M&A Deal Summary

OpenSea Acquires Dharma Labs

On January 18, 2022, OpenSea acquired internet software and services company Dharma Labs for 130M USD

Acquisition Highlights
  • This is OpenSea’s 1st transaction in the Internet Software and Services sector.
  • This is OpenSea’s largest (disclosed) transaction.
  • This is OpenSea’s 1st transaction in the United States.
  • This is OpenSea’s 1st transaction in California.

M&A Deal Summary
Date 2022-01-18
Target Dharma Labs
Sector Internet Software and Services
Buyer(s) OpenSea
Deal Type Add-on Acquisition
Deal Value 130M USD

Target

Dharma Labs

San Francisco, California, United States
website
Dharma Labs is a place to borrow and lend cryptocurrencies. Dharma's system of smart contracts enables any two Internet-connected parties in the world to engage in a peer-to-peer loan without having to trust or know their counter-party. Dharma Labs was formed in 2017 and is headquartered in San Francisco, California.

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Buyer(S) 1

Buyer

OpenSea

New York, New York, United States

website

Category Company
Founded 2017
Sector Internet Software and Services
DESCRIPTION

OpenSea is a peer-to-peer marketplace for cryptogoods which includes collectibles, gaming items, and other virtual goods backed by a blockchain. On OpenSea, anyone can buy or sell these items through a smart contract. OpenSea was formed in 2017 and is headquartered in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
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