Fundz

Openenvoy Secures $15 Million In Series A Funding Led By Rre Ventures

PRIVATEMay 03, 2023

Amount Raised

$15 Million

Round Type

Series A

OaklandFinancial ServicesFintech

Investors

Uncorrelated VenturesRiot VenturesHack VCCoelius CapitalRRE Ventures

Description

OpenEnvoy, the Silicon Valley AI company that has built the industry-leading solution for accounts payable (AP) automation, today announced it secured $15 million in Series A financing led by RRE Ventures, including participation from Coelius Capital, Hack VC, Riot Ventures, and Uncorrelated Ventures.

Quick answer

OpenEnvoy raised $15 Million in a Series A round, dated May 3, 2023. Investors: Uncorrelated Ventures, Riot Ventures, Hack VC, Coelius Capital and RRE Ventures. OpenEnvoy is based in Oakland, California, United States.

How much did OpenEnvoy raise?
OpenEnvoy raised $15 Million in a Series A round on May 3, 2023.
Who invested in OpenEnvoy?
Uncorrelated Ventures, Riot Ventures, Hack VC, Coelius Capital and RRE Ventures are named as investors in this round.
What does OpenEnvoy do?
OpenEnvoy enables finance teams of all sizes with visibility, automation, and cash flow solutions.
Where is OpenEnvoy based and how big is it?
OpenEnvoy is based in Oakland, California, United States.
Who are the decision-makers at OpenEnvoy?
Fundz holds 1 contact at OpenEnvoy. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Fintech around the same time

Companies in the same sectors as OpenEnvoy that raised within 45 days of this round, from Fundz verified event records.

  • Basic Home Loan raised $4.7M (Seed) on June 14, 2023.
  • Truework raised $24M (Funding Round) on June 14, 2023.
  • BoomFi raised $3.8M (Seed) on June 13, 2023.
  • Omnevue raised $3.1M (Seed) on June 13, 2023.
  • Lentra raised $27M (Series B) on June 7, 2023.
  • Boom raised $4.5M (Seed) on June 6, 2023.

Who to call at OpenEnvoy, and when

A new round usually means OpenEnvoy is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day OpenEnvoy raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at OpenEnvoy, from your own LinkedIn network

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Company Information

Company

OpenEnvoy

Location

Oakland, California, United States

About

OpenEnvoy enables finance teams of all sizes with visibility, automation, and cash flow solutions. Learn more about how we can help you prevent wasted spend today!

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment OpenEnvoy raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

OpenEnvoy raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.