# Open

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

- Industry: Travel & Leisure
- Headquarters: Los Angeles, US
- Website: www.o-p-e-n.com
- Total disclosed funding: $15M
- Latest round: Series A (Oct 20, 2021)
- Investors on record: 6

## About

Open Inc. is a wellness-focused company that offers guided meditation, mindfulness, and breathwork through a user-friendly app and online platform, catering to individuals seeking mental well-being and emotional balance.Founded in 2018, Open Inc. operates from Los Angeles, US, and specializes in wellness solutions. The company was co-founded by Manoj Dias, Peter Tseng, and Raed Khawaja, who serves as CEO. Open Inc. has successfully raised USD 9.00 mn in its Series A funding round as of October 20, 2021, with participation from investors including A Capital Partners, Aglaé Ventures, Founders Fund, Groupe Arnault, and Susa Ventures. The firm has completed a total of 2 deals to date.Open Inc. specializes in wellness through guided meditation, mindfulness, and breathwork, available via its mobile application and online platform. Its primary product is an app that grants access to various meditation and breathwork sessions, enhancing users' mental well-being. The app has attracted over 50,000 users, primarily targeting health-conscious individuals interested in self-improvement, with availability across North America, Europe, and parts of Asia. Services cater to both individual users and group sessions, promoting a community-oriented approach to mental wellness.Open Inc. generates revenue through a subscription model, allowing users to start with a free trial before opting for paid plans. Clients can purchase credits for individual sessions or subscribe to monthly or annual plans for unlimited access to all content. The app facilitates direct transactions, enhancing user experience. Pricing structures are designed to accommodate both casual users and dedicated practitioners, with potential partnerships in corporate wellness programs to diversify revenue streams.In October 2021, Open Inc. raised USD 9.00 mn in Series A financing to support the expansion of its operations and business reach. The funds will be utilized to develop new products aimed at enhancing the user experience and to explore opportunities in additional geographic markets. Specific plans include targeting expansions in Europe and Asia by 2023, with a focus on increasing engagement and developing partnerships that can further enhance their wellness offerings.

## Funding rounds

- Series A, Oct 20, 2021, $9M — Founders Fund, Aglae Ventures, Susa Ventures, A Capital Partners, Aglaé Ventures
- Seed, Nov 27, 2019, $5.5M — SV Angel

## Investors

- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series A
- Aglae Ventures (https://capitalatlas.ai/funds/aglae-ventures) — Series A
- Susa Ventures (https://capitalatlas.ai/funds/susa-ventures) — Series A
- A Capital Partners (https://capitalatlas.ai/funds/a-capital-partners) — Series A
- Aglaé Ventures (https://capitalatlas.ai/funds/aglae-ventures-2) — Series A