VC Deal of the Day – OpenBazaar Raises $3M

Note from the CEO: Whew! When I first saw this story on OpenBazaar I shuddered cause I thought it said OpenWide like my dentist says (not fun). But I was wrong. Another startup got funding from some very high profile VC’s. We just wrote a piece a few days ago about these same VC’s funding Olaf’s Polychain Capital (cryptocurrency trading). These VC’s seem to have some cash to spend, or maybe THEY are Santa.

OpenBazar, a blockchain startup described as a cross between Silkroad and eBay just raised $3M in new funding from BlueYard, Union Square Ventures and Andreessen Horowitz. Congratulations and read the details on this exciting new firm.

“The company behind decentralized marketplace OpenBazaar, OB1, has raised $3 million in new funding from BlueYard, Union Square Ventures, and Andreessen Horowitz. This adds to their ability to build of a new online marketplace that removes third parties from both payment and structure… a kind of Silkroad meets eBay on the real web, which is completely free to use, permissionless, open source, and no one can impose restrictions on what can be sold…….

OB1 previously raised a $1 million seed round from Union Square Ventures, Andreessen Horowitz and angel investor William Mougayar in May of 2015 in order to build and launch OpenBazaar, a completely decentralized marketplace that allows anyone in the world to buy and sell anything to anyone else, anywhere, for free.”

Source: The-blockchain