About OpenSesame
OpenSesame is a company based in Portland (United States) founded in 2011.. OpenSesame has raised $102.23 million across 6 funding rounds from investors including Partech Partners, JMI Management and FTV Capital. The company has 1 employees as of March 28, 2024. OpenSesame offers products and services including Marketplace, Oro, and Simon. OpenSesame operates in a competitive market with competitors including 360Learning, Intrepid Learning, CrossKnowledge, LearnUpon and NovoEd, among others.
- Headquarter Portland, United States
- Employees 1 as on 28 Mar, 2024
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Opensesame India Private Limited
- Date of Incorporation 10 May, 2022
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$284.37 K (USD)0as on Mar 31, 2023
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Net Profit
$27.45 K (USD)0as on Mar 31, 2023
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EBITDA
$38.34 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$102.23 M (USD)
in 6 rounds
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Latest Funding Round
$50 M (USD), Series D
Jul 21, 2021
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Investors
Partech Partners
& 4 more
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Employee Count
1
as on Mar 28, 2024
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Products & Services of OpenSesame
OpenSesame offers a comprehensive portfolio of products and services, including Marketplace, Oro, and Simon. 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.
Platform for accessing and curating online training courses.
Tool to assess and deliver content for team skill enhancement.
Service to convert assets into multilingual courses for LMS.
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Software Development Team
42 people
Leadership Team
25 people
Product Management Team
20 people
Sales and Marketing
18 people
Customer Team
10 people
Senior Team
6 people
Strategic Team
5 people
Human Resources and Administration
4 people
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Funding Insights of OpenSesame
OpenSesame has successfully raised a total of $102.23M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $50 million completed in July 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 6
- Last Round Series D — $50.0M
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First Round
First Round
(05 Oct 2011)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Series D - OpenSesame | Valuation | JMI Management | |
| May, 2019 | Amount | Series C - OpenSesame | Valuation | FTV Capital | |
| Sep, 2016 | Amount | Series B - OpenSesame | Valuation | Altos Ventures Management |
| 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 OpenSesame
OpenSesame has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Partech Partners, JMI Management and FTV Capital. 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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Private equity firm investing in software companies
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Founded Year | Domain | Location | |
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Private equity investment firm
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Founded Year | Domain | Location | |
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Early-stage companies are funded by this venture capital firm.
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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 OpenSesame
| 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 - OpenSesame
| 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 |
Opensesame Comparisons
Competitors of OpenSesame
OpenSesame 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 360Learning, Intrepid Learning, CrossKnowledge, LearnUpon and NovoEd, 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 |
Corporate learning management platform
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| domain | founded_year | HQ Location |
SaaS-based learning management platforms for corporations are provided.
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| domain | founded_year | HQ Location |
Cloud-based distance learning solutions are offered to companies worldwide.
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| domain | founded_year | HQ Location |
Learning Management System for corporates
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| domain | founded_year | HQ Location |
Online learning and training programs platform
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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 Opensesame
Frequently Asked Questions about OpenSesame
When was OpenSesame founded?
OpenSesame was founded in 2011.
Where is OpenSesame located?
OpenSesame is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Who is the current CEO of OpenSesame?
Don Spear is the current CEO of OpenSesame.
Is OpenSesame a funded company?
OpenSesame is a funded company, having raised a total of $102.23M across 6 funding rounds to date. The company's 1st funding round was a Series B of $9M, raised on Oct 05, 2011.
How many employees does OpenSesame have?
As of Mar 28, 2024, the latest employee count at OpenSesame is 1.
What is the annual revenue of OpenSesame?
Annual revenue of OpenSesame is $284.37K as on Mar 31, 2023.
What does OpenSesame do?
OpenSesame is an online marketplace for buyingselling e-Learning courses focused on corporate employee training. Buyers browse online training courses in a wide variety of subjects (around 20k subjects) from workplace safety to business skills then purchase and start their courses instantly via their browser, by email, or delivered through any Learning Management System (LMS). The marketplace enables content developers of all sizes to reach new buyers without investing in additional sales and marketing resources.
Who are the top competitors of OpenSesame?
OpenSesame's top competitors include 360Learning, Intrepid Learning and NovoEd.
What products or services does OpenSesame offer?
OpenSesame offers Marketplace, Oro, and Simon.
Who are OpenSesame's investors?
OpenSesame has 5 investors. Key investors include Partech Partners, JMI Management, FTV Capital, Altos Ventures Management, and The Oregonian.