- OpenPhone recently announced it raised $40 million in Series B funding. These are the details.
OpenPhone – a company that provides phone services – recently announced it raised $40 million in Series B funding. Tiger Global led the Series B round of funding. And previous investors Craft Ventures, Slow Ventures, Garage Capital, and Worklife Ventures also participated, according to TechCrunch.
OpenPhone was founded by married founders Mahyar Raissi and Daryna Kulya a few years ago. The company participated in Y Combination in 2018 and now they have over 20,000 customers.
“The idea of the phone is at a crux of re-definement; out with the old landline and virtual PBX and in with the era of the smartphone. We still, however, refer to a phone by the old tethered experience. For the first time since the invention of the smartphone, OpenPhone will redefine what the phone is, how it’s used, and its fundamental function — building a new way users relate to technology and one another,” says the About page of the company’s website.
This round of funding will be used for expanding the communication and collaboration services it provides and building deeper integrations with the other productivity tools that its customers already use.