About OpenMarkets
OpenMarkets is a company based in Melbourne (Australia) founded in 2012 was acquired by TradeFloor in May 2020.. OpenMarkets has raised $1.94 million across 1 funding round from investors including CapitalPitch and TradeFloor. OpenMarkets operates in a competitive market with competitors including Interactive Brokers, Tiger Brokers, Syfe, Self Wealth and Nabtrade, among others.
- Headquarter Melbourne, Australia
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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
$1.94 M (USD)
in 1 rounds
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Latest Funding Round
$1.94 M (USD), Series A
Jun 01, 2016
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Investors
CapitalPitch
& 1 more
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Employee Count
Employee Count
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Acquired by
TradeFloor
(May 18, 2020)
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Funding Insights of OpenMarkets
OpenMarkets has successfully raised a total of $1.94M through 1 strategic funding round. The most recent funding activity was a Series A round of $1.94 million completed in June 2016. 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 1
- Last Round Series A — $1.9M
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First Round
First Round
(01 Jun 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2016 | Amount | Series A - OpenMarkets | Valuation |
investors |
| 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 OpenMarkets
OpenMarkets has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include CapitalPitch and TradeFloor. 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 supported in raising funds via a syndicate platform.
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Founded Year | Domain | Location | |
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Provides AI-driven solutions for financial advising, risk management, and trading tools.
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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 OpenMarkets
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - OpenMarkets
| 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 |
Openmarkets Comparisons
Competitors of OpenMarkets
OpenMarkets 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 Interactive Brokers, Tiger Brokers, Syfe, Self Wealth and Nabtrade, 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 |
Provider of online brokerage services and trading platforms
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| domain | founded_year | HQ Location |
Online trading of stocks, securities, and options is enabled.
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| domain | founded_year | HQ Location |
ETFs and stocks are traded via an app-based platform.
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| domain | founded_year | HQ Location |
Flat-fee brokerage for Australian exchange-listed products is provided.
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| domain | founded_year | HQ Location |
Platform for share trading, enabling investors to buy and sell securities.
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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 Openmarkets
Frequently Asked Questions about OpenMarkets
When was OpenMarkets founded?
OpenMarkets was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Where is OpenMarkets located?
OpenMarkets is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
Is OpenMarkets a funded company?
OpenMarkets is a funded company, having raised a total of $1.94M across 1 funding round to date. The company's 1st funding round was a Series A of $1.94M, raised on Jun 01, 2016.
What does OpenMarkets do?
OpenMarkets was founded in 2012 in Melbourne, Australia, as an online stockbroker. Web and desktop trading platforms are operated using Paritech backend software, serving professional traders, advisers, intermediaries, and financial institutions. Individual trader assets are not pooled, unlike traditional brokers. Third-party software integration is enabled. Trading in ETFs, warrants, and exchange-traded bonds is supported within the financial services sector.
Who are the top competitors of OpenMarkets?
OpenMarkets's top competitors include Tiger Brokers, Interactive Brokers and Syfe.
Who are OpenMarkets's investors?
OpenMarkets has 2 investors. Key investors include CapitalPitch, and TradeFloor.
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