# OpenSea

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/opensea

- Industry: Internet
- Headquarters: New York, US
- Website: www.opensea.io
- Total disclosed funding: $427M
- Latest round: Series C (Dec 27, 2021)
- Investors on record: 13

## About

Based in New York, US, and founded in 2017, Ozone Networks, Inc., doing business as OpenSea, operates as a provider of an online platform that allows users to find, buy, and sell crypto goods. The company had 21 employees as of August 2021. The company was co-founded by Dylan Field, Ben Silberman, and Alexis Ohanian. In July 2021, Ozone Network raised USD 100 million in Series B funding from Andreessen Horowitz, Coatue Management, and individual investors.

Ozone Networks provides a non-fungible token (NFT) marketplace for blockchain-based digital assets. It offers digital items, crypto-collectibles, gaming items, and other virtual goods backed by the blockchain. The company allows users to buy or sell these items through a smart contract.

The company generates revenue through its fees collected from successful transactions. It is free to use by buyers of NFTs. Sellers of NFTs pay a 2.5% commission on any sales made through the system.

Ozone Networks plans to scale its NFT marketplace by hiring more engineers and expanding its global operations.

## Funding rounds

- Series C, Dec 27, 2021, $300M — Coatue Management, Paradigm
- Series B, Jul 19, 2021, $100M — Andreessen Horowitz, Coatue Management, Creative Artists Agency, LLC
- Series A, Mar 18, 2021, $25M — Andreessen Horowitz, Blockchain Capital, 1Confirmation, Pascal Capital
- Seed, May 10, 2018, $2M — Foundation Capital, Founders Fund, TCG, Blockchain Capital, Stacks, 1Confirmation, Coinbase Ventures, The Stable Fund

## Investors

- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Seed
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Seed
- TCG (https://capitalatlas.ai/funds/tcg) — Seed
- Blockchain Capital (https://capitalatlas.ai/funds/blockchain-capital) — Seed, Series A
- Stacks — Seed
- 1Confirmation (https://capitalatlas.ai/funds/1confirmation) — Seed, Series A
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- The Stable Fund (https://capitalatlas.ai/funds/the-stable-fund) — Seed
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A, Series B
- Pascal Capital (https://capitalatlas.ai/funds/pascal-capital) — Series A
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series B, Series C
- Creative Artists Agency, LLC — Series B
- Paradigm (https://capitalatlas.ai/funds/paradigm) — Series C