Leading NFT marketplace OpenSea revealed raising $300 M in the Series C investment round. Currently, the company's market value stands at above $13.3 bln.
Investment companies Paradigm and Coatue led the round. In the published blog post, OpenSea says there were also new and exciting investors among the participants.
Announcing Series C! We’re building the friendliest & most trusted NFT marketplace with the best selection across many chains. The funding helps us accelerate product development, improve trust & safety, and invest deeply in the web3 community & ecosystem. https://t.co/OmRPleMCOX— OpenSea (@opensea) January 5, 2022
The team mentioned four goals that it aims to achieve with the raised funds; boosting product development, improving customer experience, investing in the broader NFT and Web 3 community, and expanding the team.
In its Series B funding, led by VC Andreessen Horowitz (a16z), OpenSea received $100 M from. The NFT marketplace was founded in 2017. Today it's the largest by trading volume. According to data from DappRadar, the total trading volume on OpenSea has surged above $14.6 bln. In 2021, the volume of transactions on the platform increased more than 600 times.