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About Open
Industries
Education
Healthcare
Company Size
51-200
Company Stage
Series A
Total Funding
$14M
Headquarters
Los Angeles, California
Founded
2018
Overview
Open is a mindfulness studio that focuses on improving mental and physical well-being through various services. It offers meditation, music, breathwork, and movement sessions to help clients become more aware and present in their lives. The studio caters to a wide range of individuals, from those new to mindfulness to seasoned practitioners. Open operates in the wellness market by providing both in-person and online classes, workshops, and memberships. It generates revenue through class fees, membership subscriptions, and special events. What sets Open apart from its competitors is its holistic approach, which combines multiple disciplines to create a well-rounded mindfulness experience.
Simplify's Take
What believers are saying
- Open raised $9M in Series A funding, enhancing growth and service expansion.
- Increased demand for online mindfulness classes due to COVID-19 boosts Open's digital offerings.
- Corporate wellness programs focusing on mental health present new opportunities for Open.
What critics are saying
- Increased competition from new wellness firms like 4B challenges Open's market position.
- Potential market saturation makes it difficult for Open to differentiate its offerings.
- Economic downturns may reduce spending on wellness services, impacting Open's revenue.
What makes Open unique
- Open offers a holistic approach integrating meditation, music, breathwork, and movement.
- The studio caters to both beginners and experienced practitioners in mindfulness and wellness.
- Open combines in-person and online classes, workshops, and memberships for a comprehensive experience.
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Funding
Total Funding
$14M
Below
Industry Average
Funded Over
2 Rounds
Founders FundIndustry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
Company Equity
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 1%2 year growth
↓ -5%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
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.
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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About Open
Industries
Education
Healthcare
Company Size
51-200
Company Stage
Series A
Total Funding
$14M
Headquarters
Los Angeles, California
Founded
2018
Open is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today