OpenReel Overview

  • Year Founded
  • 2016

Year Founded

  • Status
  • Private

  • Employees
  • 48

Employees

  • Latest Deal Type
  • 2ndary - Private

  • Investors
  • 8

OpenReel General Information

Description

Developer of a remote video creation platform designed for business purposes. The company's platform helps teams to direct and capture good-definition tapes remotely through a user's phone which can be customized to match the branding and improves modern workforces, internal communication, influencer video content, client testimonials, and more through a single video editing platform, enabling businesses to create professional-quality content at scale more efficiently, affordably and sustainably.

Contact Information

Website
www.openreel.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 100 Park Avenue
  • Suite 1600
  • New York, NY 10017
  • United States
+1 (888) 000-0000
Primary Industry
Multimedia and Design Software
Other Industries
Business/Productivity Software
Media and Information Services (B2B)
Vertical(s)
AdTech
Corporate Office
  • 100 Park Avenue
  • Suite 1600
  • New York, NY 10017
  • United States
+1 (888) 000-0000

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OpenReel Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
4. Secondary Transaction - Private 0000 Completed Generating Revenue
3. Later Stage VC (Series A) 18-Mar-2021 0000 0000 0000 Completed Generating Revenue
2. Seed Round 26-Nov-2019 $3.68M $3.98M 000.00 Completed Generating Revenue
1. Debt - General 30-Apr-2019 $300K $300K Completed Generating Revenue
To view OpenReel’s complete valuation and funding history, request access »

OpenReel Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series A 0,000,000 00.000000 00.00 00.00 00 00.00 00.000
Seed 4 00,000 00.000000 00.00 00.00 00 00.00 0.000
Seed 3 000,000 00.000000 00.00 00.00 00 00.00 0.000
Seed 2 1,261,530 $0.000010 $0.97 $0.97 1x $0.97 12.93%
Seed 1 1,525,654 $0.000010 $1.68 $1.68 1x $1.68 15.64%
To view OpenReel’s complete cap table history, request access »

OpenReel Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a remote video creation platform designed for business purposes. The company's platform helps teams to dire
Multimedia and Design Software
New York, NY
48 As of 2022
0000
000000 - 000 0000

000000

mpor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis
0000000000 000 00000
Ashburn, VA
00 As of 0000
00000
000000000000 00000

000000

modo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse c
00000000000000000000
Copenhagen, Denmark
00 As of 0000
00.00
000000000 00.00
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OpenReel Competitors (24)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
StoryXpress Venture Capital-Backed Ashburn, VA 00 00000 000000000000 00000
TwentyThree Private Debt Financed Copenhagen, Denmark 00 00.00 000000000 00.00
Rocketium Venture Capital-Backed Bangalore, India 000 00.00 000000000000 00.00
Wistia Formerly VC-backed Cambridge, MA 000 000.00 000000 - 000 000.00
Hippo Video Venture Capital-Backed Newark, DE 00 000.00 00000000000 000.00
You’re viewing 5 of 24 competitors. Get the full list »

OpenReel Patents

  • 9

    Total Documents Applications and Grants

  • 000

    Total Patents Families

  • 9

    Granted

  • 000

    Pending

  • 000

    Expiring in next 12 mo

OpenReel Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-10560500-B2 Systems and methods for recording and storing media content Active 12-Jan-2017 0000000000 00
CA-3049974-A1 Systems and methods for recording and storing media content Active 12-Jan-2017 0000000000
US-9986000-B1 Systems and methods for recording and storing media content Active 12-Jan-2017 0000000000 00
CA-3049974-C Systems and methods for recording and storing media content Active 12-Jan-2017 000000000
US-20180241785-A1 Systems and methods for recording and storing media content Active 12-Jan-2017 H04L65/403 0
To view OpenReel’s complete patent history, request access »

OpenReel Executive Team (6)

Name Title Board Seat
Lee Firestone Co-Founder, Chief Executive Officer & Board Member
Shijo Mathew Co-Founder, Chief Technology Officer and Board Member
Justin Swain Director of Sales and Strategic Partnerships & Vice President, Strategic Accounts
Tyler Koryak Director of Sales
You’re viewing 4 of 6 executive team members. Get the full list »

OpenReel Board Members (4)

Name Representing Role Since
Lee Firestone OpenReel Co-Founder, Chief Executive Officer & Board Member 000 0000
Mark Volchek Las Olas Venture Capital Board Member 000 0000
Shijo Mathew OpenReel Co-Founder, Chief Technology Officer and Board Member 000 0000
Thomas Kershisnik Five Elms Capital Board Member 000 0000
To view OpenReel’s complete board members history, request access »

OpenReel Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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OpenReel Investors (8)

Investor Name Investor Type Holding Investor Since Participating Rounds
Five Elms Capital Growth/Expansion Minority 000 0000 000000 0
Alpine Meridian Venture Capital Minority 000 0000 000000 0
Brooklyn Bridge Ventures Venture Capital Minority 000 0000 000000 0
Dax Hamman Angel (individual) Minority 000 0000 000000 0
Forefront Venture Partners Venture Capital Minority 000 0000 000000 0
You’re viewing 5 of 8 investors. Get the full list »

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OpenReel FAQs

  • When was OpenReel founded?

    OpenReel was founded in 2016.

  • Who is the founder of OpenReel?

    Lee Firestone and Shijo Mathew are the founders of OpenReel.

  • Who is the CEO of OpenReel?

    Lee Firestone is the CEO of OpenReel.

  • Where is OpenReel headquartered?

    OpenReel is headquartered in New York, NY.

  • What is the size of OpenReel?

    OpenReel has 48 total employees.

  • What industry is OpenReel in?

    OpenReel’s primary industry is Multimedia and Design Software.

  • Is OpenReel a private or public company?

    OpenReel is a Private company.

  • What is OpenReel’s current revenue?

    The current revenue for OpenReel is 00000.

  • How much funding has OpenReel raised over time?

    OpenReel has raised $23M.

  • Who are OpenReel’s investors?

    Five Elms Capital, Alpine Meridian, Brooklyn Bridge Ventures, Dax Hamman, and Forefront Venture Partners are 5 of 8 investors who have invested in OpenReel.

  • Who are OpenReel’s competitors?

    StoryXpress, TwentyThree, Rocketium, Wistia, and Hippo Video are some of the 24 competitors of OpenReel.

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