OpenSea raises $300 million in Series C funding at a $13.3 billion valuation
Today OpenSea announced the inevitable crossover round. On the heels of an amazing 2021 which saw OpenSea gain a $100m investment literally days before the massive NFT bullrun throughout the spring and summer, the leading NFT platform has raised an additional round valuing the company in the billions.
To accelerate this vision, we have raised $300 million in Series C funding at a $13.3 billion post money valuation. Paradigm and Coatue led the round with participation from new and existing investors. We are excited to work with these incredible partners, thinkers and builders who collectively bring a depth of experience in Web3, NFTs, and best in class consumer experiences.
OpenSea says they will use this money for 4 purposes:
- accelerate product development
- significantly improve customer support and customer safety
- meaningfully invest in the wider NFT and Web3 community
- invest in the team
The world’s first and largest digital marketplace for crypto collectibles and non-fungible tokens (NFTs). Buy, sell, and discover exclusive digital items.
Fascinated by the movement that was forming, Devin Finzer and Alex Atallah joined early adopter communities in Discord and started talking to users. With the OpenSea beta launch in December 2017, the first open marketplace for any non-fungible token on the Ethereum blockchain was born.
Today, we’re proud to remain the largest general marketplace for user-owned digital items, supporting multiple blockchains, with the broadest set of categories and the best prices for new emerging digital item classes.
As a company, we’re thrilled to be at the center of this growing industry, and will continue to invest in our core infrastructure as we build the most accessible marketplace for buyers, sellers, and creators.
