# OpenReel

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

- Industry: Software
- Headquarters: New York, US
- Website: www.openreel.com
- Total disclosed funding: $23M
- Latest round: Series A (Mar 18, 2021)
- Investors on record: 5

## About

Established in 2016 and based in New York, US, ClearDoc, Inc., trading under the name OpenReel, is a remote video platform for enterprises, media, and entertainment companies worldwide. The company was co-founded by Joe Mathew and Lee Firestone. In December 2024, Banzai International, Inc. acquired ClearDoc, Inc. from Five Elms Capital. Financial terms of the transaction were not disclosed.

The company's platform enables enterprises and small-to-medium-size businesses to direct and film up to 4K video content from over 125 countries. The platform offers a patented, enterprise-grade suite of remote video direction, capture, and collaboration capabilities.

The company generates revenue by selling its suite of products on a customized subscription plan.

The acquisition aims to support the business's product development.

## Funding rounds

- Series A, Mar 18, 2021, $19M — Five Elms Capital
- Seed, Nov 25, 2019, $2.6M — WorkerBee.TV, Las Olas Capital Advisors
- Seed, Mar 1, 2018, $0.8M — Brooklyn Bridge Ventures, Alpine Meridian Ventures
- Seed, Feb 10, 2017, $1M — Brooklyn Bridge Ventures, Alpine Meridian Ventures

## Investors

- Brooklyn Bridge Ventures (https://capitalatlas.ai/funds/brooklyn-bridge-ventures) — Seed
- Alpine Meridian Ventures (https://capitalatlas.ai/funds/alpine-meridian-ventures) — Seed
- WorkerBee.TV — Seed
- Las Olas Capital Advisors (https://capitalatlas.ai/funds/las-olas-capital-advisors) — Seed
- Five Elms Capital (https://capitalatlas.ai/funds/five-elms-capital) — Series A