Open, a Los Angeles, CA-based mindfulness studio, raised $9M in Series A funding.
The round was led by existing investor Founders Fund and A.Capital Ventures with participation from Susa Ventures, Aglaé Ventures, backed by Groupe Arnault, as well as a roster of prominent CEOs in consumer technology such as Twitter and DoorDash, among others.
The company intends to use the funds to continue to expand operations and its business reach.
Launched in 2020 by Raed Khawaja, CEO, Open is a mindfulness studio offering experiences that combine breathwork, meditation, yoga, Pilates, and more to support transformation and personal development. Classes are designed to engage the senses and regulate the nervous system to reach a meditative state that many find elusive. Breathwork techniques are woven into each experience to strengthen the mind body connection through mental and physical training.
To create broader access, Open offers free guest passes; subscribers can (virtually) bring friends to classes in a group by sending a link. It offers in person classes at their studio in Venice, facilitating presence, together. The company curates and creates music for each practice as a sonic guide to break down perceived barriers around meditation by partnering with record labels, cultural curators, and artists such as Moses Sumney, UMI, Ólafur Arnalds, Perfume Genius, and more.