Open Room
Latest round
- Seed
Last raised
- Feb 2020
Total raised
- $0.2M
Investors
- 1
About Open Room
Open Room Inc.Founded in 2017, Open Room Inc. is focused on providing innovative solutions for the real estate industry. The company's operations are headquartered in Tokyo, Japan.Open Room Inc. specializes in innovative real estate technology solutions aimed at transforming traditional practices within the real estate industry. Their flagship product, 'Forest,' offers a comprehensive online platform that facilitates real estate transactions through features such as cloud-based property proposals, customer chat functionalities, and IT-heavy video conferencing tools. Additionally, the platform has integrated AI capabilities that automate property information identification and database creation, thus streamlining operations for real estate agents. The company serves a wide range of clients, including real estate agencies and professionals, particularly in Japan, where they have established partnerships with organizations such as Mitsui Sumitomo Trust Real Estate and the All Japan Real Estate Association.Open Room Inc. generates revenue primarily through subscription-based models for its technology solutions. Clients, which include real estate agencies, subscribe to access various tiers of features within the 'Forest' platform. The pricing structure for these subscriptions varies, with options including free and paid plans that unlock additional functionalities. Specifically, the paid plan offers enhanced features for monthly fees, while the free plan allows users to utilize basic services. By providing a robust platform that supports remote sales and property management, Open Room Inc.Open Room Inc. is focused on expanding its product offerings and geographic reach. They plan to launch additional features within the 'Forest' platform to improve user engagement and streamline functionalities for clients by the end of 2022. The company is also targeting expansion into other parts of Asia to capture a larger market share in real estate technology solutions.
Who invested in Open Room
1 investor across 1 round
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Funding rounds
Seed
Feb 27, 2020
Amount
$0.2M
Investors
Questions about Open Room
Who invested in Open Room?
Open Room has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Open Room raised?
Open Room has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Open Room last raise money?
Open Room's most recent round on record is a Seed, in Feb 2020.
What does Open Room do?
Open Room is a software company.
Where is Open Room headquartered?
Open Room is headquartered in Tokyo, Japan.
Which VCs invest in companies like Open Room?
Among active investors with capital left to deploy, MPCi, Luminous Ventures, Zijin Venture Capital and Legend Capital back software companies at Open Room's stage. Their profiles are linked below.
VCs backing software startups at Seed
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