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.