After Raising Another $300 Million in Funding, NFT Marketplace OpenSea Is Now Valued at an Extraordinary $13.3 Billion
Founded just four year ago, OpenSea is now a darling of venture capitalists looking for big returns on investment.
OpenSea, one of the world’s most popular NFT marketplaces, has raised $300 million in its latest round of funding, the company announced yesterday.
A sign of investors’ rapidly growing appetite for blockchain start-ups, the new injection of capital brings OpenSea’s valuation to an eye-popping $13.3 billion just four years after it was founded.
In the announcement, co-founder and CEO Devin Finzer explained that the company would use the money to significantly grow its current staff of roughly 90 employees. Special emphasis will be placed on OpenSea’s customer support and trust and safety teams, Finzer said, with a plan to double those departments’ 60-some employees by the end of this year.