OpenReel Raises $19M in Series A Funding


OpenReel, a NYC-based remote video creation platform, closed a $19M Series A financing.

Five Elms Capital made the investment.

The company plans to further expand its offering into the enterprise video stack while continuing to develop its patented technology that enables globally distributed teams to remotely control, direct, record, and collaborate on high-definition video projects in over 125 countries.

Led by Lee Firestone, CEO, OpenReel provides a suite of remote video direction, capture, and collaboration capabilities for enterprises, media, and entertainment companies worldwide to direct and film up to 4K video content from over 125 countries.

OpenReel is used by more than 200 enterprise clients and hundreds of small-to-medium-size businesses.

Current investors in the company include Las Olas Venture Capital, Alpine Meridian Ventures, Brooklyn Bridge Ventures, Forefront Ventures, WorkerBee.TV as well as angel investors.