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
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Net Profit
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EBITDA
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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
Employee Count
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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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $8.0M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Series A - Openbay | Valuation | Shell | |
| Oct, 2013 | Amount | Seed - Openbay | Valuation | Google Ventures , a16z |
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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 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. 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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Early-stage US companies are invested in by Stage 1 Ventures.
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Founded Year | Domain | Location | |
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Corporate backed venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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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 Openbay
| 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 - Openbay
| 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 |
Openbay Comparisons
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. 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 |
On-demand vehicle maintenance and repairs are provided via mobile platform.
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| domain | founded_year | HQ Location |
Auto repair estimates and vetted mechanic directories are offered online.
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| domain | founded_year | HQ Location |
Mobile vehicle inspection and maintenance solutions are provided to fleets.
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| domain | founded_year | HQ Location |
On-demand auto repair services are booked via a mobile app.
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| domain | founded_year | HQ Location |
Vehicle coverage plans are provided by Endurance for automotive protection.
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| 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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Latest news on Openbay
Frequently Asked Questions about Openbay
When was Openbay founded?
Openbay was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Openbay located?
Openbay is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Is Openbay a funded company?
Openbay is a funded company, having raised a total of $8M across 2 funding rounds to date.
What does Openbay do?
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.
Who are the top competitors of Openbay?
Who are Openbay's investors?
Openbay has 4 investors. Key investors include Shell, Stage 1 Ventures, Google Ventures, and Andreessen Horowitz.
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