OpenSea Revenue, Valuation, Funding & Investors

OpenSea is valued at $13B as of January 2022, a 15.2x revenue multiple. OpenSea revenue was $873M, as disclosed with its latest round.

Last OpenSea valuation

$13B

Series C · Jan 2022

Last OpenSea funding round

Strategic investment

Amount undisclosed · Jan 2024

OpenSea revenue

$873M

Series C · Jan 2022

Key investors in OpenSea

  • Andreessen Horowitz
  • Coatue
  • Blockchain Capital
  • Dylan Field
  • 1confirmation
  • Y Combinator

OpenSea Overview

About OpenSea

OpenSea is a privately held United States marketplace for non-fungible tokens, fungible tokens, and other on-chain assets. Devin Finzer and Alex Atallah founded the company in 2017 and launched a non-custodial marketplace in which users retain control of assets through their own wallets. The service lets people discover, mint, buy, and sell NFTs and trade tokens across multiple blockchains. It serves collectors and traders alongside creators, brands, game studios, and developers that publish digital collections. OpenSea's product suite includes its main marketplace, OpenSea Pro for active traders, and Studio tools for managing collections and drops. The company reports more than two million collections, 80 million NFTs, and USD 20 billion in cumulative volume on its platform. Its business earns transaction fees and related marketplace revenue when users trade supported digital assets.


Founded

2017

HQ

United StatesNew York City, NY

Website

opensea.io

Status

Privately held

Customer focus

B2C

Revenue model

Commission

Revenue

$873M (Jan 2022)

Valuation

$13B (Jan 2022)

OpenSea Valuation

OpenSea is currently valued at $13B, based on its Series C in January 2022. Read the announcement ↗

The $300M round was led by Coatue and Paradigm, with participation from Seth Weinstein and Katie Haun.

OpenSea's valuation has grown 8.9x from $1.5B at its Series B in July 2021 to $13B in January 2022, across 2 priced rounds.

OpenSea valuation by funding round

Revenue multiple
OpenSea valuation by funding round
DateStageValuationRevenue Multiple
Jan 2022Series C$13B15.2x
Jul 2021Series B$1.5B-

OpenSea Revenue

OpenSea's latest recorded revenue is $873M, as of its Series C in January 2022. At a $13B valuation, that implies a 15.2x revenue multiple.

OpenSea revenue by funding round

OpenSea revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jan 2022$873M$13B15.2xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

OpenSea Funding History

OpenSea has raised a total of $427M across 7 funding rounds.

OpenSea's first fundraising round was a $100K pre-seed round in January 2018. The most recent completed round was a strategic investment round in January 2024.

