OpenPhone Announces Closed $40M Series A Funding

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OpenPhone, a San Francisco, CA-based company eTelephone, has raised $40m in Series A funding.

Tiger Global led the round, which also included participation from existing investors such as Garage Capital, Slow Ventures and Craft Ventures.

The funds will be used by the company to increase its growth, expand its workforce, and invest further in collaboration features and tool integrations.

OpenPhone’s CEO Mahyar Raissi is the co-founder and CEO. It provides businesses with a phone system that combines voice and texting services and new remote-friendly features such as shared phone numbers. This allows teams to share phone numbers and allow them to make calls, manage text messages, and keep track of contact details from anywhere. OpenPhone is available for iOS and Android as well as Windows, Mac, Windows and web browsers.

The company has more than 20,000 customers across dozens of industries, thanks to a collaborative-first approach similar to Slack and Figma.

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