# Coinbase acquires Utopia Labs: acquisition

Canonical ID: `5ff26539-0c44-4de4-9813-9acb8915b579`

Coinbase acquired Utopia Labs, an onchain payments infrastructure startup whose seed round Kindred Ventures led in 2021, in late 2024. Co-founder Jason Chong later co-founded Mecka.

- **Structure:** full acquisition
- **Status:** completed
- **Valuation:** undisclosed
- **Verification posture:** reported

## Parties

- **Acquirer:** [Coinbase](https://registry.deploy.report/companies/coinbase.md)
- **Acquired:** [Utopia Labs](https://registry.deploy.report/companies/utopia-labs.md)

## Sources (1)

1. https://kindredventures.com/announcement/mecka-creating-the-data-corpus-for-physical-ai/ · 2026-06-01


_API: GET /v1/acquisitions/coinbase-acquires-utopia-labs-2024 · canonical URL: /acquisitions/coinbase-acquires-utopia-labs-2024_