About OpenReel
OpenReel is a company based in New York (United States) founded in 2016 by Shijo Joe Mathew and Lee Firestone was acquired by Banzai in December 2024.. OpenReel has raised $23.68 million across 3 funding rounds from investors including Banzai, Five Elms Capital and Las Olas. OpenReel operates in a competitive market with competitors including Kaltura, VBrick Systems, Kollective, Viostream and Samba Tech, among others.
- Headquarter New York, United States
- Founders Shijo Joe Mathew, Lee Firestone
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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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Funding Insights of OpenReel
OpenReel has successfully raised a total of $23.68M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $19 million completed in March 2021. 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 A — $19.0M
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First Round
First Round
(10 Feb 2017)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series A - OpenReel | Valuation | Five Elms Capital | |
| Nov, 2019 | Amount | Series A - OpenReel | Valuation |
investors |
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| Feb, 2017 | Amount | Seed - OpenReel | 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 OpenReel
OpenReel has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Banzai, Five Elms Capital and Las Olas. 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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B2B software companies are targeted for PE and growth-equity investments.
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Founded Year | Domain | Location | |
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Early-stage investments in US tech and life sciences are targeted.
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Founded Year | Domain | Location | |
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Investments are made in early-stage US tech companies.
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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 OpenReel
| 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 - OpenReel
| 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 |
Openreel Comparisons
Competitors of OpenReel
OpenReel 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 Kaltura, VBrick Systems, Kollective, Viostream and Samba Tech, 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 |
Offers cloud-based video solutions tailored for the media and entertainment industry.
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| domain | founded_year | HQ Location |
Video over IP solutions are delivered for enterprise media distribution.
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| domain | founded_year | HQ Location |
Cloud-based CDN solutions are delivered for enterprise video content.
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| domain | founded_year | HQ Location |
Enterprise video streaming solutions are delivered via a cloud platform.
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| domain | founded_year | HQ Location |
Enterprise streaming solutions for video management and distribution are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Openreel
Frequently Asked Questions about OpenReel
When was OpenReel founded?
OpenReel was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is OpenReel located?
OpenReel is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of OpenReel?
Lee Firestone is the current CEO of OpenReel. They have also founded this company.
Is OpenReel a funded company?
OpenReel is a funded company, having raised a total of $23.68M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Feb 10, 2017.
What does OpenReel do?
OpenReel was founded in 2016 in New York, United States, as a provider in the video technology sector. A platform for remote video capture and AI-assisted editing is offered, enabling high-quality recordings on various devices. Secure cloud storage and customizable templates are included to support video creation. Operations focus on simplifying production processes for users across geographies. Co-founders Shijo Joe Mathew and Lee Firestone lead the company.
Who are the top competitors of OpenReel?
OpenReel's top competitors include VBrick Systems, Rewatch and MediaPlatform.
Who are OpenReel's investors?
OpenReel has 7 investors. Key investors include Banzai, Five Elms Capital, Las Olas, Alpine Meridian, and Brooklyn Bridge Ventures.