About Open GI
Open GI is a company based in Worcester (United Kingdom) founded in 1979 was acquired by Montagu in August 2014.. The company has 305 employees as of May 31, 2024. Open GI has completed 2 acquisitions, including HUGHUB and Transactor. Open GI operates in a competitive market with competitors including ReSource Pro, Socotra, FintechOS, EIS Group and Riskcovry, among others.
- Headquarter Worcester, United Kingdom
- Employees 305 as on 31 May, 2024
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Open G I Limited
- Date of Incorporation 30 Sep, 1980
- Jurisdiction WARNDON, WORCESTER
-
Annual Revenue
$55.65 M (USD)-2as on May 31, 2021
-
Net Profit
$15.96 M (USD)-35as on May 31, 2021
-
EBITDA
-
Latest Funding Round
$404.02 M (USD), Debt – Conventional
Feb 26, 2013
- Investors
-
Employee Count
305
as on May 31, 2024
-
Investments & Acquisitions
HUGHUB
& 1 more
-
Acquired by
Montagu
(Aug 18, 2014)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Funding Insights of Open GI
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $404.0M
-
First Round
First Round
(26 Feb 2013)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2013 | Amount | Debt – Conventional - Open GI | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Open GI
Open GI has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Montagu Private Equity. 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 |
|---|---|---|---|---|
|
Montagu Private Equity is engaged in mid-market business investments.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Open GI
Open GI has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include HUGHUB and Transactor. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Cloud-based insurance product development solutions for insurance agents, insurers, and insurance retailers
|
2016 | ||||
|
Configurable insurance software is supplied to brokers, insurers, and MGAs.
|
2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Open GI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Open Gi Comparisons
Competitors of Open GI
Open GI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ReSource Pro, Socotra, FintechOS, EIS Group and Riskcovry, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Insurance policy and claim management solutions for the insurance industry
|
|
| domain | founded_year | HQ Location |
Cloud-based solutions for insurance policy management and underwriting are offered.
|
|
| domain | founded_year | HQ Location |
AI-based software suite is provided for banking and insurance sectors.
|
|
| domain | founded_year | HQ Location |
Cloud-based policy management and underwriting solutions for insurance are provided.
|
|
| domain | founded_year | HQ Location |
A platform for digital insurance distribution and management is provided.
|
|
| domain | founded_year | HQ Location |
Cloud-based software solutions for credit insurers, surety bonds & trade finance
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Open Gi
Frequently Asked Questions about Open GI
When was Open GI founded?
Open GI was founded in 1979 and raised its 1st funding round 34 years after it was founded.
Where is Open GI located?
Open GI is headquartered in Worcester, United Kingdom. It is registered at Worcester, Worcestershire, United Kingdom.
Who is the current CEO of Open GI?
Simon Badley is the current CEO of Open GI.
How many employees does Open GI have?
As of May 31, 2024, the latest employee count at Open GI is 305.
What is the annual revenue of Open GI?
Annual revenue of Open GI is $55.65M as on May 31, 2021.
What does Open GI do?
Open GI was founded in 1979 and is headquartered in Worcester, United Kingdom. Software solutions are offered for the insurance sector, including policy administration, accounting systems, and FCA-compliant underwriting platforms. Services are extended to insurers, managing general agents, and brokers across personal and commercial lines. The company operates as part of the Open International Group, focusing on distribution channels in the UK market.
Who are the top competitors of Open GI?
How many acquisitions has Open GI made?
Open GI has made 2 acquisitions, including HUGHUB, and Transactor.
Who are Open GI's investors?
Open GI has 1 investor. Key investors include Montagu Private Equity.