Open

Private

SydneyFinTechhttps://www.beopen.com/

Last Round

Series D

May 2, 2022

Est. Valuation

$1B

Total Funding Raised

$190.4M

Company Overview

Open is an insurtech company that provides embedded insurance infrastructure and API-driven solutions for global insurance providers, brokers, and retail brands.

Sector

FinTech

Verticals

InsurTech, API Management, Customer Experience, NLP & Conversational AI

Business Model

B2B2C

Customer Profile

Revenue Share, Usage-Based SaaS

AI Layer

Application

Keywords

embedded insuranceinsurance APIinsurtechinsurance as a serviceembedded financeinsurance techwhite-label insuranceinsurance infrastructureinsurance automationAI insuranceinsurance agentB2B2C insuranceinsurance softwareAPI-first

Historical Pricing

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Caplight Momentum Score

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Open Comps

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Open comps — public and private peers by sector, stage, and business model
Company	Status	Est. Valuation	Rev Multiple
OpenAI	Private	$86.0B	~40x
Cohere	Private	$5.0B	--
Competitor 1	Public	$XX.XB	XXx
Competitor 2	Public	$XX.XB	XXx

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Open Funding Rounds

Historical fundraising activity

Data table
Round	Date	Amount Raised	Valuation	Investors	Sources
Series D	May 2, 2022
Series C	Oct 12, 2021
Debt	Jul 1, 2021
Series B	Jun 25, 2019
Series A	Feb 12, 2019
Pre Seed	May 17, 2018

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Key People

Founding team and executive leadership

Houshang Abd

Chief Financial Officer

Executive Team

Rishin Patel

Chief Product Officer

Executive Team

Open Investors

Notable investors and investment history

Open investors
Investor	Rounds
Temasek	Series D, Series C
AngelList	Series A
Unicorn India Ventures	Series A, Pre Seed
IIFL Finance	Series D
BetterCapital AngelList syndicate	Series B
BEENEXT Capital Management	Series A
Tanglin Venture Partners	Series B

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Open Filings

SEC and related filings with document metadata.

Data table
Typed	Date	Amount Offered	Amount Sold	Filling	Pages	Download
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Open Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersSydney

Employee Range140

Year Founded2016

Last FundingMay 2, 2022

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