Total amount raised
$11 Millions
Latest funding date
03/01/2022
Location
Blur has successfully raised funding through various rounds, with its most recent Seed round closing on March 28, 2022. The platform is an NFT marketplace designed for professional traders, emphasizing speed and efficiency in executing trades.
Blur is backed by notable investors such as Andy Chorlian and hype.eth, along with partnerships with entities like Paradigm and Zeneca. Keep reading to explore the intricacies of Blur's fundraising journey and the investors backing this innovative platform.
What Is Blur?
Blur, founded on October 19, 2019, is a private company headquartered in San Francisco, California. Operating within the blockchain and cryptocurrency industries, Blur aims to elevate the NFT space to an institutional-grade level while promoting decentralization.
With a team of 11-50 employees, Blur offers an NFT marketplace designed for professional traders. The platform is known for its fast trade execution, zero marketplace fees, and advanced portfolio management tools, making it a preferred choice for serious traders.
How Much Funding Has Blur Raised?
- Seed Round
- Amount Raised: $11M
- Date: March 2022
- Lead Investors: Paradigm
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build the best NFT marketplace for professional traders, addressing the shortcomings of current NFT marketplaces and moving towards institutional-grade decentralization.
Total Amount Raised: $11M. Current Valuation: Not publicly disclosed.
Key Investors
- Paradigm
- Details: Paradigm is a leading investment firm known for its focus on cryptocurrency and blockchain technology investments. They led the $11 million seed funding round for Blur.
- Investment Focus Areas: Cryptocurrency, blockchain, decentralized technologies
- Notable Investments: Uniswap, Compound, MakerDAO
- eGirl Capital
- Details: eGirl Capital is a crypto-focused investment group known for its involvement in various blockchain projects. They are one of the notable investors in Blur.
- Investment Focus Areas: Crypto, blockchain, DeFi
- Notable Investments: Various DeFi and NFT projects
- 0xMaki
- Details: 0xMaki is a well-known personality in the DeFi community, recognized for his contributions to the space. He is among the investors backing Blur.
- Investment Focus Areas: DeFi, blockchain, crypto
- Notable Investments: SushiSwap, other DeFi projects
- Santiago Santos
- Details: Santiago Santos is a prominent investor in the crypto space, known for his strategic investments in blockchain ventures. He is one of the key investors in Blur.
- Investment Focus Areas: Crypto, blockchain, DeFi
- Notable Investments: Various DeFi and crypto projects
- Zeneca
- Details: Zeneca is an influential figure in the NFT community, recognized for his expertise and investments in the space. He is a notable investor in Blur.
- Investment Focus Areas: NFTs, blockchain, crypto
- Notable Investments: Multiple NFT projects
What's Next for Blur?
Blur stands at the cusp of significant growth, leveraging its $11 million seed funding to scale its platform and attract more professional traders. The NFT market's rapid expansion, with trading volumes reaching billions monthly, presents a substantial opportunity for Blur to capture a significant portion of this burgeoning sector.
Future fundraising opportunities appear promising, with the potential for additional venture capital rounds or strategic partnerships to support its ambitious roadmap. However, Blur will need to navigate challenges such as competition from established NFT marketplaces and ensuring its platform can handle high trading volumes while maintaining security and user satisfaction.
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