Tech Company Financing Transactions
OB1 Funding Round
OMERS Ventures, Andreessen Horowitz and Bitmain joined a $5 million Series A venture round for OB1. The financing closed on 3/14/2018.
Transaction Overview
Company Name
Announced On
3/14/2018
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Series A
Investors
OMERS Ventures (Lead Investor) (James Orlando)
private investors (William Mougayar)
Proceeds Purpose
The funds will help capitalize on the explosive growth that OpenBazaar has seen as blockchain and cryptocurrencies have become mainstream.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
5003 Ethels Pond Ct.
Fairfax, VA 22030
USA
Fairfax, VA 22030
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
OB1 was founded in 2015 after a year of development on OpenBazaar by a small team in their spare time. They saw the concept of decentralized trade gain enthusiatic support in the Bitcoin community, and decided to accept venture capital funding in order to build a company and hire a development team to build OpenBazaar into something that could revolutionize ecommerce.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Brian Hoffman
Chief Operating Officer
Sam Patterson
VP - Sales
Washington Sanchez
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We do our best to report on every notable VC transaction. All VC database entries reported here are derived from a variety of public sources. The information is sourced from VentureDeal.com, an affiliated venture.
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