OpenSea funding rounds

OpenSea funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2024Strategic investmentAnimoca Ventures--Animoca Ventures' official portfolio snapshot dated 2 March 2024 lists OpenSea as a portfolio holding. The disclosure establishes a private investment relationship by 2024, but it does not identify the closing day, financing round, security, invested amount, valuation, or ownership percentage. It does not attribute Animoca Ventures to any separately reported Animoca Brands financing and carries no stage, amount, valuation, lead role, or syndicate from another transaction. OpenSea is a United States digital-asset marketplace founded in 2017 by Devin Finzer and Alex Atallah. The company operates a platform for discovering, minting, buying, and selling non-fungible tokens and, through its OS2 rebuild, fungible tokens across multiple blockchains. It connects creators, collectors, traders, and developers through marketplace listings, collection pages, account tools, and data interfaces.
Jan 2022Series CCoatue (lead); Paradigm (lead); Seth Weinstein; Katie Haun$300M$13BOpenSea is a blockchain-based NFT marketplace founded in 2017 that facilitates the buying, selling, and creation of non-fungible tokens across multiple blockchains. The platform operates as a decentralized marketplace where buyers and sellers can trade digital assets, with the company earning revenue through transaction fees charged on trades. In February 2022, OpenSea raised $300 million in a Series C funding round led by Coatue and Paradigm, along with additional investors including Bossa Invest, Katie Haun, and Seth Weinstein, valuing the company at $13.3 billion post-money. At the time of this round, OpenSea was generating substantial revenue through its platform fees. Based on observed trading volumes in January 2022, the company was on pace for approximately $873 million in annualized gross revenue, calculated from the platform's 2.5% take rate applied to over $2.9 billion in 30-day trading volume. This resulted in a revenue multiple of approximately 15.6x the platform's run-rate revenue at the $13.3 billion valuation. The 2022 funding round reflected investor confidence in OpenSea's position as a leading marketplace in the emerging NFT ecosystem, though the company's valuation multiples were viewed as relatively moderate compared to broader software companies despite representing a premium relative to crypto exchange platforms like Coinbase.
Jul 2021Series BAndreessen Horowitz (lead); Lars Fjeldsoe-Nielsen; Ashton Kutcher; Thirty Five Ventures; WndrCo; Devang Thakkar; Creative Artists Agency; Republic; Crowd Venture Capital; Dylan Field; Coatue; A*$100M$1.5BOpenSea is the leading NFT marketplace, operating as a B2C platform that aggregates liquidity from decentralized exchanges and NFT platforms without taking custody of user assets. It generates revenue through a 0.9% blended fee structure on secondary market transactions (1% fee) and primary drops (10% fee), capitalizing on trading volume and creator launches. By July 2021, the platform had seen explosive growth, with users completing $350 million in monthly transactions, up from $1.1 million a month in March 2020. On July 20, 2021, OpenSea raised $100 million in a Series B funding round led by Andreessen Horowitz at a $1.5 billion post-money valuation, achieving unicorn status. Participants included Coatue, Creative Artists Agency, Ashton Kutcher, Kevin Durant’s Thirty Five Ventures, Kevin Hartz, and others matching the query. The round followed a $23 million Series A in March 2021 also led by a16z. Monthly sales reached $160 million in June 2021, with expectations to exceed that in July, amid the NFT boom despite Ethereum gas fee challenges. OpenSea planned expansions like support for Polygon (already enabling gas-free purchases with credit cards), Flow, and Tezos to address scalability. The company's growth positioned it ahead of web2 creator platforms like Patreon, which had paid out $3.5 billion total by 2021 over nine years. Later, a $300 million Series C in January 2022 valued OpenSea at $13.3 billion, with total funding reaching about $427 million.
Mar 2021Series AAndreessen Horowitz (lead)$23M-OpenSea is the world's first and largest digital marketplace for crypto collectibles and non-fungible tokens (NFTs), supporting gaming items, digital art, collectables, event tickets, domain names, and over 25 million other blockchain-backed assets. Launched in 2017, it initially raised $2 million from Founders Fund and crypto firms amid early NFT interest like CryptoKitties. By March 2021, amid surging NFT enthusiasm and cryptocurrency rallies, OpenSea closed a $23 million Series A funding round led by Andreessen Horowitz (a16z), with participation from angels and firms including Naval Ravikant, Mark Cuban, Alexis Ohanian, Dylan Field, Linda Xie, Ron Conway, Belinda Johnson, and Ben Silbermann. The round reflected growing momentum in NFTs for content creation economics and digital ownership. OpenSea saw explosive growth, with $160 million in digital asset sales in June 2021 alone and 45x volume increase in the first half of 2021, driven by projects like Hashmasks, Bored Ape Yacht Club, and Meebits. Transaction volumes continued booming, reaching $2.4 billion in the last month of 2021 and $3.25 billion in December 2021 versus $3.5 million a year prior, outpacing competitors like Magic Eden. Subsequent developments included a $300 million Series C in early 2022 led by Paradigm and Coatue at $13.3 billion valuation, with over 600x volume growth in 2021. Earlier, in March 2020, monthly commission revenue was under $30,000, highlighting rapid scaling. OpenSea faced issues like an employee insider trading scandal and debates over centralization in flagging stolen NFTs, while pursuing acquisitions like Dharma Labs and hiring talent like Lyft's first CFO Brian Roberts amid IPO rumors. The platform maintained dominance in the NFT market amid metaverse and Web3 hype from firms like Goldman Sachs and Grayscale.
Nov 2019Seedgumi Cryptos Capital (gCC) (lead); Incisive Ventures; Animoca Brands; Blockchain Capital; Dylan Field; 1confirmation; StartX (Stanford-StartX Fund); SparkLabs Global Ventures$2M-OpenSea announced in November 2019 that it had received a strategic investment of USD 2.1 million from Animoca Brands, gumi Cryptos, Stanford StartX and David Pazdan of MetaMask. Several existing backers contributed alongside the new strategic partners, among them 1confirmation, Blockchain Capital, Brad Flora and Dylan Field. The company framed the round as bringing in partners with distribution and content in blockchain gaming, pointing to Animoca's work on F1 Delta Time and The Sandbox and to gumi Cryptos' position in Japanese blockchain games. OpenSea was founded in 2017 by Devin Finzer and Alex Atallah shortly after CryptoKitties, and is based in New York. It operates a marketplace where users can mint, buy and sell non-fungible tokens across gaming items, digital art, collectibles, domain names and virtual land, taking a fee on secondary transactions. At the time of the round the marketplace was processing monthly transaction volume in the low single-digit millions of dollars, well before the 2021 NFT boom that carried it to a USD 13.3 billion valuation.
May 2018Seed1confirmation (lead); The Stable Fund; TCG; Coinbase Ventures; Blockchain Capital; Andrew Vigneault; Founders Fund; Stacks; Foundation Capital; Brad Flora$2M--
Jan 2018Pre-seedY Combinator (lead)$100K--

Who has invested in OpenSea?

