New York
OpenSea a peer-to-peer marketplace for cryptogoods, which include collectibles, gaming items, and other non-fungible tokens (NFT) backed by a blockchain. This company was founded in 2017 by Alex Atallah and Devin Finzer and is headquartered in New York, NY. OpenSea allows anyone to buy or sell these items through a smart contract.
Estimated valuation today
$6.6B
-50.05% since last round
Calculated based on estimated multiplier and revenue.
Revenue
Update this based on your knowledge or projections. Calculations use last 12 months revenue.
Hype Multiple
Currently selected comps have a median growth rate of 1.75%
This premium represents how much of a bonus the company receives on its valuation for its additional growth compared to the selected public comps. The valuation is multipled by the Hype Multiple to get the final valuation. You can read more about this from a16z.
multiple
In an event of a merger or aquisition, the investors will get their money back first. In this case, the investors got paid out and there was sufficent money left for employees. Everything above this point means you can exercise your options for a profit.
The last round was 7 months ago.
Date
January 2022
Valuation
$13B
Amount raised
$300M
We estimate company valuation by comparing it to similiar companies in the public market. The revenue multipler is calculated by taking a company's current valuation and dividing it by its total revenue.
Multiple at last round
6.34x revenue
Today's multiple
3.69x revenue
Change
-41.80%
Companies
Industry – FinTech
Last updated 5 mins ago.
| Remove | Name | Ticker | Price multiple |
|---|---|---|---|
| OpenSea | 3.69x | ||
| Robinhood Markets Inc | HOOD | 4.84x | |
| Block Inc | SQ | 2.77x | |
| JPMorgan Chase & Co | JPM | 2.74x | |
| Bank of America Corp | BAC | 2.98x | |
| Visa Inc Class A | V | 15.50x |
| Date | Round | Amount raised | Price per share (Preferred) | Valuation |
|---|---|---|---|---|
| Jan 2022 | Series C | $300MM | $642.09 | $13.3B |
| Jul 2021 | Series B | $98.96MM | $76.05 | $1.5B |
| Mar 2021 | Series A | $23.2MM | $6.81 | $83.48MM |
| May 2018 | Series A-3 | $2.09MM | $2.12 | $25.97MM |
| May 2018 | Series A-2 | $1.75MM | $1.06 | $25.97MM |
| May 2018 | Series A-1 | $488.5K | $0.71 | $25.97MM |
With a revenue of $1.2B and a Hype Multiple of 1.5x,
OpenSea is estimated to be worth $6.6B.