OpenBazaar

About

OpenBazaar is a decentralized cryptocurrency marketplace that enables its users to trade online.

Washington,District of Columbia,United States
1 - 10
https://openbazaar.org/

Highlights

Details

Last Funding Type: Series Unknown
Last Funding Money Raised: $3M
Industries: Bitcoin,E-Commerce,Marketplace
Founded date: Jan 1, 2014
Number Of Employee: 1 - 10
Operating Status: Active
Legal Name: OpenBazaar.org.

Sub-Organizations: OB1

OpenBazaar is a new way to trade online. By running a program on your computer, you can connect directly to other users in the OpenBazaar network and trade with them. This network isn't controlled by a company, it's a decentralized network that isn't run by any organization at all. This means there are no mandatory fees to pay, and that your trade is censorship-resistant.

OpenBazaar uses Bitcoin, a digital currency that is also cheap to use, decentralized, and censorship-resistant.

This project is open source, which means the code is publicly available, can be reviewed, and anyone can join the project and suggest changes.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

3

$4.20M

OpenBazaar has raised a total of $4.20M in funding over 2 rounds. Their latest funding was raised on Jun 2, 2017 from a Series Unknown round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Jun 2, 2017	Series Unknown	$200K	1	Digital Currency Group	—	Detail
Dec 13, 2016	Series Unknown	$3M	3	BlueYard Capital	—	Detail
Jun 11, 2015	Seed	$1M	3	Union Square Ventures	—	Detail

Investors

Number of Lead Investors

Number of Investors

3

5

OpenBazaar is funded by 5 investors. Digital Currency Group and BlueYard Capital are the most recent investors.

Investor Name	Lead Investor	Funding Round
Digital Currency Group	Yes	Series Unknown
BlueYard Capital	Yes	Series Unknown
Andreessen Horowitz	—	Series Unknown
Union Square Ventures	—	Series Unknown
William Mougayar	—	Seed