Overview

OpenInvest offers customized investment solutions focused on environmental, social, and governance (ESG) criteria for financial advisors and individual investors. Their platform allows clients to create separately managed accounts (SMAs) tailored to individual stock preferences, ensuring alignment with ESG values and optimizing tax benefits. OpenInvest stands out by providing tools for impact reporting and portfolio transition, helping clients visualize the effects of their investments. The company's goal is to empower clients to make informed investment decisions that reflect their values while achieving financial success.

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

$23.7M

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

$100M

View all funding stages