Open

Open

Mindfulness studio offering classes and workshops

About

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. Unlike many competitors, Open takes a holistic approach by integrating different disciplines to create a well-rounded mindfulness experience. The goal of Open is to support individuals in enhancing their overall well-being through mindful practices.

Company Stage

Series A

Employees

51-200

Industries

Education, Healthcare

Total Funding

$14M

Headquarters

Los Angeles, California

Founded

2018


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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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Growth & Insights
Headcount

6 month growth

1%

1 year growth

0%

2 year growth

-1%

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

Company Equity

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