About Openbay
Openbay is a company based in Cambridge (United States) founded in 2012. Openbay has raised $8 million across 2 funding rounds from investors including Shell, Stage 1 Ventures and Google Ventures. Openbay operates in a competitive market with competitors including YourMechanic, RepairPal, Yoshi, Wrench and Endurance, among others.
- Headquarter Cambridge, United States
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Sectors
Transportation, Automotive & LogisticsBusiness Services
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Email
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$8 M (USD)
in 2 rounds
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Latest Funding Round
$8 M (USD), Series A
Jun 25, 2018
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Investors
Shell
& 3 more
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Employee Count
Not available
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People of Openbay
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Funding Insights of Openbay
Openbay has successfully raised a total of $8M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $8 million completed in June 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.
Investors in Openbay
Openbay has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Shell, Stage 1 Ventures and Google Ventures.
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Early-stage US companies are invested in by Stage 1 Ventures.
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Corporate backed venture capital fund investing in multiple sectors
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Investor details for Openbay
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Investments & Acquisitions by Openbay
Investment portfolio details for Openbay
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Financial Statements - Openbay
Detailed financials for Openbay
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Openbay Comparisons
Peer comparison for Openbay
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Competitors of Openbay
Openbay 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 YourMechanic, RepairPal, Yoshi, Wrench and Endurance, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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On-demand vehicle maintenance and repairs are provided via mobile platform.
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Auto repair estimates and vetted mechanic directories are offered online.
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Mobile vehicle inspection and maintenance solutions are provided to fleets.
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On-demand auto repair services are booked via a mobile app.
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Vehicle coverage plans are provided by Endurance for automotive protection.
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Detailed competitors of Openbay
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Latest news on Openbay
Complete news archive for Openbay
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Frequently Asked Questions about Openbay
Openbay was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Openbay is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Openbay is a funded company, having raised a total of $8M across 2 funding rounds to date.
Openbay was founded in 2012 and is headquartered in Cambridge, United States. The company operates in the automotive repair and maintenance sector as an app-based aggregator. Quotes for vehicle services are obtained by users, offers from garages are compared, appointments are scheduled with providers, and payments are processed online. The platform is accessible through iOS and Android applications.
Openbay has 4 investors. Key investors include Shell, Stage 1 Ventures, Google Ventures, and Andreessen Horowitz.