About Open
Open is a mindfulness studio that focuses on improving mental and physical well-being through various services. It offers meditation, music, breathwork, and movement sessions to help clients become more aware and present. The studio caters to a wide range of individuals, from those new to mindfulness to seasoned practitioners. Open operates in the wellness market by providing both in-person and online classes, workshops, and memberships. Revenue comes from class fees, membership subscriptions, and special events. What sets Open apart from its competitors is its holistic approach, which combines different disciplines to create a well-rounded mindfulness experience.
Los Angeles, CaliforniaHeadquarters
2018Year Founded
$14MTotal Funding
SERIES_ACompany Stage
Education, HealthcareIndustries
51-200Employees
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
Company Equity
Risks
Increased competition from new wellness firms like 4B challenges Open's market position.
Potential market saturation makes it difficult for Open to differentiate its offerings.
Economic downturns may reduce spending on wellness services, impacting Open's revenue.
Differentiation
Open offers a holistic approach integrating meditation, music, breathwork, and movement.
The studio caters to both beginners and experienced practitioners in mindfulness and wellness.
Open combines in-person and online classes, workshops, and memberships for a comprehensive experience.
Upsides
Open raised $9M in Series A funding, enhancing growth and service expansion.
Increased demand for online mindfulness classes due to COVID-19 boosts Open's digital offerings.
Corporate wellness programs focusing on mental health present new opportunities for Open.
Funding
Total raised$14.00 M
Latest valuation$45.00 M
StageSERIES_A
SERIES A
9/30/2021$9
$45.00 MSEED
10/31/2019$5
$26.95 M