How Much Did OpenSea Raise? Headquarters, Funding & Key Investors

OpenSea has raised a total of $427 million across multiple funding rounds. It began with a $120K pre-seed round in January 2018, led by Y Combinator, followed by a $2 million seed round in May 2018 and $2.1 million in November 2019. Later, it secured $23 million in Series A (March 2021) and $100 million in Series B (July 2021), both led by Andreessen Horowitz. Its latest Series C round raised $300 million in January 2022 led by Paradigm and Coatue, reaching a $13.3 billion valuation.

How Much Did OpenSea Raise? Funding & Key Investors

OpenSea, founded in December 2017 in New York City by Alex Atallah and Devin Finzer, is a blockchain-based marketplace for non-fungible tokens (NFTs). The platform enables users to create, buy, sell, and auction digital collectibles, art, music, and gaming assets using blockchain and smart contracts for secure, trustless transactions. OpenSea has raised $427M from investors including Andreessen Horowitz, Paradigm, and Coatue, achieving a $13.3B valuation in 2022. The company plans to enhance Web3 infrastructure, expand cross-chain capabilities, and strengthen safety and user support globally.

What Is OpenSea and What Does It Do?

OpenSea, founded in December 2017 by Alex Atallah and Devin Finzer, is a New York City-based (United States) blockchain marketplace for non-fungible tokens (NFTs).

The platform enables users to create, buy, sell, and auction digital collectibles and virtual goods. With a team of 101-250 employees, OpenSea empowers creators and collectors worldwide to exchange digital art, music, and gaming assets securely.

By leveraging blockchain and smart contracts, OpenSea ensures transparent, trustless transactions cementing its position as the world’s largest peer-to-peer NFT marketplace.

How Much Funding Has OpenSea Raised?

1. Pre-Seed Round

Amount Raised: $120K
Date: January 2018
Lead Investors: Y Combinator
Motivation: To kickstart platform development and establish early operations.

2. Seed Round

Amount Raised: $2M
Date: May 2018
Lead Investors: 1confirmation
Motivation: To expand the team and enhance platform features.

3. Seed Round (Extension)

Amount Raised: $2.1M
Date: November 2019
Lead Investors: gumi Cryptos Capital (gCC)
Motivation: To strengthen platform security and scalability.

4. Series A

Amount Raised: $23M
Date: March 2021
Lead Investors: Andreessen Horowitz
Motivation: To accelerate growth and expand market reach.

5. Series B

Amount Raised: $100M
Date: July 2021
Lead Investors: Andreessen Horowitz
Motivation: To scale operations and improve user experience.

6. Series C

Amount Raised: $300M
Date: January 2022
Lead Investors: Paradigm, Coatue
Motivation: To accelerate product development, enhance customer support, and invest in the Web3 ecosystem.

Total Funding Raised: $427 Million

Current Valuation: $13.3 Billion (as of January 2022)

Latest Funding Date: January 2022

Key Investors

1. Andreessen Horowitz (a16z)

Details: Silicon Valley-based venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz.
Investment Focus Areas: Technology, fintech, software, and blockchain.
Notable Investments: Facebook, Airbnb, Coinbase, OpenSea.

2. Paradigm

Details: Crypto-focused VC firm co-founded by Fred Ehrsam and Matt Huang.
Investment Focus Areas: Cryptocurrency, blockchain, and Web3.
Notable Investments: Coinbase, Uniswap, Chainalysis, OpenSea.

3. Coatue Management

Details: Global investment firm led by Philippe Laffont, managing assets across public and private markets.
Investment Focus Areas: Technology, consumer internet, and digital innovation.
Notable Investments: ByteDance, DoorDash, Snap Inc., OpenSea.

4. 1confirmation

Details: Early-stage crypto VC firm founded in 2017 by Nick Tomaino.
Investment Focus Areas: Blockchain, DeFi, and cryptocurrency startups.
Notable Investments: Coinbase, dYdX, OpenSea.

5. Y Combinator

Details: Silicon Valley accelerator supporting early-stage startups since 2005.
Investment Focus Areas: Software, fintech, biotech, and consumer platforms.
Notable Investments: Airbnb, Stripe, Dropbox, OpenSea.

Where Is OpenSea’s Headquarters?

OpenSea is headquartered in New York City, United States, a global hub for technology, art, and finance. The location provides access to world-class investors, NFT creators, and digital innovators, fostering a thriving ecosystem for blockchain adoption and digital asset commerce.

What’s Next for OpenSea?

With its $300 million Series C round at a $13.3 billion valuation, OpenSea plans to deepen its Web3 presence by improving safety, customer support, and NFT infrastructure. The company is investing heavily in user education, fraud prevention, and cross-chain expansion to support Ethereum and emerging blockchains.

As NFT adoption widens across entertainment, gaming, and real-world assets, OpenSea is well-positioned to remain the leading global NFT marketplace, driving innovation in decentralized digital ownership.

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