Andreessen Horowitz-backed startup Blockspring acquired by Coinbase

17 Jan, 2019
by Richard Allen
Exchange
Andreessen Horowitz-backed startup Blockspring acquired by Coinbase

Blockspring, a San Francisco-based startup that made tools for developers to collect and manage data from APIs, has officially been acquired by Coinbase.

“Joining Coinbase was a no-brainer for a number reasons including its commitment to establishing an open financial system and the strength of its engineering team, led by Tim Wagner (formerly of AWS Lambda). Making the technical simple and accessible is what we’ve always been about at Blockspring. And now we’ll get to push these goals forward along with the talented folks at Coinbase to make something greater than we could on our own,” CEO Paul Katsen wrote in the company's announcement.

Blockspring made developers’ lives easier by creating a platform that pulled data from various APIs into Excel and Google Sheets. The startup received a $3,4 million backing from Andreessen Horowitz and SV Angel in 2015.

According to the announcement, the Blockspring team will join Coinbase, but “Blockspring will continue to operate as an independent company and our products will continue to operate for current and new customers as they always have.”

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Read more about: Coinbase

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