About Openreach
Openreach is a company based in London (United Kingdom) founded in 1997. Openreach has raised $37 million across 2 funding rounds from investors including Polaris Partners, Clarity Partners and Lehman Brothers. The company has 36,276 employees as of March 31, 2022. Openreach offers products and services including Full Fibre Broadband, Ethernet Services, and Copper Broadband. Openreach operates in a competitive market with competitors including KPN, Orange Polska, Ciena, Hong Kong Broadband Network and FPT Telecom, among others.
- Headquarter London, United Kingdom
- Employees 36276 as on 31 Mar, 2022
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Sectors
Telecommunications
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Phone
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Website
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Social
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- Legal Name Openreach Limited
- Date of Incorporation 24 Mar, 2017
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
$2.35 B (USD)3as on Mar 31, 2021
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Net Profit
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EBITDA
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Total Equity Funding
$37 M (USD)
in 2 rounds
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Latest Funding Round
$31 M (USD), Series C
Jan 02, 2002
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Investors
Polaris Partners
& 4 more
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Employee Count
36276
as on Mar 31, 2022
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Products & Services of Openreach
Openreach offers a comprehensive portfolio of products and services, including Full Fibre Broadband, Ethernet Services, and Copper Broadband.
Delivers high-speed internet using fibre optics for reliable connectivity
Provides high-capacity network solutions for enterprise data transfer
Offers traditional internet via copper lines for basic connectivity
People of Openreach
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Funding Insights of Openreach
Openreach has successfully raised a total of $37M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $31 million completed in January 2002. 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 C — $31.0M
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First Round
First Round
(24 Jul 2000)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2002 | Amount | Series C - Openreach | Valuation | Lehman Brothers , Sofinnova Investments | |
| Jul, 2000 | Amount | Series B - Openreach | Valuation | Clarity Partners |
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Investors in Openreach
Openreach has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Polaris Partners, Clarity Partners and Lehman Brothers.
| Investor | Description | Founded Year | Domain | Location |
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US focused venture capital firm
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Biotech funding, drug development support, and investment in life sciences.
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Founded Year | Domain | Location |
Investments & Acquisitions by Openreach
Financial Statements - Openreach
Openreach Comparisons
Competitors of Openreach
Openreach 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 KPN, Orange Polska, Ciena, Hong Kong Broadband Network and FPT Telecom, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mobile and fixed-line telecommunication services are provided across Europe.
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| domain | founded_year | HQ Location |
Telephony, internet, and data transmission services are provided in Poland.
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| domain | founded_year | HQ Location |
Cloud-based network management software is provided for infrastructure planning.
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| domain | founded_year | HQ Location |
Provider of fibre optic broadband internet services
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| domain | founded_year | HQ Location |
Broadband internet, IPTV, and data services are offered in Vietnam.
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| domain | founded_year | HQ Location |
Telecom services provider in Israel
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Frequently Asked Questions about Openreach
Openreach was founded in 1997 and raised its 1st funding round 3 years after it was founded.
Openreach is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Clive Selley is the current CEO of Openreach.
Openreach is a funded company, having raised a total of $37M across 2 funding rounds to date. The company's 1st funding round was a Series B of $6M, raised on Jul 24, 2000.
As of Mar 31, 2022, the latest employee count at Openreach is 36,276.
Annual revenue of Openreach is $2.35B as on Mar 31, 2021.
Openreach was established in 1997 in London, United Kingdom, within the telecommunications sector. Fiber broadband, copper access, ethernet solutions, and optical DWDM systems are delivered, alongside ethernet backhaul and cabling for internal and external networks. Bespoke network design, new site development, and project management consultancy services are also offered to support infrastructure operations across the region.
Openreach's top competitors include KPN, Ciena and Orange Polska.
Openreach offers Full Fibre Broadband, Ethernet Services, and Copper Broadband.
Openreach has 5 investors. Key investors include Polaris Partners, Clarity Partners, Lehman Brothers, Sofinnova, and IDG Ventures.