32 investors have backed OpenSea across its funding rounds, including Andreessen Horowitz, Coatue, Blockchain Capital, Dylan Field, 1confirmation and Y Combinator.

Lead investors include Coatue, Paradigm, Andreessen Horowitz, gumi Cryptos Capital (gCC), 1confirmation and 1 other investor.


OpenSea Investors

Investors in OpenSea by funding rounds participated
InvestorHQRoundsRoleFirst check
Blockchain CapitalUnited StatesSan Francisco, CA2ParticipantMay 2018
Andreessen HorowitzUnited StatesSan Francisco, CA2LeadMar 2021
Dylan FieldUnited StatesPenngrove, CA2ParticipantNov 2019
1confirmationUnited StatesUnited States2LeadMay 2018
CoatueUnited StatesNew York City, NY2LeadJul 2021
Lars Fjeldsoe-NielsenUnited KingdomLondon1ParticipantJul 2021
The Stable FundCanadaToronto1ParticipantMay 2018
Ashton KutcherUnited StatesLos Angeles, CA1ParticipantJul 2021
Y CombinatorUnited StatesSan Francisco, CA1LeadJan 2018
Thirty Five VenturesUnited StatesNew York City, NY1ParticipantJul 2021
WndrCoUnited StatesLos Angeles, CA1ParticipantJul 2021
TCGUnited StatesLos Angeles, CA1ParticipantMay 2018
Coinbase VenturesUnited StatesSan Francisco, CA1ParticipantMay 2018

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Acquisitions by OpenSea

OpenSea has acquired 4 companies to date.

Last acquisition by OpenSea was on July 8th 2025. OpenSea acquired Rally for undisclosed valuation.


Latest Acquisitions by OpenSea

Rally
gem.xyz
Dharma Labs
Atomic Bazaar
Description
Rally is a Web3 cryptocurrency wallet designed for mobile users, emphasizing seamless integration with decentralized applications and blockchain networks. Headquartered in the United States, it supports token management, NFT storage, and dApp browsing with enhanced security features.
gem.xyz is a San Francisco-based NFT aggregator platform. It enables users to purchase tokens from OpenSea, Blur, LooksRare, and X2Y2 in single transactions using any ERC-20 token instead of ETH. The service displays real-time analytics including sales volume, floor prices, and rarity rankings for collections like Bored Ape Yacht Club and CryptoPunks. gem.xyz integrates with wallets such as MetaMask and supports gas-efficient bundling for collectors worldwide.
Dharma Labs is a blockchain protocol on Ethereum facilitating tokenized debt agreements for decentralized lending applications. It supports consumer loans, margin trading, and municipal bond crowdfunding through smart contracts that enforce permissionless access. Dharma Labs enables developers to launch lending platforms without intermediaries, leveraging on-chain collateral and automated repayments. Deployed since 2018, the protocol integrates with wallets and DeFi ecosystems to expand credit access via cryptocurrency collateral.
Atomic Bazaar is a decentralized marketplace for trading bundles of nonfungible tokens via atomic swaps on blockchain networks. The platform enables single-transaction exchanges of mixed NFT sets from collections like CryptoPunks and Bored Apes, operating on Ethereum and compatible chains without intermediaries.
HQ CountryUnited StatesSingaporeUnited StatesUnited States
HQ City
New York City, NY
Singapore
San Francisco, CA
New York City, NY
Deal Date8 Jul 202525 Apr 202217 Jan 202213 Dec 2018
Valuationundisclosedundisclosed$130Mundisclosed
EV/Revenue
EV/EBITDA

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Investments by OpenSea

OpenSea has invested in 8 companies to date.

Latest investment by OpenSea was on July 3rd 2024. OpenSea invested in Ant Dog in their $5M Series A round.


