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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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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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| 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 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. 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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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 |
| 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 Openreach
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 - Openreach
| 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 |
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. 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.
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|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mobile and fixed-line telecommunication services are provided across Europe.
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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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| 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 Openreach
Frequently Asked Questions about Openreach
When was Openreach founded?
Openreach was founded in 1997 and raised its 1st funding round 3 years after it was founded.
Where is Openreach located?
Openreach is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Openreach?
Clive Selley is the current CEO of Openreach.
Is Openreach a funded company?
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.
How many employees does Openreach have?
As of Mar 31, 2022, the latest employee count at Openreach is 36,276.
What is the annual revenue of Openreach?
Annual revenue of Openreach is $2.35B as on Mar 31, 2021.
What does Openreach do?
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.
Who are the top competitors of Openreach?
Openreach's top competitors include KPN, Ciena and Orange Polska.
What products or services does Openreach offer?
Openreach offers Full Fibre Broadband, Ethernet Services, and Copper Broadband.
Who are Openreach's investors?
Openreach has 5 investors. Key investors include Polaris Partners, Clarity Partners, Lehman Brothers, Sofinnova, and IDG Ventures.
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