What is Open?
Open operates a studio platform designed to support personal transformation and development through a comprehensive offering of breathwork, meditation, yoga, and Pilates classes. The company aims to provide accessible tools for individuals seeking to enhance their well-being and achieve personal growth. Its focus on a holistic approach to wellness positions it within a growing market driven by increasing consumer interest in mental and physical health solutions.
How much funding has Open raised?
Open has raised a total of $14.4M across 2 funding rounds:
Angel/Seed
$5.4M
Series A
$9M
Angel/Seed (2019): $5.4M with participation from SV Angel
Series A (2021): $9M led by Susa Ventures, Founders Fund, A.Capital Ventures, and Aglaé Ventures
Key Investors in Open
Susa Ventures
Susa Ventures is an early-stage venture capital firm that invests in seed-stage startups, aiming to help build the next billion-dollar companies. They provide capital, community, and talent without taking board seats.
Founders Fund
Founders Fund invests in the world's most important and valuable companies across all geographies, sectors and stages. The firm's partners have been founders and early funders of companies including PayPal, SpaceX, Palantir, Anduril, Airbnb, Stripe and Facebook.
A.Capital Ventures
ACapital Partners is a company that operates in the Venture Capital & Private Equity industry. It employs 5to9 people and has 1Mto5M of revenue.
What's next for Open?
The substantial enterprise-level backing indicates that Open is likely in a growth or scaling phase, poised to expand its platform's reach and enhance its service offerings. Future strategic initiatives may involve further technological development of the studio platform, expansion into new markets, or the introduction of additional wellness modalities. The company's trajectory suggests a focus on solidifying its market position and potentially exploring further capital raises to fuel its ambitious growth plans.
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