Coinbase Ventures Expands Portfolio With Four Crypto Projects, Raises Over $20M

• Coinbase Ventures added four new crypto projects to its investment portfolio in May 2023.
• The crypto giant’s investment arm participated in funding rounds that raised over $20 million.
• The investments include zkLink, Dolomite, Hourglass, and PYOR.

Coinbase Ventures, the investment arm of American crypto giant Coinbase, added four new crypto projects to its investment portfolio last month. The venture capital firm participated in funding rounds that raised a total of $20.7 million in May 2023. These investments include zkLink, Dolomite, Hourglass, and PYOR.

Altcoin Daily recently posted a video on Youtube that took a closer look at Coinbase Ventures’ recent investments. According to the data gathered by the crypto news channel, Coinbase Ventures participated in a strategic funding round for zkLink at the beginning of May. The unified multi-chain trading project raised a total of $10 million.

A week after funding zkLink, Coinbase Ventures participated in a funding round for Dolomite. The funding round was led by Draper Goren Holm, raising $2.5 million. Dolomite is a margin trading and lending protocol on Arbitrum. Coinbase Ventures invested an undisclose…

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