OpenBazaar managing company, OB1 has announced it successfully secured $5 mln of a series A round. The round was headed by the venture capital arm of OMERS pension fund - OMERS Ventures. Among the backers Andreessen Horowitz, William Mougayar, Union Square Ventures, BlueYard Capital, Digital Currency Group there was a new investor - Bitmain.
OB1 allows individuals, living anywhere, to buy and sell as part of a truly global marketplace. We are excited about the potential represented by OpenBazaar’s decentralized peer-to-peer protocol, and are thrilled about the various implementation paths that Brian and the rest of his team are pursuing.
Managing Partner, OMERS Ventures
Our goal is to see the OpenBazaar protocol and software empower business owners and consumers alike to shift away from the corporate-controlled legacy systems and engage in ecommerce in a free, fair and independent way.