Tech Company Financing Transactions
OpenReel Funding Round
OpenReel, based in New York, secured $19 million from Five Elms Capital.
Transaction Overview
Company Name
Announced On
3/19/2021
Transaction Type
Venture Equity
Amount
$19,000,000
Round
Series A
Investors
Five Elms Capital (Thomas Kershisnik)
Proceeds Purpose
The money will allow the company to develop new product features (one possibility: support for livestreamed videos, rather than just pre-recorded footage), as well as continued global growth, after an international push last year that saw the platform launching across 125 countries.
Company Information
Company Status
Private & Independent
Industry
Digital Media & VR & AR
Mailing Address
100 Park Ave. 1600
New York, NY 10017
USA
New York, NY 10017
USA
Phone
Website
Email Address
Overview
OpenReel saw an opportunity to streamline the process of creating professional quality video content. Having experienced firsthand how resource-intensive video shoots were, we sought to engineer a way to remotely capture clear, high definition video. We are an outstanding crew with diverse backgrounds and perspectives led by proven entrepreneurial leaders.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Lee Firestone
Chief Technical Officer
Joseph Mathew
VP - Marketing
Teresa Hill
VP - Operations
Joseph Restivo
VP - Sales
Daniel Fitzhugh
VP - Sales
Tyler Koryak
VP - Sales
Justin Swain
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We do our best to report on every notable VC transaction. VC investment data records reported here are derived from a variety of public sources. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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