OpenAir Overview
- Year Founded
-
1999

- Status
-
Acquired/Merged
- Latest Deal Type
-
M&A
- Latest Deal Amount
-
$31M
OpenAir General Information
Description
Developer of online business management software. The company offers a suite of PSA (professional services automation) services to streamline business administration, enabling organizations to manage projects, accounting, expense reporting and resource allocation.
Contact Information
Website
www.openair.comCorporate Office
- 211 Congress Street
- 8th Floor
- Boston, MA 02110
- United States
Corporate Office
- 211 Congress Street
- 8th Floor
- Boston, MA 02110
- United States
OpenAir Valuation & Funding
Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
---|---|---|---|---|---|---|
4. Merger/Acquisition | 02-Jun-2008 | $31M | Completed | Product Development | ||
3. Early Stage VC | 16-Mar-2000 | Completed | Product Development | |||
2. Early Stage VC (Series B) | 29-Sep-1999 | $2.5M | $3.1M | Completed | Generating Revenue | |
1. Early Stage VC (Series A) | 22-Apr-1999 | $598K | $598K | Completed | Product Development |
OpenAir Cap Table
Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
---|---|---|---|---|---|---|---|---|
Series C | ||||||||
Series B | ||||||||
Series A | 1,615,925 | $0.010000 | 6% | $0.37 | $0.37 | 1x | $0.37 | 14.01% |
OpenAir Comparisons
Industry
Financing
Details
OpenAir Competitors (55)
One of OpenAir’s 55 competitors is Ultimus, a Formerly VC-backed company based in New York, NY.
Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
---|---|---|---|---|---|---|
Ultimus | Formerly VC-backed | New York, NY | ||||
Accelo | Private Equity-Backed | Denver, CO | ||||
SyncroMSP | Private Equity-Backed | Seattle, WA | ||||
Bizagi Group | Private Equity-Backed | Wooburn Green, United Kingdom | ||||
ProcessMaker | Venture Capital-Backed | Durham, NC |
OpenAir Former Investors (4)
Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
---|---|---|---|---|
3i Group | PE/Buyout | Minority | ||
Fidelity Equity Partners (Massachusetts) | PE/Buyout | Minority | ||
Rex Capital | Venture Capital | Minority | ||
i-Hatch Ventures | Venture Capital | Minority |
OpenAir FAQs
-
When was OpenAir founded?
OpenAir was founded in 1999.
-
Where is OpenAir headquartered?
OpenAir is headquartered in Boston, MA.
-
What industry is OpenAir in?
OpenAir’s primary industry is Automation/Workflow Software.
-
Is OpenAir a private or public company?
OpenAir is a Private company.
-
What is the current valuation of OpenAir?
The current valuation of OpenAir is
. -
What is OpenAir’s current revenue?
The current revenue for OpenAir is
. -
How much funding has OpenAir raised over time?
OpenAir has raised $15.6M.
-
Who are OpenAir’s investors?
3i Group, Fidelity Equity Partners (Massachusetts), Rex Capital, and i-Hatch Ventures have invested in OpenAir.
-
Who are OpenAir’s competitors?
Ultimus, Accelo, SyncroMSP, Bizagi Group, and ProcessMaker are some of the 55 competitors of OpenAir.
-
When was OpenAir acquired?
OpenAir was acquired on 02-Jun-2008.
-
Who acquired OpenAir?
OpenAir was acquired by Oracle NetSuite.
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