Startup profile for OpenSea: latest funding, latest known valuation, total disclosed funding, investors, status, sources, and why the company is interesting. Part of the Venture Capital Tracker startup directory.
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OpenSea funding, valuation and investors

NFT marketplace for buying, selling, and discovering digital collectibles and art on multiple chains.

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Funding, valuation & investors

Answer-first snapshot

Latest funding

Series C

$300M · January 2022

Latest known valuation

$13.3B

Series C · January 2022

Total disclosed equity funding

$400M

Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.

Current status

private

growth · New York, USA

Investors in latest funding

Lead: Paradigm , Coatue

Other: Andreessen Horowitz

Sources: latest funding Last verified: 2026-07-25

Overview

OpenSea is a marketplace for non-fungible tokens (NFTs) across Ethereum, Polygon, and other chains. Users mint, list, and trade digital art, collectibles, gaming items, and PFP projects. Founded in 2017 by Devin Finzer and Alex Atallah, OpenSea became the default NFT venue during the 2021 bull market. Andreessen Horowitz led Series A and B rounds; Paradigm and Coatue co-led a $300M Series C in January 2022 at $13.3B valuation. Volume collapsed post-2022 crypto winter but OpenSea remains historically central to NFT infrastructure and creator royalties debates.

Why OpenSea is interesting

Defined the 2021–2022 NFT liquidity cycle — a16z led early rounds before Paradigm and Coatue's $300M Series C at $13.3B; still the reference venue for crypto culture market dynamics.

Product & use cases

OpenSea provides listing, discovery, and settlement for NFTs with wallet connectivity (MetaMask, etc.), collection pages, and creator royalty tools. OpenSea Pro targets pro traders with aggregation features.

  • Primary and secondary sales of NFT art and PFP collections
  • Gaming asset trading across supported chains
  • Creator monetization with on-chain royalties (policy evolved over time)
  • Market analytics and portfolio tracking via OpenSea Pro

Key facts

  • Series C (Jan 2022): $300M at $13.3B led by Paradigm and Coatue — OpenSea blog
  • Series B (Jul 2021): $100M at $1.5B led by a16z — OpenSea blog
  • Peak NFT volume coincided with 2021–2022 funding; post-winter volume declined industry-wide
  • Co-investors not in VCT directory: Paradigm, Connect Ventures, Standard Crypto

Funding history (newest first)

Series C

2022-01 $300M Valuation: $13.3B

Source: https://opensea.io/blog/articles/announcing-openseas-new-funding

Series B

2021-07 $100M Valuation: $1.5B

Source: https://opensea.io/blog/articles/announcing-openseas-new-funding

Investors in our directory

Funds linked from OpenSea's profile — open a fund page for stage focus and related deal articles.

Andreessen Horowitz Coatue

Competitive landscape

Edge: First-mover liquidity and brand during NFT mania created habitual user flow; multi-chain support and SEO dominance for collection discovery.

NFT marketplaces are winner-take-most on liquidity but volumes are cyclical with crypto sentiment. Blur's rise forced OpenSea to cut fees and rethink royalties. Long-term value depends on gaming/item economies and institutional NFT use cases beyond speculative JPEGs. $13.3B peak valuation reflects 2022 froth; current private mark likely lower but unverified here.

  • Blur direct

    Pro-trader focused marketplace that took share with token incentives and zero royalties — pressured OpenSea fee policy.

  • Magic Eden direct

    Multi-chain NFT marketplace strong on Solana; expanded to Ethereum competing for volume.

  • LooksRare / X2Y2 adjacent

    Incentive-driven Ethereum alternatives during 2022 marketplace wars.

  • Foundation / SuperRare adjacent

    Curated art-first NFT platforms; smaller volume but stronger fine-art positioning.

Notable stories

  • OpenSea founders Devin Finzer and Alex Atallah built the marketplace before NFTs were mainstream — scaling from small side project to $13.3B valuation in under five years at peak.
  • The 2022 Blur vs OpenSea marketplace war reshaped NFT royalty norms industry-wide — a case study in liquidity incentives beating incumbency.

Industries

Crypto & Web3 Marketplaces Media & Entertainment

FAQs about OpenSea

Practical answers founders, operators, and investors typically search for.

OpenSea is an NFT marketplace where users buy, sell, and discover digital collectibles, art, and gaming items across supported blockchains.
Andreessen Horowitz (/fund/andreessen-horowitz) led Series A/B rounds. Coatue (/fund/coatue) co-led the $300M Series C (Jan 2022) with Paradigm.
OpenSea's January 2022 Series C was at $13.3B valuation per the company's funding announcement.
OpenSea announced $300M Series C funding in January 2022 at $13.3B valuation.
Blur targeted pro traders with token rewards and optional royalties, taking volume from OpenSea in 2022–2023. OpenSea responded with fee cuts and OpenSea Pro.
Market share fluctuates with crypto cycles and competitor incentives. OpenSea remains a major venue but Blur and Magic Eden compete aggressively on Ethereum and Solana.
Devin Finzer and Alex Atallah co-founded OpenSea in 2017.
OpenSea expanded multi-chain support over time including Polygon and others; verify opensea.io for current chain list.
No. OpenSea remains private despite IPO speculation during the 2021–2022 NFT peak.
OpenSea charges marketplace fees on trades (rates adjusted during competitive pressure with Blur). Exact fee schedule is on opensea.io.
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