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A startup that wants to be the Airbnb for your stuff raised $25 million in a cryptocurrency and cash fundraising round

Jan 17, 2018, 02:30 IST

Omni

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  • 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.

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Ripple itself did not participate in the fundraise, but the financial technology company plans to serve as a strategic partner to Omni.

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