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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Technology
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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.
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.
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B2B software companies are targeted for PE and growth-equity investments.
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Early-stage investments in US tech and life sciences are targeted.
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Investments are made in early-stage US tech companies.
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Investor details for OpenReel
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Investments & Acquisitions by OpenReel
Investment portfolio details for OpenReel
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Financial Statements - OpenReel
Detailed financials for OpenReel
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Openreel Comparisons
Peer comparison for OpenReel
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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.
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Offers cloud-based video solutions tailored for the media and entertainment industry.
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Video over IP solutions are delivered for enterprise media distribution.
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Cloud-based CDN solutions are delivered for enterprise video content.
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Enterprise video streaming solutions are delivered via a cloud platform.
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Enterprise streaming solutions for video management and distribution are offered.
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Detailed competitors of OpenReel
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Latest news on Openreel
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Frequently Asked Questions about OpenReel
OpenReel was founded in 2016 and raised its 1st funding round 1 year after it was founded.
OpenReel is headquartered in New York, United States. It is registered at New York, New York, United States.
Lee Firestone is the current CEO of OpenReel. They have also founded this company.
OpenReel is a funded company, having raised a total of $23.68M across 3 funding rounds to date.
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.
OpenReel's top competitors include VBrick Systems, Rewatch and MediaPlatform.
OpenReel has 7 investors. Key investors include Banzai, Five Elms Capital, Las Olas, Alpine Meridian, and Brooklyn Bridge Ventures.