What is OpenPeak?
Open Peak is an IT company specializing in the development of mobile applications for Android and iOS, serving both startups and established businesses. Their core focus lies in creating user-friendly interfaces and automating processes to enhance client engagement and operational efficiency. The company provides comprehensive services, including competitor audits, software architecture design, and lifecycle support, ensuring the delivery of high-quality applications and ongoing maintenance. Open Peak is committed to addressing complex challenges and implementing innovative solutions to help clients achieve their business objectives.
How much funding has OpenPeak raised?
OpenPeak has raised a total of $296.4M across 11 funding rounds:
Series B
$4.4M
Series C
$30M
Multiple Rounds
$102.6M
Debt
$27.9M
Debt
$10.3M
Private Equity
$93.2M
Debt
$17.6M
Series B (2004): $4.4M led by GMG Capital Partners
Series C (2007): $30M supported by RRE Ventures
Unspecified (2010): $15.5M, investors not publicly disclosed
Unspecified (2010): $27.9M, investors not publicly disclosed
Private Equity (2010): $7.1M, investors not publicly disclosed
Unspecified (2010): $52M led by Velocity Financial Group, Horizon Technology, Intel Capital, and GE Ventures
Debt (2011): $27.9M supported by RRE Ventures
Debt (2012): $10.3M featuring Castletop Capital
Private Equity (2013): $93.2M backed by The Blackstone Group, LP, Castletop Capital, Ritchie Capital Management, LLC, and RRE Ventures
Debt (2015): $17.6M with participation from RRE Ventures LLC. and The Blackstone Group L.P.
Key Investors in OpenPeak
RRE Ventures
RRE Ventures is a venture capital firm that supports founders at critical stages, investing in a diverse portfolio of startups and fostering long-term partnerships with entrepreneurs. They back exceptional teams and innovative ideas to drive growth and success.
The Blackstone Group L.P.
Blackstone is a global investment firm managing diversified asset portfolios across private equity, real estate, and credit. They partner with companies to create long-term value through disciplined investment strategies and operational expertise.
Castletop Capital
Castletop Capital is an investment and management firm specializing in actively managing real estate holdings and portfolio companies, with a focus on Central Texas. They enhance investment value through active participation and management.
What's next for OpenPeak?
With a substantial enterprise-level funding history and a recent strategic investment, OpenPeak appears to be in a scaling phase, likely focusing on expanding its service offerings and market reach. The company's emphasis on mobile application development for diverse business needs positions it well within the growing digital transformation landscape. Future strategic moves may involve further technological innovation, strategic partnerships, or market penetration into new verticals, leveraging its established expertise in app development and process automation.
See full OpenPeak company page
