Openmart builds an AI-driven database that scrapes public business filings, maps, customer reviews and other sources to aggregate local businesses organized by type. Users provide prompts describing target buyers and Openmart returns lists of potential sales leads with owner names and contact information. The company was founded by Kathryn Wu and Richard He in late 2023 and participated in Y Combinator’s W24 cohort. While originally inspired by a founder’s small-business side hustle, the team initially targets enterprise customers — including Fortune 500 companies and Series B/C startups — with plans to develop tiers for medium-sized enterprises later. Openmart is focused on small and medium businesses long-term but plans to expand into other areas selectively. The startup says AI enables a smaller, more efficient engineering team, reducing near-term hiring capital needs.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Aug 2024