About OpenInvest
OpenInvest is a Technology company based in San Francisco (United States) founded in 2015 by Phillip Wei and Josh Levin, and was acquired by JPMorgan Chase in June 2021. Performance reporting and portfolio tools for impact investments are provided. OpenInvest has raised $24.33 million across 4 funding rounds from investors including ABN AMRO, JPMorgan Chase and Resolute Investment Managers. Its focus areas include FinTech, Investment Tech, Wealth Management Platforms and Robo Advisors. Its competitors include Giraffe, Defiance ETFs and Allio Finance; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Headquarters San Francisco, United States
- Founders Phillip Wei, Josh Levin
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website openinvest.com
- Social LinkedIn X Facebook
- Acquired by JPMorgan Chase (Jun 2021)
- Total Equity Funding$24.33M (USD)
in 4 rounds
- Latest Funding Round$10.57M (USD), Series A
Feb 2020
- InvestorsABN AMRO
& 9 more
- Acquired byJPMorgan Chase
(Jun 2021)
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 $24.33M
- Total Rounds 4
- Last Round Series A — $10.57M
- First Round $3.25M
(Apr 2017)
- Investors Count 9
All 4 funding rounds of OpenInvest with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2020 | $10.57M | Series A | – | QED Investors | |
| Jul 2018 | $10.45M | Series A | – | QED Investors, a16z | |
| Jul 2017 | $50,000 | Seed | – | SV2 | – |
| Apr 2017 | $3.25M | Seed | – | a16z |
10 investors in total: 10 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund investing in early-stage start-ups | qedinvestors.com | Alexandria, United States | ||
Early-stage climate tech founders are backed by Systemiq Capital. | systemiqcapital.earth | London, United Kingdom | ||
Venture capital investments in technology sectors are handled by Andreessen Horowitz. | a16z.com | |||
Early-stage impact-driven fintech and healthcare startups are accelerated. | wireframevc.com | San Francisco, United States | ||
Venture capital investing and portfolio management services for accredited investors. | av.vc | |||
Early-stage startups are invested in by sector-agnostic VC firm. | abstractvc.com | San Francisco, United States | ||
Funds investment management is handled via a dedicated platform. | 1986 | resolutemanagers.com | Irving, United States | |
ABN AMRO is recognized as a personal bank in the digital era. | 1991 | abnamro.com | Amsterdam, Netherlands | |
Community for grantmaking, impact investing, and immersive learning to support social ventures. | 1998 | sv2.org | Redwood City, United States | |
Financial services are provided to consumers and corporations worldwide. | 2000 | jpmorganchase.com | New York, United States |
Investor details for OpenInvest
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of OpenInvest
863 people are tracked at OpenInvest (565 in leadership, 12 in board & advisors, 286 in team).
| Name | Role | Group |
|---|---|---|
Phillip Wei | Co-Founder | Leadership |
Josh Levin | Co-Founder | Leadership |
Jill Centella | Head, Litigation | Leadership |
Jyotirmoy Pathak | Vp, Data Science Lead | Leadership |
Harmeet Kour | Vice President Of Product Management | Leadership |
Sydnie Spector | Vice President, Product Manager, Jpmorgan Wealth Management | Leadership |
Damien McShane | Executive Director | Senior Country Counsel - Ireland | Leadership |
Kate Ayshi | Vice President, Infrastructure Support - Process Management | Leadership |
Kittu Mishra | Vp, Product | Leadership |
William Dsouza | Assistant Vice President | Leadership |
Khaled Chawich | Vice President Commercial Banker | Leadership |
Madhusudhan Nandigala | Executive Director: Data State Intelligence: CCB | Leadership |
Bruna Vergueiro | Latam Product Delivery Payments Head | Leadership |
Joseph Smurro | Vp, SPG Finance | Leadership |
Noel Dias | Product Director | Leadership |
Andrea Teska | Executive Director -market Director Banking | Leadership |
Lexa Losey | Vice President Communications | Leadership |
Yuanye Stukus | VP | Leadership |
Prathiba Venkatesan | Managing Director, Product | Leadership |
Rodrigo Fernandes | Executive Director, Head Of Retail Growth Product, Consumer Bank | Leadership |
843 more people are available in the full profile.
Complete people profiles for OpenInvest
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of OpenInvest
4 dated milestones of OpenInvest across 6 years, from founding to its latest funding, stage changes and deals.
- Founded OpenInvest is founded.
- Funding First funding round of $3.2M.
- Funding Latest funding round, Series A, of $10.6M.
- Exit Acquired by JPMorgan Chase.
Competitors of OpenInvest
OpenInvest has 3 listed competitors in our database, 1 of them funded. They include Giraffe, Defiance ETFs and Allio Finance.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| giraffe.us | 2021 | New York, United States | $10.5M | Personalized impact index investing and financial education are provided online. | ||
| defianceetfs.com | 2018 | New York, United States | Online investment platform for ETFs based on disruptive innovations | |||
| alliofinance.com | 2020 | Seattle, United States | Offers macro-investing strategies with AI for optimized portfolio management. |
Detailed competitors of OpenInvest
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Top companies in Investment & Financial Technology
3 companies that operate in the same segment as OpenInvest (Investment & Financial Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.58 B | USD 2.98 B | 4,841 | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | 602 |
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Related news about Openinvest
Complete news archive for OpenInvest
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Frequently Asked Questions about OpenInvest
OpenInvest was founded in 2015 and raised its 1st funding round 2 years after it was founded.
OpenInvest is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
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 $3.25M, raised on Apr 2017.
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.
OpenInvest's top competitors include Defiance ETFs, Giraffe and Allio Finance.
OpenInvest has 10 investors. Key investors include ABN AMRO, JPMorgan Chase, Resolute Investment Managers, QED Investors, and Systemiq Capital.
Yes. OpenInvest was acquired by JPMorgan Chase in June 2021.