Coinbase CEO Brian Armstrong's Biotech Startup Newlimit Raises $435M, Valuation Triples to $3.1B
By
Shiraz Jagati
Master baker tier. Every paragraph earns its place on the tray.
Summary
Newlimit, the longevity biotech co-founded by Coinbase CEO Brian Armstrong, raised $435 million in a Series C round led by Founders Fund, tripling its valuation to approximately $3.1 billion. The funding round marks a significant influx of crypto wealth into longevity science and anti-aging research.
Key quotes
· 3 pulledNewlimit, the anti-aging biotech co-founded by Coinbase Global Inc. (Nasdaq: COIN) Chief Executive Brian Armstrong, has closed a $435 million Series C funding round.
The raise was led by Founders Fund and roughly tripled Newlimit's post-money valuation to about $3.1 billion, up from a mark that sat below $1 billion.
Crypto Wealth Flows Into Longevity Science
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