Latham & Watkins Advises OpenSea in US$300 Million Series C Financing

A multidisciplinary team advises on financing round that gives the NFT marketplace a valuation of US$13.3 billion.

January 05, 2022

OpeanSea, an NFT marketplace, has announced that it raised US$300 million in its Series C financing resulting in a US$13.3 billion post money valuation. Paradigm and Coatue led the round with participation from new and existing investors. The investment will help improve customer and community experience on the platform.

Latham & Watkins LLP represents OpenSea in the financing with a deal team led by Bay Area partner Ben Potter, with San Diego associate Evan Youngstrom and Bay Area associates Michelle Chern and Adam Zuckerman. Advice was also provided on regulatory matters by New York partner Stephen Wink; on data and technology transactions matters by Los Angeles partner Ghaith Mahmood; on intellectual property matters by Bay Area partner Gregory Sobolski; and on benefits and compensation matters by Bay Area partner Jay Metz.

 
 
Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.