About Open Gallery
Open Gallery is a company based in Seoul (South Korea) founded in 2014. It operates as a Subscription Services, and Direct-to-Consumer (D2C). Open Gallery has raised $5.76 million across 3 funding rounds from investors including Naver, LB Investment and KIAMCO. Open Gallery offers products and services including Art Rental, Art Goods, and Art-Tech Investment.
- Headquarter Seoul, South Korea
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Open Gallery, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.76 M (USD)
in 3 rounds
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Latest Funding Round
$3.76 M (USD), Series A
Jan 17, 2018
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Investors
Naver
& 3 more
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Employee Count
Employee Count
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Products & Services of Open Gallery
Open Gallery offers a comprehensive portfolio of products and services, including Art Rental, Art Goods, and Art-Tech Investment. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Artworks are rented for personal and corporate spaces.
Art-inspired products are offered for unique personal use.
Investment in artworks is facilitated for potential returns.
Funding Insights of Open Gallery
Open Gallery has successfully raised a total of $5.76M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $3.76 million completed in January 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $3.8M
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First Round
First Round
(01 Sep 2015)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2018 | Amount | Series A - Open Gallery | Valuation | KIAMCO , IBK Capital |
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| Jan, 2017 | Amount | Seed - Open Gallery | Valuation | Naver |
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| Sep, 2015 | Amount | Seed - Open Gallery | Valuation | LB Investment |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Open Gallery
Open Gallery has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Naver, LB Investment and KIAMCO. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Growth-stage private equity investments are targeted across multiple sectors.
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Founded Year | Domain | Location | |
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Investment banking and corporate advisory services are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Open Gallery
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Open Gallery
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Open Gallery Comparisons
Competitors of Open Gallery
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Open Gallery
When was Open Gallery founded?
Open Gallery was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Open Gallery located?
Open Gallery is headquartered in Seoul, South Korea.
Is Open Gallery a funded company?
Open Gallery is a funded company, having raised a total of $5.76M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Sep 01, 2015.
What does Open Gallery do?
Art rental services are offered by Open Gallery, connecting domestic artists with art enthusiasts in South Korea. Original artworks are made accessible for personal and corporate spaces through a subscription model. Various sectors including home decor, corporate environments, and art investment are served. Solutions such as curated recommendations, installation services, and art-tech investment opportunities are provided. Additionally, art goods inspired by original works are sold directly to consumers. Cultural experiences through exhibitions, art lectures, and artist interactions are facilitated for a broader audience.
What products or services does Open Gallery offer?
Open Gallery offers Art Rental, Art Goods, and Art-Tech Investment.
Who are Open Gallery's investors?
Open Gallery has 4 investors. Key investors include Naver, LB Investment, KIAMCO, and IBK Capital.