About OpenEnvoy
OpenEnvoy is a company based in Las Vegas (United States) founded in 2020 by Parker Moore and Matthew Tillman. OpenEnvoy has raised $21.5 million across 2 funding rounds from investors including FireBolt, RRE Ventures and Coelius Capital. OpenEnvoy offers products and services including OpenEnvoy Platform, Autonomous AP, Autonomous AR, and Freight Audit. OpenEnvoy operates in a competitive market with competitors including FiscalNote, Wolters Kluwer, Eqs, Behavox and Duco, among others.
- Headquarter Las Vegas, United States
- Founders Parker Moore, Matthew Tillman
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Sectors
Financial ServicesTechnology
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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
$21.5 M (USD)
in 2 rounds
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Latest Funding Round
$15 M (USD), Series A
May 03, 2023
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Investors
FireBolt
& 8 more
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Employee Count
Not available
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Products & Services of OpenEnvoy
OpenEnvoy offers a comprehensive portfolio of products and services, including OpenEnvoy Platform, Autonomous AP, Autonomous AR, and Freight Audit.
AI platform for automating AP and AR processes
Tool to capture, code, and match invoices in real time
Automates cash application and order entry workflows
Identifies fraud and duplicates in freight payments
People of OpenEnvoy
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Funding Insights of OpenEnvoy
OpenEnvoy has successfully raised a total of $21.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in May 2023. 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 OpenEnvoy
OpenEnvoy has secured backing from 9 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include FireBolt, RRE Ventures and Coelius Capital.
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VC firm investing in seed and early stage companies in the US
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Micro-venture capital fund investing in tech startups
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Investments are made by Riot in early-stage hardware tech startups.
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Investor details for OpenEnvoy
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Investments & Acquisitions by OpenEnvoy
Investment portfolio details for OpenEnvoy
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Financial Statements - OpenEnvoy
Detailed financials for OpenEnvoy
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Openenvoy Comparisons
Peer comparison for OpenEnvoy
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Competitors of OpenEnvoy
OpenEnvoy 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 FiscalNote, Wolters Kluwer, Eqs, Behavox and Duco, among others.
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AI-driven legal, regulatory, and policy data analysis is delivered.
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Enterprise legal processes are managed via an AI-powered platform.
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Compliance workflows for businesses are streamlined by Eq s platform.
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AI-driven compliance and risk management solutions are provided for enterprises.
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SAAS reconciliation solutions are delivered for financial services firms.
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Cloud-based compliance management solution provider
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Detailed competitors of OpenEnvoy
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Latest news on Openenvoy
Complete news archive for OpenEnvoy
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Frequently Asked Questions about OpenEnvoy
OpenEnvoy was founded in 2020 and raised its 1st funding round 1 year after it was founded.
OpenEnvoy is headquartered in Las Vegas, United States. It is registered at Las Vegas, Nevada, United States.
Matthew Tillman is the current CEO of OpenEnvoy. They have also founded this company.
OpenEnvoy is a funded company, having raised a total of $21.5M across 2 funding rounds to date.
OpenEnvoy was founded in 2020 and is headquartered in Las Vegas, United States. A cloud-based platform is operated to address fraud detection in accounts payable for businesses. Invoice auditing, contract validation, and discrepancy identification are facilitated through AI-driven tools. Real-time analytics for spend insights and savings tracking are provided, alongside vendor and supplier network management services in the fintech sector.
OpenEnvoy's top competitors include Behavox, Wolters Kluwer and Secureframe.
OpenEnvoy offers OpenEnvoy Platform, Autonomous AP, Autonomous AR, and Freight Audit.
OpenEnvoy has 9 investors. Key investors include FireBolt, RRE Ventures, Coelius Capital, Riot Ventures, and Uncorrelated Ventures.