Funding round
OpenSea Pre-seed
OpenSea, which works in NFT marketplace services in Miami, raised $120K in a Pre-seed round announced on 1 Jan 2018, led by Y Combinator. 1 firm took part. It is OpenSea's first venture round on record.
$120K
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
OpenSea did not disclose a valuation in this round. It is OpenSea's first venture round on record, 1 year after it was founded in 2017. It is under 1% of the $425M OpenSea has raised in the venture rounds on record. OpenSea raised again 4 months later: a Seed round of $2.0M in May 2018. Its next priced round, a Series B in Jul 2021, valued it at $1.50B.
OpenSea's funding rounds
OpenSea has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Pre-seed this round 1 Jan 2018, led by Y Combinator $120K
- Seed 10 May 2018, led by 1confirmation $2.0M
- Other not a venture round 1 Nov 2019 $2.1M
- Series A 18 Mar 2021, led by Andreessen Horowitz and A16z Crypto $23M
- Series B 20 Jul 2021, led by Andreessen Horowitz $100M$1.50B post-money
- Series C 4 Jan 2022, led by Paradigm and Coatue $300M$13.30B post-money
Investors
Who put money in
Y Combinator led the round.
Lead investor
- Y Combinator backs 1,295 venture-backed companies new investor
Comparable rounds
How it compares
44 Pre-seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.0M, and this round was 12% of the median. The closest in time, other companies' Pre-seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 1 Jan 2018 | $1.8M | not disclosed | not named |
| Tech Companies | 1 Jan 2018 | $500K | not disclosed | not named |
| Tech Companies | 31 Dec 2017 | $150K | not disclosed | not named |
| Tech Companies | 1 Feb 2018 | undisclosed | not disclosed | not named |
| Tech Companies | 28 Mar 2018 | $1.0M | not disclosed | not named |
| Tech Companies | 1 Nov 2017 | $1.0M | not disclosed | not named |
| Tech Companies | 4 Apr 2018 | $700K | not disclosed | Brooklyn Bridge Ventures |
| Tech Companies | 11 Apr 2018 | $650K | not disclosed | 1Crowd |
Questions
Frequently asked
How much did OpenSea raise in its Pre-seed round?
OpenSea raised $120K in its Pre-seed round, announced in Jan 2018.
Who led OpenSea's Pre-seed round?
Y Combinator led it.
What was OpenSea's valuation at the Pre-seed round?
It was not disclosed.
How does it compare with other Pre-seed rounds in Tech Companies?
44 Pre-seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.0M, and this round was 12% of the median.
Did OpenSea raise again after this round?
Yes: a Seed round in May 2018 of $2.0M.