OpenUnit

Toronto, Canada Founded: 2019 • Age: 7 yrs
SaaS-based software is offered for managing storage facilities.
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About OpenUnit

OpenUnit is a company based in Toronto (Canada) founded in 2019 by Lucas Playford and Taylor Cooney.. OpenUnit has raised $1.15 million across 2 funding rounds from investors including Garage Capital, Advisors.Fund and Insitepg. OpenUnit offers products and services including Management Software, Customer Relationship Management, Payment Processing, and Marketing Tools. OpenUnit operates in a competitive market with competitors including Placeholder, Montreal Mini-Storage, Spaceful, SpaceiShare and Contain Your Stuff Storage, among others.

  • Headquarter Toronto, Canada
  • Founders Lucas Playford, Taylor Cooney
  • Sectors
    Business Services
    Transportation, Automotive & Logistics
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Openunit, Inc.
Operational Areas
Business Services → Facility, Security & Field Operations → →
Transportation, Automotive & Logistics → Supply Chain, Freight & Logistics → →
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $1.15 M (USD)

    in 2 rounds

  • Latest Funding Round
    $1 M (USD), Seed

    May 20, 2021

  • Investors
    Garage Capital

    & 11 more

  • Employee Count
    Employee Count
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Products & Services of OpenUnit

OpenUnit offers a comprehensive portfolio of products and services, including Management Software, Customer Relationship Management, Payment Processing, and Marketing Tools. 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.

Primary

Platform for self-storage operations including reservations and payments

System to manage customer data and interactions

Handles secure payments and fraud assessments

Features for online promotions and SEO management

Funding Insights of OpenUnit

OpenUnit has successfully raised a total of $1.15M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1 million completed in May 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 Rounds 2
  • Last Round Seed — $1.0M
  • First Round

    (27 Aug 2020)

  • Investors Count 12
Date Amount Transaction Name Valuation Lead Investors Investors
May, 2021 Amount Seed - OpenUnit Valuation Garage Capital , Advisors.Fund
Aug, 2020 Amount Seed - OpenUnit Valuation Y Combinator
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investors in OpenUnit

OpenUnit has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Garage Capital, Advisors.Fund and Insitepg. 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.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
Garage Capital
Seed-stage investments are made by Garage Capital across multiple sectors.
Founded Year Domain Location
Advisors.Fund
Early stage VC investments in multiple sectors
Founded Year Domain Location
Y Combinator
Early-stage startups are accelerated via funding and educational programs.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Amitabh Bachchan family office
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Signite Partners
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Sixteenth Street Capital
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
GGV Capital
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by OpenUnit

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - OpenUnit

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Openunit Comparisons

Employees
+
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Competitors of OpenUnit

OpenUnit 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 Placeholder, Montreal Mini-Storage, Spaceful, SpaceiShare and Contain Your Stuff Storage, 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
Placeholder
domain founded_year HQ Location
Marketplace for on demand warehousing solutions
Montreal Mini-Storage
domain founded_year HQ Location
Warehouse spaces are rented via an app-based platform.
Spaceful
domain founded_year HQ Location
On-demand self-storage units are leased via an online platform.
SpaceiShare
domain founded_year HQ Location
Real estate spaces are shared through an online marketplace platform.
Contain Your Stuff Storage
domain founded_year HQ Location
Offers a platform providing self-storage services
Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Openunit

OpenUnit completes C$1m seed financing, buys Affiga
Venturecapitaljournal • 4 years ago

Frequently Asked Questions about OpenUnit

When was OpenUnit founded?

OpenUnit was founded in 2019 and raised its 1st funding round 1 year after it was founded.

Where is OpenUnit located?

OpenUnit is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.

Who is the current CEO of OpenUnit?

Taylor Cooney is the current CEO of OpenUnit. They have also founded this company.

Is OpenUnit a funded company?

OpenUnit is a funded company, having raised a total of $1.15M across 2 funding rounds to date. The company's 1st funding round was a Seed of $150K, raised on Aug 27, 2020.

What does OpenUnit do?

OpenUnit was founded in 2019 in Toronto, Canada, as a SaaS provider in the facility management sector focused on storage units. Operations center on a dashboard for oversight, alongside tools for unit tracking, automated reports, accounting integration, email communications, team coordination, content handling, customer relations, employee scheduling, and payment processing. The platform supports storage facility operators in streamlining administrative tasks.

Who are the top competitors of OpenUnit?

OpenUnit's top competitors include Placeholder, Spaceful and Stow Spot.

What products or services does OpenUnit offer?

OpenUnit offers Management Software, Customer Relationship Management, Payment Processing, and Marketing Tools.

Who are OpenUnit's investors?

OpenUnit has 12 investors. Key investors include Garage Capital, Advisors.Fund, Insitepg, Jonathan Wasserstrum, and Jeremiah Jacks.

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