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OpenPhone Raises $14M Series A Financing

2020-11-18
SAN FRANCISCO, CA, OpenPhone, the highest-rated modern business phone app, has raised a $14 million Series A funding round.
The round was led by David Sacks of Craft Ventures with participation from Slow Ventures, Kindred Ventures, Y Combinator, Garage Capital, and Chapter One Ventures. Concurrent with the new funding, OpenPhone is launching a major upgrade today, including new HubSpot and Zapier integrations, group messaging, analytics, search, and international calls and messaging.

Other Series A investors include: Todd Goldberg and Rahul Vohra of Todd & Rahul Angel Fund, Brianne Kimmel of Worklife VC, and Elad Gil. This lineup of investors reflects the sizable market opportunity and the confidence in OpenPhone's fast-paced forward trajectory. OpenPhone's latest round of financing will go toward recruiting top talent for its growing engineering and product design teams and developing innovative solutions to help expand its customer base.

Founded in 2018, OpenPhone is building a new kind of business phone. It provides companies, teams, and people everything they would expect from a modern phone at a cost-competitive price. In just two years, OpenPhone has grown to serve thousands of businesses and professionals around the world. OpenPhone's mission is to enhance the way people communicate at work and bring the business phone out of the stone age. The company is based in San Francisco, California and has raised $16 million to date. To learn more, visit https://www.openphone.co.
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