Coinbase has been on something of an acquisition spree of late, making 10 acquisitions in 12 months. Its most recent, Blockspring, was just announced by the startup this week.
Blockspring started out as a serverless APIs business before morphing into a service that allows people to use API data to increase their productivity. Following the acquisition, Blockspring will continue operating as an independent company.
“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),” wrote Paul Katsen, Blockspring CEO on the company blog. “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.”
Last October, Coinbase raised $300 million of funding at a valuation of over $8 billion, and the Blockspring acquisition is the first announced since the Series E ended.