Total amount raised
$11 Million
Latest funding date
03/01/2022
Location
Blur has successfully raised funding over two rounds, with the latest being a Seed round led by Paradigm. The platform is backed by notable investors including Paradigm, 6529, Keyboard Monkey, Zeneca, Egirl Capital, Deeze, Cozomo, and DHOF.
Blur is focused on advancing the NFT space towards institutional-grade standards while increasing decentralization. Keep reading to explore the intricacies of Blur's fundraising journey and the investors backing this innovative platform.
What Is Blur?
Blur, founded in 2022, is an NFT marketplace designed for professional traders. The company is based in San Francisco, California, and operates within the blockchain, cryptocurrency, and fintech industries. It aims to solve problems in the NFT space, moving it toward institutional-grade standards while increasing decentralization.
With a team of 11-50 employees, Blur is led by founders Andy Chorlian and Zeneca xyz. The platform offers features like faster trade execution, zero marketplace fees, and advanced analytics, making it a preferred choice for pro traders.
How Much Funding Has Blur Raised?
- Seed Round
- Amount Raised: USD 11,000,000
- Date: March 2022
- Lead Investors: Paradigm
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the development and expansion of Blur's NFT marketplace, focusing on features that cater to professional traders.
- Angel Round
- Date: September 2021
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To lay the groundwork for Blur's entry into the NFT marketplace and attract initial investors.
Total Amount Raised: USD 11,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Paradigm
- Details: Paradigm is a venture capital firm that invests in disruptive crypto/Web3 companies and protocols. They led the $11 million seed funding round for Blur.
- Investment Focus Areas: Cryptocurrency, Web3, blockchain technology, decentralized finance (DeFi), NFT platforms.
- Notable Investments: Not publicly disclosed.
- Andy Chorlian
- Details: Andy Chorlian is one of the founders of Blur and a key investor in the platform. He has a background in blockchain technology and fintech.
- Investment Focus Areas: Blockchain technology, fintech, cryptocurrency.
- Notable Investments: Not publicly disclosed.
- Zeneca xyz
- Details: Zeneca xyz is a co-founder of Blur and a significant investor. They are known for their expertise in the NFT space and blockchain technology.
- Investment Focus Areas: NFT platforms, blockchain technology, cryptocurrency.
- Notable Investments: Not publicly disclosed.
What's Next for Blur?
Blur stands at the cusp of significant growth, buoyed by an $11 million seed round led by Paradigm. This capital injection positions Blur to expand its operations, enhance its platform, and attract more professional traders. The NFT market's rapid growth and increasing interest from institutional investors present substantial opportunities for Blur to capitalize on.
Future fundraising prospects look promising, with the successful seed round paving the way for Series A and subsequent rounds. However, Blur will need to navigate challenges such as intense competition, regulatory uncertainties, and the necessity for continuous innovation to meet the demands of professional traders. Maintaining security and trust within the platform will also be crucial as they scale.
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