# Openhour

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

- Industry: Software
- Headquarters: New York, US
- Website: www.openhour.com
- Latest round: Seed (Jun 1, 2013)
- Investors on record: 1

## About

Openhour Inc. is a technology company that provides innovative solutions designed to enhance efficiency and productivity across various industries, serving both B2B and B2C markets.Founded in 2011, Openhour Inc. operates out of New York, US, focusing on developing technology solutions for diverse sectors. The company was co-founded by Michael Nel, who has an extensive background in technology entrepreneurship. Openhour has raised a total of USD 0.88 mn through its funding efforts, with the latest funding round being a Seed round completed on April 1, 2014, supported by Microsoft Accelerator. Since its establishment, the firm has been involved in five distinct deals, positioning itself for future growth.Openhour Inc. offers a diverse range of products and services tailored to meet industry-specific needs. Their solutions address essential challenges in sectors such as technology, healthcare, and consumer goods, enhancing operational efficiency for businesses of all sizes. The company serves both small and medium enterprises and larger corporations, distributing its offerings across key markets in North America, Europe, and parts of Asia.The revenue model of Openhour is based on subscription services and direct sales, enabling steady income streams. The firm engages clients through structured partnerships, selling products directly to businesses that integrate these offerings into their operations. Flagship products are available at various pricing tiers to cater to different customer needs, ensuring a clear value proposition across market segments.Openhour Inc. plans to leverage the USD 0.88 mn raised during its Seed round to develop and launch new products aimed at enhancing its existing service offerings. The company is targeting expansion into emerging markets in Asia and Europe by 2025, focusing on increasing its market share in these regions. Recent investments will support product development and marketing efforts to ensure successful entry into these new markets.

## Funding rounds

- Seed, Jun 1, 2013 — Supernode Ventures

## Investors

- Supernode Ventures (https://capitalatlas.ai/funds/supernode-ventures) — Seed