Origin Protocol Raises $28.5M in Funding

Origin Protocol, a San Francisco, CA-based startup that is building the infrastructure for a new decentralized sharing economy, closed a $28.5m strategic funding round.

Backers included:
• Foundation Capital,
• Garry Tan,
• Alexis Ohanian,
• Gil Penchina,
• Kamal Ravikant,
• Steve Jang,
• Randall Kaplan,
• BlockTower Capital,
• Turing Capital,
• 1kx fund,
• FBG,
• Danhua Capital,
• Continue Capital,
• PreAngel Fund,
• Hashed,
• Smart Contract Japan,
• Red Robot,
• Kenetic Capital,
• BlockAsset,
• Spartan Group,
• Iconic,
• Beyond Blocks,
• KBW Ventures.

The company intends to use the funds to continue to expand its development efforts.

Launched in June of 2017 by Matthew Liu, Origin Protocol allows developers and businesses to build decentralized marketplaces directly on the blockchain by creating and managing listings for the fractional usage of assets and services.
Buyers and sellers can discover each other, browse listings, make bookings, leave ratings and reviews, and more.
The company already has an existing prototype of their platform and has stated they will be releasing their public beta in the coming months.

Origin Protocol raised an initial $3 million advisor round led by Pantera Capital in 2017.



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