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5th March 2019

Innovative Welsh firm OpenGenius raises £1.1m

With the backing of an equity investment package of £500,000 from the Development Bank of Wales and a further £600,000 from private investors, OpenGenius has its sights on global expansion and stock market flotation.

Cardiff-based OpenGenius, which develops high-tech software for innovators and creative teams, has enjoyed increasing momentum over the past few years.

Task management app, DropTask, has attracted a worldwide customer base, with teams and individuals at Harvard University, Nike, Ralph Lauren, Coca-Cola and McDonald's, among others, all joining its client list. Whilst iMindMap is an all-in-one Mind Mapping and visual thinking tool – the software is used for creative ideation by a large number of varied industries; ranging from education to finance.

In 2017, OpenGenius became the first Welsh company to be selected for the international 'accelerator' training and networking programme (ELITE) at the London Stock Exchange. A scheme which has helped them develop their scalable business model as well as building new strategic partnerships, increasing sales and raising awareness of their brand and pioneering products.

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