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Seeking Alpha 2022-01-05 18:02:03

NFT marketplace OpenSea raises $300M, valuing company at $13.3B

Non-fungible token marketplace OpenSea raises $300M in a Series C Funding round at a $13.3B post money valuation, according to the company's blog post. Venture capital firms Paradigm and Coatue led the round, with some new and existing investors also participating, the blog says. The funds will be used to accelerate product development, improve customer support and safety, and invest in the wider NFT and Web3 community. Some NFT-related stocks that are making the biggest price swings on Wednesday include: Humbl (OTCPK:HMBL -6.7%), Hall of Fame Resort and Entertainment (DLPN -2.3%), WISeKey International (WKEY -3.7%), Liquid Media (YVR +3.7%) and Vinco Ventures (BBIG -4.3%). Previously, (March 7, 2021) OpenSea grew its monthly sales to $86.3M in February.

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