Latest Investments by OpenSea

Ant Dog
Lasso Labs
Harpie
Pinata
Description
-
Lasso Labs is a platform simplifying discovery, trading, and utility applications for digital assets including NFTs and tokens. Users access curated marketplaces, launchpads, and tools for asset management on blockchains like Ethereum and Solana. The New York-based company integrates with wallets such as MetaMask and supports cross-chain functionality for decentralized finance participants.
Harpie is a Web3 security platform functioning as an on-chain firewall that monitors pending blockchain transactions to detect and block hacks, scams, and theft attempts. The Ethereum-based tool intercepts malicious activities in real time, safeguarding user assets across decentralized finance protocols and wallets.
-
HQ CountryChinaUnited StatesUnited StatesCentral African Republic
HQ City
Shenzhen
San Francisco, CA
New York City, NY
-
Deal Date3 Jul 20245 Oct 202227 Sep 20229 Aug 2022
RoundSeries ASeedSeedSeries A
Raised$5M$4M$5M$18M
Investors-Village Global; Sriram Krishnan; Page One Ventures; Will Papper; Soso Sazesh; Ethereal Ventures; 0x650d; Electric Capital; Chandan Lodha; David ChoiDragonfly; Coinbase VenturesPantera Capital; DoubleX Fund; Greylock; Volt Capital
Valuationundisclosedundisclosedundisclosed$198M
EV/Revenue
EV/EBITDA

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OpenSea Competitors

OpenSea competitors include listed companies like Rocket Companies, Instacart, DiDi and Delivery Hero, and private ones like Rappi and wefox.

Public and private companies comparable to OpenSea
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
RappiColombiaBogotáPrivate--$5.3B-
Rocket CompaniesUnited StatesUnited StatesPublicly listed$6.3B$1.4B$36B4.8x
wefoxGermanyBerlinPrivate$350M-$4.5B12.9x
InstacartUnited StatesUnited StatesPublicly listed$3.7B$598M$13B3.0x
DiDiChinaChinaPublicly listed$34B$69M$14B0.3x
Delivery HeroGermanyGermanyPublicly listed$16B$305M$13B0.9x

OpenSea Public Comps

OpenSea is still privately-owned, but its public comps include Instacart, DiDi, Delivery Hero, BitMine, CoStar Group, Kuaishou, REA Group, Allegro, Pinterest and Grab.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Instacart$3.7B$598M3.3x3.0x20.8x9.8x
DiDi$34B$69M0.3x0.3x138.5x22.5x
Delivery Hero$16B$305M1.0x0.9x52.7x14.6x
BitMine$6M($364M)1941.7x57.2x(32.5x)-
CoStar Group$3.2B$183M4.0x3.5x70.4x16.6x
Kuaishou$21B$4.1B0.6x0.6x2.9x4.1x
REA Group$1.4B$766M10.2x11.3x18.9x18.2x
Allegro$2.9B$800M5.5x4.7x19.8x15.9x

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Common questions about OpenSea

When was OpenSea founded?OpenSea was founded in 2017.
Where is OpenSea headquartered?OpenSea is headquartered in New York City, NY, United States.
Is OpenSea publicly listed?No, OpenSea is a private, VC-backed company.
What is OpenSea's valuation?OpenSea was last valued at $13B in its Series C in January 2022.
How much funding has OpenSea raised?OpenSea has raised $427M across 7 funding rounds.
What was OpenSea's last funding round?OpenSea's last funding round was a strategic investment round in January 2024.
Who are OpenSea's investors?OpenSea's investors include Blockchain Capital, Andreessen Horowitz, Dylan Field, 1confirmation, Coatue, Lars Fjeldsoe-Nielsen, The Stable Fund, Ashton Kutcher, Y Combinator, Thirty Five Ventures and 22 others.
What is OpenSea's revenue?OpenSea's latest recorded revenue is $873M (January 2022).
What is OpenSea's revenue multiple?OpenSea's latest valuation implies a 15.2x revenue multiple ($13B valuation on $873M of revenue).
Which companies are comparable to OpenSea?Companies comparable to OpenSea include Rappi, Rocket Companies, wefox, Instacart, DiDi and Delivery Hero.
How many companies has OpenSea acquired?OpenSea has acquired 4 companies, including Rally, gem.xyz, Dharma Labs and Atomic Bazaar.
What was the largest acquisition by OpenSea?The $130M acquisition of Dharma Labs in January 2022 is the largest acquisition OpenSea has made to date.
How many companies has OpenSea invested in?OpenSea has invested in 8 companies, including Ant Dog, Lasso Labs, Harpie, Pinata, Fair.xyz, OPTIC, Cyan and Syndicate.
What was OpenSea's last investment?In July 2024, OpenSea invested in Ant Dog's $5M Series A.

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