About OpenInvest
OpenInvest is a company based in San Francisco (United States) founded in 2015 by Phillip Wei and Josh Levin was acquired by JPMorgan Chase in June 2021.. OpenInvest has raised $24.33 million across 4 funding rounds from investors including ABN AMRO, JPMorgan Chase and Resolute Investment Managers. OpenInvest operates in a competitive market with competitors including Giraffe, Defiance ETFs, Allio Finance, Impact Investors and Impact Labs, among others.
- Headquarter San Francisco, United States
- Founders Phillip Wei, Josh Levin
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Sectors
Technology
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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
$24.33 M (USD)
in 4 rounds
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Latest Funding Round
$10.57 M (USD), Series A
Feb 05, 2020
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Investors
ABN AMRO
& 9 more
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Employee Count
Employee Count
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Acquired by
JPMorgan Chase
(Jun 29, 2021)
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Leadership Team
228 people
Software Development Team
152 people
Product Management Team
147 people
Sales and Marketing
73 people
Finance and Accounting
34 people
Data Analysis and Operations Team
29 people
Creative and Marketing Team
27 people
Operations Team
22 people
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Funding Insights of OpenInvest
OpenInvest has successfully raised a total of $24.33M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $10.57 million completed in February 2020. 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 4
- Last Round Series A — $10.6M
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First Round
First Round
(03 Apr 2017)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Series A - OpenInvest | Valuation | QED Investors | |
| Jul, 2018 | Amount | Series A - OpenInvest | Valuation | QED Investors , a16z | |
| Jul, 2017 | Amount | Seed - OpenInvest | Valuation | SV2 |
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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 OpenInvest
OpenInvest has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include ABN AMRO, JPMorgan Chase and Resolute Investment Managers. 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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Venture capital fund investing in early-stage start-ups
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Founded Year | Domain | Location | |
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Early-stage climate tech founders are backed by Systemiq Capital.
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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 OpenInvest
| 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 - OpenInvest
| 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 |
Openinvest Comparisons
Competitors of OpenInvest
OpenInvest 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 Giraffe, Defiance ETFs, Allio Finance, Impact Investors and Impact Labs, 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 |
Personalized impact index investing and financial education are provided online.
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| domain | founded_year | HQ Location |
Online investment platform for ETFs based on disruptive innovations
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| domain | founded_year | HQ Location |
Offers macro-investing strategies with AI for optimized portfolio management.
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| domain | founded_year | HQ Location |
Specializes in wealth management and impact investing advisory services.
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| domain | founded_year | HQ Location |
Provides software for ESG investing, direct indexing, and tax-optimized portfolios.
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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 Openinvest
Frequently Asked Questions about OpenInvest
When was OpenInvest founded?
OpenInvest was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is OpenInvest located?
OpenInvest is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is OpenInvest a funded company?
OpenInvest is a funded company, having raised a total of $24.33M across 4 funding rounds to date. The company's 1st funding round was a Seed of $50K, raised on Apr 03, 2017.
What does OpenInvest do?
OpenInvest was founded in 2015 in San Francisco, United States, within the impact investing sector. Solutions for performance reporting and portfolio management are offered, including tools for profiling investments based on environmental, social, and governance factors. Portfolio customization, tax management, and impact reporting functionalities are also provided to support investors in the United States.
Who are the top competitors of OpenInvest?
OpenInvest's top competitors include Defiance ETFs, Giraffe and Allio Finance.
Who are OpenInvest's investors?
OpenInvest has 10 investors. Key investors include ABN AMRO, JPMorgan Chase, Resolute Investment Managers, QED Investors, and Systemiq Capital.
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