OpenSea captures $100m at $1.5bn valuation

Jul 22, 2021 • gcv admin

The NFT marketplace, which counts Coinbase, Animoca Brands and Gumi as investors, raised the funding in a series B round led by Andreessen Horowitz.

OpenSea, a US-based non-fungible token (NFT) marketplace operator backed by corporates Coinbase, Animoca Brands and Gumi, secured $100m in series B funding on Tuesday at a valuation of $1.5bn.

The round was led by venture capital firm Andreessen Horowitz and also featured investment manager Coatue and private investors Michael Ovitz, Kevin Hartz, Dylan Field, Kevin Durant, Ashton Kutcher and Tobi Lutke.

Founded in 2017, OpenSea operates a marketplace for crypto collectibles and NFTs: crypto assets that record ownership of digital…

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