Coinbase founder's new company NewLimit raises $435 million in Series C funding at a $3.1 billion valuation

According to Odaily, longevity technology startup NewLimit, co-founded by Coinbase founder Brian Armstrong, has announced the completion of a $435 million Series C funding round at a valuation of $3.1 billion. The round was led by Peter Thiel's Fund, with continued participation from Abstract Ventures, Kleiner Perkins, NFDG, Eli Lilly Ventures, Valor Equity Partners, and others, while also introducing new investors such as Thrive Capital, Greenoaks, and Quiet Capital.

In 2021, Brian Armstrong co-founded NewLimit in South San Francisco with former GV partner and bioengineer Blake Byers and stem cell biologist Jacob Kimmel, contributing an initial $110 million.