A startup that wants to be the Airbnb for your stuff raised $25 million in a cryptocurrency and cash fundraising round
Advertisement
Omni
Advertisement
- Omni, a California storage startup, raised $25 million in a fundraising round led by two cryptocurrency executives and Highland Capital Partners.
- A majority of the money raised by the firm will be in Ripple's XRP.
Two cryptocurrency executives are backing a California startup that wants to be the Airbnb of your stuff.
Omni, a company that allows people to rent out their extra stuff, landed $25 million in a fundraising round, the company announced Tuesday.
Ripple's Chris Larsen and Stefan Thomas led the fundraise, contributing the majority of the amount raised, alongside Highland Capital Partners, a spokesperson told Business Insider. The two executives' contribution was made in Ripple's XRP cryptocurrency.
Advertisement
Ripple itself did not participate in the fundraise, but the financial technology company plans to serve as a strategic partner to Omni.
EXCLUSIVE FREE REPORT:The Bitcoin 101 Report by the BI Intelligence Research Team.
Get the Report Now »
Next StoryAdvertisement
Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
India not benefiting from democratic dividend; young have a Kohli mentality, says Raghuram Rajan
Indo-Gangetic Plains, home to half the Indian population, to soon become hotspot of extreme climate events: study
7 Vegetables you shouldn’t peel before eating to get the most nutrients
Gut check: 10 High-fiber foods to add to your diet to support digestive balance
10 Foods that can harm Your bone and joint health
6 Lesser-known places to visit near Mussoorie
