About OpenPhone
OpenPhone is a company based in San Francisco (United States) founded in 2018 by Daryna Kulya and Mahyar Raissi.. OpenPhone has raised $55.98 million across 3 funding rounds from investors including Tiger Global, Craft Ventures and Slow Ventures. OpenPhone operates in a competitive market with competitors including RingCentral, Fuze, Webex, Weave and Mitel, among others.
- Headquarter San Francisco, United States
- Founders Daryna Kulya, Mahyar Raissi
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Openphone Technologies, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$55.98 M (USD)
in 3 rounds
-
Latest Funding Round
$40 M (USD), Series B
Apr 07, 2022
-
Investors
Tiger Global
& 13 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Funding Insights of OpenPhone
OpenPhone has successfully raised a total of $55.98M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $40 million completed in April 2022. 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 3
- Last Round Series B — $40.0M
-
First Round
First Round
(06 Jul 2018)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series B - OpenPhone | Valuation | Tiger Global Management | |
| Nov, 2020 | Amount | Series A - OpenPhone | Valuation | Craft Ventures | |
| Jul, 2018 | Amount | Seed - OpenPhone | Valuation | Slow Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in OpenPhone
OpenPhone has secured backing from 14 investors, including venture fund and angel investors. Prominent investors backing the company include Tiger Global, Craft Ventures and Slow Ventures. 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 |
|---|---|---|---|---|
|
Venture and private equity investments are managed with global diversification.
|
Founded Year | Domain | Location | |
|
Venture capital fund focused on SaaS and consumer sectors
|
Founded Year | Domain | Location | |
|
Early-stage tech investments are made primarily in US companies.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by OpenPhone
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - OpenPhone
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Openphone Comparisons
Competitors of OpenPhone
OpenPhone 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 RingCentral, Fuze, Webex, Weave and Mitel, 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 |
Cloud-based unified communication solutions are offered to diverse sectors.
|
|
| domain | founded_year | HQ Location |
Fuze, under 8x8, Inc., is recognized for providing cloud-based communication and customer experience solutions.
|
|
| domain | founded_year | HQ Location |
Solutions for virtual meetings and training sessions are provided.
|
|
| domain | founded_year | HQ Location |
Omnichannel software is delivered for customer engagement in healthcare businesses.
|
|
| domain | founded_year | HQ Location |
Unified communication platforms are managed via cloud-based systems.
|
|
| domain | founded_year | HQ Location |
Cloud-based employee communication platform is provided for internal collaboration.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about OpenPhone
When was OpenPhone founded?
OpenPhone was founded in 2018.
Where is OpenPhone located?
OpenPhone is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of OpenPhone?
Mahyar Raissi is the current CEO of OpenPhone. They have also founded this company.
Is OpenPhone a funded company?
OpenPhone is a funded company, having raised a total of $55.98M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.98M, raised on Jul 06, 2018.
What does OpenPhone do?
OpenPhone was founded in 2018 and is headquartered in San Francisco, United States. The company operates in the telecommunications software sector, delivering a cloud-based platform for virtual phone systems. Services include management of contact information, call transferring, group messaging, call recording, and team collaboration tools. Additional features encompass address books, notes, and device synchronization. Access is provided through a subscription-based pricing model.
Who are the top competitors of OpenPhone?
OpenPhone's top competitors include Webex, Bandwidth and RingCentral.
Who are OpenPhone's investors?
OpenPhone has 14 investors. Key investors include Tiger Global, Craft Ventures, Slow Ventures, Garage Capital, and Worklife.