# Open-Xchange

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/open-xchange

- Industry: Software
- Headquarters: Nuremberg, Germany
- Website: www.open-xchange.com
- Total disclosed funding: $63M
- Latest round: Series D (Oct 11, 2017)
- Investors on record: 5

## About

Open-Xchange AG specializes in cloud-based email solutions tailored for telecommunications and internet service providers, enhancing digital communication through its innovative OX App Suite.Founded in 2005 in Nuremberg, Germany, Open-Xchange AG delivers email and communication solutions for service providers. In October 2017, the company raised EUR 21 million in a Series D funding round led by Iris Capital and eCAPITAL, marking their fifth deal. The company's leadership includes CEOs Andreas Gauger, Manuel Engel, and Stefan Preuß.Open-Xchange offers a suite of cloud-based and on-premises email solutions designed for telecommunications companies, internet service providers, and large hosting services. Their flagship product, the OX App Suite, serves over 220 million users worldwide, providing customizable features tailored to diverse client needs. The OX App Suite enables providers to convert free email accounts to paid subscriptions, enhancing average revenue per user (ARPU). The company also provides DNS solutions optimized for 5G, cloud-native applications, and IoT security, addressing the evolving demands of digital communication. Their clientele includes major markets in North America and Europe, with partnerships involving leading firms like IONOS, Rackspace, and GoDaddy.In the most recent fiscal year of 2023, Open-Xchange reported a revenue of EUR 51,798,845.80, with an EBITDA of EUR -1,802,501.50, demonstrating the company’s transactional structure and subscription-based revenue model that aligns with clients' operational frameworks.The recent funding will support Open-Xchange's strategy to enhance its product offerings and expand into new markets. Specific plans include the development of upcoming features for the OX App Suite to be launched in the near future, aimed at increasing service adoption. Open-Xchange is also targeting expansion into new geographic regions, particularly in Asia and South America, by the end of 2025, to capture emerging market opportunities.

## Funding rounds

- Series D, Oct 11, 2017, $25M — IRIS, eCAPITAL
- Series C, Jul 17, 2013, $20M — BayBG, United Internet, eCAPITAL
- Series B, Nov 4, 2008, $9M — BayTech Venture Capital, BayBG, eCAPITAL
- Series A, Sep 13, 2006, $8.8M — BayTech Venture Capital

## Investors

- BayTech Venture Capital (https://capitalatlas.ai/funds/baytech-venture-capital) — Series A, Series B
- BayBG (https://capitalatlas.ai/funds/baybg) — Series B, Series C
- eCAPITAL (https://capitalatlas.ai/funds/ecapital) — Series B, Series C, Series D
- United Internet — Series C
- IRIS (https://capitalatlas.ai/funds/iris) — Series D