Overview

OpenInvest provides customized investment solutions that focus on environmental, social, and governance (ESG) criteria. The company serves financial advisors and individual investors who want their investments to reflect their personal values, such as sustainability and social justice. OpenInvest's platform allows clients to create tailored separately managed accounts (SMAs) at the individual stock level, giving them control over their portfolios while ensuring ESG alignment and tax efficiency. Using advanced algorithms, the platform helps clients build personalized portfolios and track their performance against specific benchmarks. OpenInvest operates on a subscription and asset management fee model, offering tools for impact reporting and portfolio transitions. This enables clients to visualize the ESG profile of their investments and understand their potential impact, fostering a connection between financial performance and social responsibility.

Simplify's Take

What believers are saying

• Growing demand for ESG investing boosts OpenInvest's market potential.
• Partnerships with firms like Aldersley Capital expand OpenInvest's reach and offerings.
• Digital wealth management growth supports OpenInvest's fintech-driven business model.

What critics are saying

• Increased competition from fintech companies may dilute OpenInvest's market share.
• Integration with J.P. Morgan could lead to conflicts with OpenInvest's ESG mission.
• Regulatory scrutiny on ESG claims may impact OpenInvest's reputation and operations.

What makes OpenInvest unique

• OpenInvest offers customized SMAs with ESG alignment and tax efficiency.
• The platform provides impact reporting and portfolio transition tools for informed decision-making.
• OpenInvest empowers clients to align investments with personal values, enhancing client engagement.

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Funding

Total Funding

$24.3M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:

Andreessen HorowitzY Combinator

Notable Investors:

Andreessen HorowitzY Combinator

$10,500,000

Series A

Apr 2020

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Below Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$10.5M

$15M

$30M

View all funding stages