OpenBazaar is an open-source eBay

OpenBazaar is an open-source marketplace protocol that acts like a kind of decentralized eBay, connecting buyers and sellers who use bitcoin rather than, say, credit cards. The marketplace first went live last April.

With the raise, the startup is continuing to push ahead with plans to launch a new version of OpenBazaar later this year.

“OpenBazaar has seen steady growth since its launch just over a year ago,” Brian Hoffman, OB1’s chief executive, said in a statement, adding:

“The network represents important strides forward in peer-to-peer and blockchain technology and we are honored to have the kind of investment partners who also share our vision for bringing it to life.”

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