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OpenInvest Secures USD 10.5 Million in Series A1 Round of Financing
The additional funding is expected to help accelerate OpenInvest’s mission to power impact investing globally. OpenInvest is a tech-enabled asset manager that provides customization, direct indexing, and ESG investing at scale
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CIO Applications | Monday, April 20, 2020

The additional funding is expected to help accelerate OpenInvest’s mission to power impact investing globally. OpenInvest is a tech-enabled asset manager that provides customization, direct indexing, and ESG investing at scale
Fremont, CA: Tech-enabled asset management firm OpenInvest raised USD 10.5 million in a Series A1 round of financing led by QED Investors, with participation from existing investor SystemIQ and two additional investors: Resolute Investment Managers and ABN AMRO Ventures. The new round of funding takes the company's total funding to USD 23.8 million since its launch in 2015. The additional funding is expected to help accelerate their mission to power impact investing globally. OpenInvest is a tech-enabled asset manager that provides customization, direct indexing, and ESG investing at scale.
"OpenInvest is disrupting traditional asset management and ushering in the post-fund world. Our software enables financial advisors to seamlessly personalize products for clients according to their values and tax situations," said Josh Levin, Chief Strategy Officer and Co-founder, OpenInvest. "Our new round of funding helps us expand engineering capacity to meet rapidly growing demand across wealth and asset management platforms."
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The Series A1 round of financing comes on the heels of a terrific year for OpenInvest, which included expanding its partnerships, leadership team, engineering capacity, and product suite. Last year, the company announced partnerships with Legal and General Investment Management America and Bank of the West, expanded impact reporting and tax optimization capabilities, and added investing categories targeting Disability Inclusion, Racial Justice, and Heart Healthy investing.
"OpenInvest is powering tech-enabled impact investing that is flexible enough to account for investors' preferences without sacrificing the rigor that asset managers must adhere to as fiduciaries," Hugo Bongers, Managing Director, ABN AMRO Ventures. "ESG investing and sustainable investing, combined with the OpenInvest approach, are at the core of our purpose and strategy of banking for better for generations to come."
In 2020, OpenInvest was recognized by Fast Company on their 2020 Most Innovative Companies list and also won the "Best Retail Investment Platform" in the annual FinTech Breakthrough Awards. The company also launched a commercial partnership with Resolute. According to Gene Needles, CEO of Resolute, "Our investment in OpenInvest is well-timed to help us meet accelerated demand for impact investing solutions at scale."
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