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Former Coinbase Employees Raise $4.5 Million for web3 Data Startup Coherent: Exclusive

Coherent, a blockchain data startup co-founded by former Coinbase employees, has raised $4.5 million in a seed funding round.

The round was co-led by Kindred Ventures, Matchstick Ventures and Foundry Group, with Coinbase Ventures, Alchemy, Chapter One and Dan Romero, an early employee at Coinbase, participating, among other investors, Coherent told The Block.  

Carl Cortright and Ellen Choi, former Coinbase engineers, co-founded Coherent in April of this year. When asked why he left Coinbase, Cortright said in an interview that he wasn’t growing much as an engineer and wanted to build a platform for human-readable blockchain data to help bring the next billion users in crypto.

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