Open

Open

Mindfulness studio offering meditation classes

About Open

Simplify's Rating
Why Open is rated
C
Rated C on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Education

Healthcare

Company Size

51-200

Company Stage

Series A

Total Funding

$14.4M

Headquarters

Los Angeles, California

Founded

2018

Overview

Open is a mindfulness studio that offers meditation, breathwork, movement, and music sessions to improve mental and physical well-being. Its programs include in-person and online classes, workshops, and memberships, delivering guided experiences across multiple disciplines to help people stay present and aware. The sessions are structured as a mix of group classes and events, with access through pay-per-class fees or subscription memberships, enabling participation from beginners to seasoned practitioners. What sets Open apart is the combination of several mindfulness modalities under one roof, available both offline and online, along with a flexible membership model that supports ongoing practice. The company aims to help a broad audience cultivate steady, sustainable well-being by providing accessible, multi-disciplinary mindfulness experiences.

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Simplify's Take

What believers are saying

  • Series A funding of $9M enables product expansion and market reach.
  • App availability on Apple App Store expands addressable market beyond studio.
  • Neuroscience-backed approach differentiates from commodity meditation apps in crowded market.

What critics are saying

  • Headspace's 70M+ users and free premium content erode membership revenue.
  • Insight Timer's 200K+ free sessions undercut Open's paid class competitiveness.
  • Big Tech integration of free AI meditation in HealthKit reduces standalone demand.

What makes Open unique

  • Integrates neurobiology-designed breathwork, meditation, movement bridging science and spirituality.
  • Offers immersive group experiences fostering social connection alongside individual mindfulness.
  • Dual-channel model combines LA flagship studio with app accessibility worldwide.

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Funding

Total Funding

$14.4M

Below

Industry Average

Funded Over

2 Rounds

Notable Investors:
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

$15M
$8.2M
Discord
$9M
Open
$15M
Canva
$30M
Kalshi

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

Company Equity

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

1%

2 year growth

6%
Forbes
May 2nd, 2023
Behind The New Firm That’S Engaging People, Brands Of Influence To Elevate Mental Wellness

Jared Schoenfeld, founder of 4BSAM ROBLES. Veteran sports and wellness executive Jared Schoenfeld has launched a firm focused on creating measurable impact across the mental health and wellness sectors for people and brands of influence. Clients at 4B include global wellness icon and author Dr. Deepak Chopra; multiplatinum artist, entrepreneur and philanthropist Big Sean; actor and artist Da’Vinchi (Starz’s Black Mafia Family); master well-being educator, healer and author Devi Brown; and former NFL star, professor of neuroscience and research co-author at Harvard University Julius Thomas; social meditation app Open; and TriggerPoint, which provides self-care products and education.4B represents and collaborates with brands and voices to help scale their missions around a shared goal: supporting those struggling with mental health and wellness by creating more awareness, action and accessible resources. The firm has already established partnerships for its clients with brands including JPMorgan Chase

WellSpa 360
Oct 29th, 2021
Open receives financing of $9M in Series A investment round

Open, a mindfulness studio, has announced the close of a $9 million Series A investment round, building on a $5.5 million seed round for a total of $14.5 million fundraise.

FinSMEs
Oct 20th, 2021
Open Raises $9M in Series A Funding

Open, a Los Angeles, CA-based mindfulness studio, raised $9M in Series A funding. The round was led by existing investor Founders Fund and A.Capital Ventures with participation from Susa Ventures, Aglaé Ventures, backed by Groupe Arnault, as well as a roster of prominent CEOs in consumer technology such as Twitter and DoorDash, among others. The company […]

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