When was OpenEnvoy founded?

OpenEnvoy was founded in 2020 and raised its 1st funding round 1 year after it was founded.

Where is OpenEnvoy located?

OpenEnvoy is headquartered in Las Vegas, United States.

Who is the current CEO of OpenEnvoy?

Matthew Tillman of OpenEnvoy. They have also founded 1 company.

How many employees does OpenEnvoy have?

As of Aug 31, 2026, the latest employee count at OpenEnvoy is 55.

Is OpenEnvoy a funded company?

OpenEnvoy is a funded company, having raised a total of $21.5M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 13, 2021.

When was the latest funding round of OpenEnvoy?

OpenEnvoy's latest funding was a $***** Series A round on May 03, 2023, with participation from 5 investors. Its primary sector is RegTech. In United States, the RegTech sector has seen $948M in funding in 2026 to date.

Where does OpenEnvoy rank among its competitors?

OpenEnvoy ranks 58th amongst 2755 active competitors, of which 205 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Behavox, which secured $175M in Jun, 2026.

Who are the top competitors of OpenEnvoy?

OpenEnvoy's top competitors include Palantir, Avalara and Vanta. Among them, Behavox secured the most recent funding round in June, 2026.

OpenEnvoy - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of accounts payable and accounts receivable automation software solutions. The software captures, codes, and matches invoices in real time. It automates cash application, order entry, and reconciliation. The platform connects to systems for workflow automation. It offers features such as fraud detection, compliance control, and supplier visibility. The software is designed for finance, procurement, and IT roles across various industries.

Website: www.openenvoy.com/
Social

Key Metrics

Founded Year

2020

Location

Las Vegas, United States

Stage

Series A

Total Funding

$21.5M in 2 rounds

Latest Funding Round

Series A, May 03, 2023, $*****

Investors

RRE Ventures & 12 more

Ranked

58^th among 2755 active competitors

Employee Count

55 as on Aug 31, 2026

Similar Companies

Avalara & 1943 more

View OpenEnvoy's full profile

OpenEnvoy has raised a total funding of $21.5M over 2 rounds. Its first funding round was on Apr 13, 2021. Its latest funding round was a Series A round on May 03, 2023 for $*****. 5 investors participated in its latest round. OpenEnvoy has 11 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of OpenEnvoy:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 03, 2023	3891628	Series A	9286095	3565992	7709572	7830260
Apr 13, 2021	8692633	Seed	3682663	6704971	Riot	RRE Ventures & 7 more

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View details of OpenEnvoy's funding rounds and investors

The founders of OpenEnvoy is Matthew Tillman. Matthew Tillman is the CEO of OpenEnvoy.

Here are the details of OpenEnvoy's key team members:

Matthew Tillman: Co-Founder & CEO of OpenEnvoy and founder of 1 other company.
Contact Info: 1 email address

View details of OpenEnvoy's Founder profiles and Board Members

OpenEnvoy's employee count trend

OpenEnvoy has 55 employees as of Aug 26. Here is OpenEnvoy's employee count trend over the years:

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Top competitors of OpenEnvoy include Palantir, Avalara and Vanta. Here is the list of Top 10 competitors of OpenEnvoy, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Palantir 2003, Denver (United States), Public	Platform that provides data analysis and management solutions	$2.46B	Founders Fund, Artis Ventures & 171 others	85/100
2nd	Avalara 2004, Seattle (United States), Acquired	Provider of cloud-based solutions for tax compliance and related services	$343M	Sageview Capital, Battery Ventures & 19 others	77/100
3rd	Vanta 2018, San Francisco (United States), Series D	Provider of a platform for automating security and compliance programs	$504M	Sequoia Capital, Wellington & 22 others	77/100
4th	Behavox 2014, London (United Kingdom), Series C	Provider of AI-driven platform for regulatory compliance and risk management	$343M	Citi, SoftBank Vision Fund & 32 others	72/100
5th	AuditBoard 2014, Cerritos (United States), Acquired	Developer of software for governance risk and compliance management systems	$43.6M	Vebu, Mucker & 6 others	69/100
6th	GBTEC 2005, Bochum (Germany), Acquired	Cloud-based business process management software	$34M	Thecarlylegroup.fr, EDBI & 3 others	68/100
7th	OnFinance AI 2023, Bengaluru (India), Seed	Developer of artificial intelligence agents for automated regulatory compliance management	$5.25M	Haystack, Indian Angel Network & 73 others	66/100
8th	Truv 2020, Miami (United States), Acquired	Cloud-based platform for employee background verification	$28.5M	Kleiner Perkins, Chapter One & 8 others	65/100
9th	Vertex 1978, King Of Prussia (United States), Public	Provider of tax technology software and solutions for global businesses	-	HTIF, Marc Bell Capital	65/100
10th	Mitratech 1987, Austin (United States), Acquired	Provider of solutions for third party risk management to banks	-	TA Associates, HgCapital Trust & 5 others	65/100
58th	OpenEnvoy 2020, Las Vegas (United States), Series A	Provider of accounts payable and accounts receivable automation software solutions	$21.5M	RRE Ventures, Hack VC & 11 others	55/100