The NFT marketplace OpenSea has raised $23 million in a Series A round, led by Silicon Valley venture firm Andreessen Horowitz (a16z).
Announcing our $23M Series A, led by @a16zhttps://t.co/WlM1tngJDH
— OpenSea (@opensea) March 18, 2021
Other investors include Mark Cuban, Naval Ravikant, Belinda Johnson and others. The funds will be used to scale the NFT marketplace’s operations.
Earlier, a16z led the Series A round for the Ethereum layer-2 solution Optimism raising $25 million. Before that, the venture firm invested in the startup Celo.
From February 4 to March 4, trading volume across the 12 largest NFT platforms reached a record $480 million.
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