&Open Raises $26M in Series A Funding

&OpenThe Series A funding for a startup in Ireland, ‘The Platform to Deliver Gifts at Scale for Companies’, was $26m.

Molten Ventures led this round which saw the capital raised reach $33.2 million. Participation came from First Round Capital and LocalGlobe as well as Tribal VC and new investor Middlegame Ventures.

The company plans to use the funds for expansion and to increase its business reach.

Founded in 2017 by Jonathan Legge, Mark Legge and Ciara Flood, &Open is a SaaS gifting platform that helps companies to send meaningful gifts at scale. The company builds loyalty between brands, customers and employees by providing thoughtful gifts, curation, and sending. FLOWERBX is one of the community’s vendors. Flamingo Estate and MasterClass are also included. Momofuku is also part of this vendor network. The platform can be integrated with companies’ existing processes and workflows, enabling businesses to have gifts delivered to customers, clients, prospects, and employees around the globe.

The company provides services for brands such as Airbnb and Spotify.

FinSMEs

22/06/2022

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