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
