COMPANY PROFILE

OB1

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Allows anyone in the world to buy and sell anything to anyone else, anywhere, for free

Fairfax, United StatesFounded 2015Fintech

Valuation $50–100M Last recorded · 2019

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About OB1

OB1 was the company behind the development of OpenBazaar, a decentralized peer-to-peer marketplace. The platform allowed users to buy and sell goods and services directly with each other, without intermediaries, using cryptocurrencies like Bitcoin. This decentralized nature aimed to provide a censorship-resistant and free-trade environment, where users had full control over their own data and transactions.

The business model was centered around offering auxiliary services rather than charging fees on transactions, which were free. The company was founded in 2015 and attracted venture capital funding. However, despite the initial enthusiasm for the concept of decentralized trade, the company ceased operations and is now considered deadpooled.

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At a glance

Status: Operational
Founded: 2015
Headquarters: Fairfax, United States
Employees: 8
Open positions: None listed
Dealroom signal: 69.0/100
Industry: Fintech
Sub-industry: Payments
Sector: Fintech, Bitcoin, Open Source, Developer Tools, Peer-to-Peer, Deal Comparison, Hard Tech, DT and LS
Technology: Blockchain, Deep Tech
Business model: Marketplace & ecommerce
Client focus: b2b
Investment activity: 1 company, latest Feb 2017
Capital deployed: $1M
Preferred round: SEED
Links: Website LinkedIn X

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Funding history

5 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SERIES BOther financing	Oct 2019	$11M	$42M	Andreessen Horowitz · Union Square Ventures · OMERS Ventures	—
SERIES AOther financing	Mar 2018	$5M	$20M	Bitmain · OMERS Ventures · BlueYard Capital · Digital Currency Group	—

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Growth signals

OB1 website traffic

Latest recorded traffic for OB1 is 730 monthly website visits, up 25.9% over the last three months. OB1's team declined 11.1% over the past year.

Latest monthly visits730 3-month web change+25.9% 1-year team growth-11.1%

Monthly website visitsApr 2016–Sep 2022

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