About Opendorse
Opendorse is a company based in Lincoln (United States) founded in 2013 by Adi Kunalic and Blake Lawrence.. Opendorse has raised $50.95 million across 11 funding rounds from investors including Flyover Capital, Serra Ventures and Advantage Capital. The company has 96 employees as of December 31, 2022. Opendorse offers products and services including NIL Marketplace, Endorsement Services, and Athlete Exploration. Opendorse operates in a competitive market with competitors including BitStar, Learfield Communications, Influential, CreatorIQ and Adly, among others.
- Headquarter Lincoln, United States
- Employees 96 as on 31 Dec, 2022
- Founders Adi Kunalic, Blake Lawrence
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Sectors
Media & EntertainmentTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Opendorse, 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
$50.95 M (USD)
in 11 rounds
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Latest Funding Round
$20 M (USD), Series B
Dec 05, 2022
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Investors
Flyover Capital
& 11 more
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Employee Count
96
as on Dec 31, 2022
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Products & Services of Opendorse
Opendorse offers a comprehensive portfolio of products and services, including NIL Marketplace, Endorsement Services, and Athlete Exploration. 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.
Online system for NIL deals and athlete services
Platform for shoutouts, autographs, and appearances
Tool for viewing teams and athletes profiles
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Funding Insights of Opendorse
Opendorse has successfully raised a total of $50.95M across 11 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in December 2022. 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 11
- Last Round Series B — $20.0M
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First Round
First Round
(01 Jun 2013)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series B - Opendorse | Valuation | Advantage Capital | |
| Aug, 2022 | Amount | Series B - Opendorse | Valuation |
investors |
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| Feb, 2022 | Amount | Debt – Conventional - Opendorse | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Opendorse
Opendorse has secured backing from 12 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Flyover Capital, Serra Ventures and Advantage Capital. 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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Stage agnostic venture capital firm backed by fund of funds
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Founded Year | Domain | Location | |
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Venture capital fund focused on Agtech and multiple sectors
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Founded Year | Domain | Location | |
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Private equity investment firm
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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 Opendorse
| 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 - Opendorse
| 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 |
Opendorse Comparisons
Competitors of Opendorse
Opendorse 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 BitStar, Learfield Communications, Influential, CreatorIQ and Adly, 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 |
BitStar is engaged in supporting creators and businesses with influencer marketing and content production.
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| domain | founded_year | HQ Location |
Multimedia rights and marketing solutions for collegiate sports are managed.
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| domain | founded_year | HQ Location |
Influencer marketing platform is provided for social media content monetization.
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| domain | founded_year | HQ Location |
Influencer marketing platform for enterprises
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| domain | founded_year | HQ Location |
Brands are matched with influencers for targeted marketing campaigns.
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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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Latest news on Opendorse
Frequently Asked Questions about Opendorse
When was Opendorse founded?
Opendorse was founded in 2013.
Where is Opendorse located?
Opendorse is headquartered in Lincoln, United States. It is registered at Lincoln, Nebraska, United States.
Who is the current CEO of Opendorse?
Blake Lawrence is the current CEO of Opendorse. They have also founded this company.
Is Opendorse a funded company?
Opendorse is a funded company, having raised a total of $50.95M across 11 funding rounds to date.
How many employees does Opendorse have?
As of Dec 31, 2022, the latest employee count at Opendorse is 96.
What does Opendorse do?
Influencer marketing platform for athletes. It provides users with a platform that facilitates Name, Image, and Likeness deals for athletes and connects with brands and fans. It also provides users with a platform that analyses campaign goals, target markets, and brands to find endorsers. It allows fans to request services from the favorite athletes and offers solutions such as social media posts, shoutouts, autographs, and appearances for athletes. It helps athletes understand NIL and receive hands-on assistance to build and amplify personal brands.
Who are the top competitors of Opendorse?
Opendorse's top competitors include CreatorIQ, Learfield Communications and Adly.
What products or services does Opendorse offer?
Opendorse offers NIL Marketplace, Endorsement Services, and Athlete Exploration.
Who are Opendorse's investors?
Opendorse has 12 investors. Key investors include Flyover Capital, Serra Ventures, Advantage Capital, Sean Bratches, and Will Compton.
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