What is OpenPeak?
Open Peak is an IT company specializing in the development of mobile applications for Android and iOS, serving both startups and established businesses. Their core offerings include creating user-friendly interfaces, automating processes to enhance client engagement and operational efficiency, and providing comprehensive services such as competitor audits, software architecture, and lifecycle support. The company is committed to solving complex challenges and implementing innovative solutions to help clients achieve their business objectives, positioning itself as a key player in the mobile application development landscape.
How much funding has OpenPeak raised?
OpenPeak has raised a total of $296.4M across 11 funding rounds:
Series B
$4.4M
Series C
$30M
Multiple Rounds
$102.6M
Debt
$27.9M
Debt
$10.3M
Private Equity
$93.2M
Debt
$17.6M
Series B (2004): $4.4M led by GMG Capital Partners
Series C (2007): $30M supported by RRE Ventures
Unspecified (2010): $15.5M, investors not publicly disclosed
Unspecified (2010): $27.9M, investors not publicly disclosed
Private Equity (2010): $7.1M, investors not publicly disclosed
Unspecified (2010): $52M led by Velocity Financial Group, Intel Capital, Horizon Technology, and GE Ventures
Debt (2011): $27.9M supported by RRE Ventures
Debt (2012): $10.3M featuring Castletop Capital
Private Equity (2013): $93.2M backed by Castletop Capital, The Blackstone Group, LP, Ritchie Capital Management, LLC, and RRE Ventures
Debt (2015): $17.6M with participation from The Blackstone Group L.P. and RRE Ventures LLC.
Key Investors in OpenPeak
Castletop Capital
Castletop Capital is an investment and management firm that specializes in actively managing real estate holdings and portfolio companies, with a focus on opportunities in Central Texas. They emphasize an engaged investment approach and aim to enhance the value and performance of their investments through active participation and management.
The Blackstone Group, LP
Blackstone is a global investment firm focused on building and managing diversified asset portfolios across private equity, real estate, credit, and strategic alternatives. They partner with companies to create long-term value through disciplined investment strategies and operational expertise.
Ritchie Capital Management, LLC
Ritchie Capital is a diversified alternative asset management firm with interests in hedge funds, commodities, private equity, venture capital, insurance, energy, and real estate. Through Ritchie Capital Ventures, they manage a portfolio of early and growth-stage companies in sectors including information technology.
What's next for OpenPeak?
With a history of substantial enterprise-level funding and recent strategic investments, OpenPeak appears poised for continued expansion and innovation in the mobile application development space. The company's focus on enhancing client engagement and operational efficiency through robust software solutions suggests a strategic direction aimed at capturing a larger market share. Future endeavors will likely involve further development of their platform, potential expansion into new technological frontiers, and strengthening partnerships to drive sustained growth and solidify their competitive advantage in the dynamic IT industry.
See full OpenPeak company page
