About OpenFrame
OpenFrame is a company based in Boston (United States).. OpenFrame has raised $7.98 million across 2 funding rounds from investors including Techstars. OpenFrame has completed 1 acquisition, including Giroptic. OpenFrame operates in a competitive market with competitors including Realync, Inspace Stack, YouVisit, InsideMaps and VRagments, among others.
- Headquarter Boston, United States
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Sectors
Real Estate & Construction
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Email
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Phone
*********
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Website
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Social
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Funding Insights of OpenFrame
OpenFrame has successfully raised a total of $7.98M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.89 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 — $3.9M
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First Round
First Round
(11 Jan 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Series A - OpenFrame | Valuation |
investors |
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| Jan, 2017 | Amount | Series A - OpenFrame | Valuation |
investors |
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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 OpenFrame
OpenFrame has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Techstars. 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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Startups are accelerated globally without sector restrictions through structured programs.
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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 OpenFrame
OpenFrame has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Giroptic. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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360-degree cameras and imaging solutions are developed and provided.
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - OpenFrame
| 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 |
Openframe Comparisons
Competitors of OpenFrame
OpenFrame 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 Realync, Inspace Stack, YouVisit, InsideMaps and VRagments, 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 |
SaaS virtual tour software is delivered to real estate professionals.
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| domain | founded_year | HQ Location |
SaaS virtual tour software is delivered to real estate professionals.
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| domain | founded_year | HQ Location |
Platform to create panoramic tours, 360-degree video distribution platform as well as custom VR content development services
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| domain | founded_year | HQ Location |
Photorealistic 3D home models are created via mobile device cameras.
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| domain | founded_year | HQ Location |
VR studio that develops 3D content
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| domain | founded_year | HQ Location |
Architectural plans are converted into interactive 3D walkthroughs via AI.
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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 OpenFrame
Where is OpenFrame located?
OpenFrame is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is OpenFrame a funded company?
OpenFrame is a funded company, having raised a total of $7.98M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4.09M, raised on Jan 11, 2017.
What does OpenFrame do?
An online platform is operated by OpenFrame to generate virtual tours of real estate properties through 360-degree photographs captured via a camera attachment for smartphones. Integration of these tours into property advertising websites is supported. Subscription plans are offered on monthly and yearly bases, with an iOS app available for use. The company is based in Boston, United States, within the real estate technology sector.
Who are the top competitors of OpenFrame?
OpenFrame's top competitors include Realync, YouVisit and Inspace Stack.
How many acquisitions has OpenFrame made?
OpenFrame has made 1 acquisition, including Giroptic.
Who are OpenFrame's investors?
OpenFrame has 1 investor. Key investors include Techstars.