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Fortune

Jeff John Roberts

Coinbase founder Brian Armstrong raises $40 million for NewLimit, a startup that wants to 'cure aging'

Brian Armstrong Coinbase Fortune Mars

Coinbase CEO Brian Armstrong is seen speaking at Innovate Finance's Global Summit on April 18, 2023, in London. (Credit: Carlos Jasso—Bloomberg via Getty Images)

NewLimit, a startup that aspires to reverse aging by manipulating cells, announced on Tuesday that it's raised $40 million in a Series A round from Kleiner Perkins and other venture firms, and from prominent individuals like former Google CEO Eric Schmidt and Y Combinator CEO Garry Tan.

The startup launched in late 2021 with the backing of Coinbase founder Brian Armstrong, who sold 2% of his holdings in the crypto company to invest an initial $110 million in the new venture alongside geneticist Blake Byers. The pair are two of four NewLimit cofounders.

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