# Quo

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.quo.com/
- Total disclosed funding: $56M
- Latest round: Series B (Apr 7, 2022)
- Investors on record: 9

## About

"Founded in 2018 and based in San Francisco, US, OpenPhone Technologies, Inc., doing business as Quo, is a communication solutions provider offering an integrated AI-powered business phone system that enables startups and small businesses to enhance collaboration and streamline communications.  OpenPhone Technologies, Inc. focuses on delivering innovative communication tools. The company was co-founded by Daryna ???? and Mahyar Raissi, who serves as the CEO. OpenPhone has successfully raised a total of USD 40.00 mn in funding through 3 deals, with the latest funding round, Series B, occurring on April 7, 2022, led by Tiger Global Management.OpenPhone provides a comprehensive suite of communication tools tailored for startups and small businesses. The main offering is a business phone system that integrates calls, texts, and contacts via an AI-powered platform. Notable features include dedicated phone numbers, a 24/7 AI agent named Sona for call answering, call summaries, transcripts for team alignment, a lightweight CRM for customer relationship management, and APIs for automation. OpenPhone serves over 60,000 businesses across North America, catering to diverse communication needs.OpenPhone generates revenue primarily through subscription-based pricing plans designed for various business sizes and communication requirements. The service tiers allow clients to engage in B2B transactions, offering features like local and toll-free numbers, automated messaging, and advanced call routing, which enhance customer engagement and communication efficiency.OpenPhone's strategy for future growth includes the development of new collaboration features and enhanced business tool integrations. The company aims to expand into additional markets by leveraging the recent Series B funding of USD 40.00 mn, which will be used to hire new teams and support these initiatives. This funding round, completed on April 7, 2022, allows OpenPhone to scale its operations and enhance its product offerings.

## Funding rounds

- Series B, Apr 7, 2022, $40M — Tiger Global Management, Slow, Craft Ventures, Garage Capital, Worklife Ventures Management
- Series A, Nov 9, 2020, $14M — Y Combinator, Slow, Kindred Ventures, Craft Ventures, Garage Capital, Chapter One
- Seed, Nov 1, 2018, $2M — Y Combinator, Slow, Script Capital, Kindred Ventures, Garage Capital

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- Slow (https://capitalatlas.ai/funds/slow) — Seed, Series A, Series B
- Script Capital (https://capitalatlas.ai/funds/script-capital) — Seed
- Kindred Ventures (https://capitalatlas.ai/funds/kindred-ventures) — Seed, Series A
- Garage Capital (https://capitalatlas.ai/funds/garage-capital) — Seed, Series A, Series B
- Craft Ventures (https://capitalatlas.ai/funds/craft-ventures) — Series A, Series B
- Chapter One (https://capitalatlas.ai/funds/chapter-one) — Series A
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B
- Worklife Ventures Management (https://capitalatlas.ai/funds/worklife-ventures-management) — Series B