About OpenQ
OpenQ is a company based in Charlottesville (United States) founded in 2006 was acquired by Anju Software in April 2017.. OpenQ has raised $8 million across 2 funding rounds from investors including Harbert Management, Anju Software and Grotech Ventures. The company has 52 employees as of December 31, 2021. OpenQ operates in a competitive market with competitors including MetricStream, Octagon Research, Qualio, Envision Pharma Group and MasterControl, among others.
- Headquarter Charlottesville, United States
- Employees 52 as on 31 Dec, 2021
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Sectors
TechnologyHealthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Openq, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8 M (USD)
in 2 rounds
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Latest Funding Round
$5.5 M (USD), Series B
Jun 20, 2011
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Investors
Harbert Management
& 2 more
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Employee Count
52
as on Dec 31, 2021
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Acquired by
Anju Software
(Apr 03, 2017)
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Funding Insights of OpenQ
OpenQ has successfully raised a total of $8M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $5.5 million completed in June 2011. 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 B — $5.5M
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First Round
First Round
(10 Sep 2009)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2011 | Amount | Series B - OpenQ | Valuation | Harbert Management | |
| Sep, 2009 | Amount | Series A - OpenQ | Valuation | Grotech Ventures |
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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 OpenQ
OpenQ has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Harbert Management, Anju Software and Grotech 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 |
|---|---|---|---|---|
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Infrastructure, hedge, private equity, and debt fund focused on multiple sectors
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Founded Year | Domain | Location | |
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Early-stage US tech startups are invested in by Grotech Ventures.
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Founded Year | Domain | Location | |
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Life science software platform for pharmaceutical business applications.
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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 OpenQ
| 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 - OpenQ
| 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 |
Openq Comparisons
Competitors of OpenQ
OpenQ 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 MetricStream, Octagon Research, Qualio, Envision Pharma Group and MasterControl, 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 regulatory solutions are provided for financial institutions.
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| domain | founded_year | HQ Location |
Clinical and regulatory information management software is provided for pharmaceuticals.
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| domain | founded_year | HQ Location |
Web-based quality management software is delivered for life sciences firms.
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| domain | founded_year | HQ Location |
Compliant global publication planning is offered for life sciences.
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| domain | founded_year | HQ Location |
Provider of governance, risk and compliance solutions for life sciences industries
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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 Openq
Frequently Asked Questions about OpenQ
When was OpenQ founded?
OpenQ was founded in 2006 and raised its 1st funding round 3 years after it was founded.
Where is OpenQ located?
OpenQ is headquartered in Charlottesville, United States. It is registered at Charlottesville, Virginia, United States.
Is OpenQ a funded company?
OpenQ is a funded company, having raised a total of $8M across 2 funding rounds to date. The company's 1st funding round was a Series A of $2.5M, raised on Sep 10, 2009.
How many employees does OpenQ have?
As of Dec 31, 2021, the latest employee count at OpenQ is 52.
What does OpenQ do?
OpenQ was founded in 2006 and is based in Charlottesville, United States. Cloud-based software is offered to life sciences and healthcare organizations for identifying, profiling, and managing relationships with key opinion leaders. The Engage application, built on the Salesforce platform, supports compliant engagements through data analytics and social compliance tools. Integration with Force.com and external systems is facilitated, enabling planning, interaction, and measurement of stakeholder interactions.
Who are the top competitors of OpenQ?
OpenQ's top competitors include Envision Pharma Group, Qualio and MasterControl.
Who are OpenQ's investors?
OpenQ has 3 investors. Key investors include Harbert Management, Anju Software, and Grotech Ventures.
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