FinTechFunding

Openn: Selected for venture capital-backed REACH Canada program

Openn Selected for venture capital-backed REACH Canada program

  • Openn Negotiation (OPN), through its US subsidiary, has been selected by REACH Canada Accelerator to participate in the REACH Canada 2022 Program
  • REACH Canada is a Second Century Ventures company, an early stage real estate technology venture capital fund
  • In exchange for participation in the program, the company will pay REACH and its affiliates a US$250,000 (A$341,800) programme fee in instalments
  • The company has also entered into a binding side letter with REACH under which REACH affiliates will make an equity investment in Open
  • Shares in OPN are trading steady at 18 cents
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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