About OpenChannel
OpenChannel is a company based in Toronto (Canada) founded in 2013 was acquired by Stripe in December 2021.. OpenChannel operates in a competitive market with competitors including Appolicious, Appstores.com, Appland, AppGalleries and Infindo, among others.
- Headquarter Toronto, Canada
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Sectors
Technology
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Phone
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Website
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Social
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Funding Insights of OpenChannel
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2016 | Amount | Seed - OpenChannel | Valuation | Alchemist Accelerator |
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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 OpenChannel
OpenChannel has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Stripe and Alchemist Accelerator. 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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Enterprise startups are accelerated via a 6-month program.
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Founded Year | Domain | Location | |
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Payment processing and card issuance solutions are provided for businesses.
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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 OpenChannel
| 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 - OpenChannel
| 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 |
Openchannel Comparisons
Competitors of OpenChannel
OpenChannel 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 Appolicious, Appstores.com, Appland, AppGalleries and Infindo, 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 |
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| domain | founded_year | HQ Location |
White-label app discovery platform is provided for custom app stores.
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White label appstores
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| domain | founded_year | HQ Location |
White label app store and app distribution platform
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| domain | founded_year | HQ Location |
White label app market and review software platform
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| domain | founded_year | HQ Location |
A white label app store for mobile carriers is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 OpenChannel
When was OpenChannel founded?
OpenChannel was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Where is OpenChannel located?
OpenChannel is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
What does OpenChannel do?
OpenChannel was founded in 2013 in Toronto, Canada, as a technology company in the software sector. Marketplace-as-a-Service platforms are offered to assist with the creation, integration, and management of app stores and partner ecosystems. Tools and APIs are supplied to developers for app building, while metrics including usage, installs, ratings, and reviews are collected and tracked. Apps can be searched and discovered by users via the website.
Who are the top competitors of OpenChannel?
OpenChannel's top competitors include Appolicious, Appstores.com and Appland.
Who are OpenChannel's investors?
OpenChannel has 2 investors. Key investors include Stripe, and Alchemist Accelerator.
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