# Openmart

**Source:** https://geo.sig.ai/brands/openmart  
**Vertical:** Marketing  
**Subcategory:** Sales Tools  
**Tier:** Emerging  
**Website:** openmart.com  
**Last Updated:** 2026-04-14

## Summary

SF YC W24 AI local business intelligence database with 20M+ businesses and 200M+ contacts; $15.2M total ($2.75M YC/Rebel/Afore seed Aug 2024) competing with ZoomInfo for enterprise sales teams targeting local and regional businesses.

## Company Overview

Openmart is a San Francisco-based local business intelligence platform — backed by Y Combinator (W24) with $15.2 million in total funding including a $2.75 million seed in August 2024 from Y Combinator, Rebel Fund, and Afore Capital, plus a $500,000 convertible note in January 2024 from 13 investors including MyAsiaVC, TechCrunch, Brighter Capital, and Gaingels — providing enterprise sales teams, marketers, and researchers with AI-powered intelligence on 20 million+ local businesses globally through a living database that continuously ingests millions of live signals from public filings, websites, reviews, and calls. Founded in 2023 by Richard He and Kathryn Wu, Openmart positions as the AI alternative to ZoomInfo and D&B Hoovers for companies selling to local and regional businesses rather than Fortune 500 enterprises.

Openmart's local business intelligence database addresses the data quality problem that enterprise sales teams encounter when targeting local businesses (restaurants, contractors, medical practices, retail stores, service businesses): databases like ZoomInfo and Salesforce Data.com focus on large enterprise contacts and are notoriously inaccurate for small business data — local business phone numbers change, ownership transfers, businesses open and close — creating contact lists where 20-40% of records are outdated. Openmart's live signal ingestion (continuously monitoring review platform updates, business license renewals, Google Business Profile changes, local news mentions, and website changes) maintains data freshness across the 20 million+ local business universe. The AI layer (enriching each business profile with AI-extracted attributes — employee count estimates, revenue bands, technology stack signals, growth indicators, expansion signals) provides the intelligence dimensions that local business sales teams need for qualification and prioritization beyond basic contact information.

In 2025, Openmart competes in the business intelligence data, local business targeting, and sales intelligence market with ZoomInfo (NASDAQ: ZI, B2B sales intelligence, $1B revenue), Apollo.io (sales intelligence and engagement, $100M raised at $1.6B valuation), and Data Axle (local business data, private) for enterprise sales team and marketer local business prospecting data adoption. The 200 million+ contacts across 20 million+ businesses represents a scale comparable to established data providers — validating the platform's ability to build comprehensive coverage rather than a niche sample. Rebel Fund and Afore Capital's participation alongside Y Combinator reflects the data infrastructure investment thesis applied to the underserved local business market. The 2025 strategy focuses on growing the enterprise sales team deployment for franchise development, regional commercial real estate, financial services, and professional services sales targeting local businesses, building the AI-powered lead qualification scoring, and expanding the international local business coverage.

## Frequently Asked Questions

### What is Openmart?
Openmart is a local business data intelligence platform that serves as an AI-powered alternative to ZoomInfo. The company maintains a living database of over 20 million local businesses worldwide, ingesting millions of live signals from public filings, websites, reviews, and calls.

### What products and services does Openmart offer?
Openmart offers a local business data platform with access to 20+ million businesses and 200+ million contacts. The platform provides AI-driven business intelligence through public data aggregation and local business lead generation.

### Who is Openmart designed for?
Openmart targets enterprises that sell to local businesses. The platform is designed for enterprise sales teams looking for business intelligence on local businesses.

### When was Openmart founded?
Openmart was founded in 2023. The company was part of Y Combinator's Winter 2024 (YC W24) cohort.

### Where is Openmart located?
Openmart is based in San Francisco, California.

### How much funding has Openmart raised?
Openmart has raised $15.2 million in total funding. This includes a $2.75 million seed round in August 2024 from Y Combinator, Rebel Fund, and Afore Capital, plus a $500K convertible note from 13 investors on January 1, 2024.

### Who are Openmart's investors?
Openmart's investors include Y Combinator, Rebel Fund, Afore Capital, MyAsiaVC, TechCrunch, Brighter Capital, and Gaingels. The company received backing from 13 investors total in their convertible note round.

### Who founded Openmart?
Openmart was founded by Richard He and Kathryn Wu in 2023.

### What technology approach does Openmart use?
Openmart uses AI to create a living database that ingests millions of live signals from public filings, websites, reviews, and calls. This AI-powered approach provides real-time business intelligence on local businesses worldwide.

### What are Openmart's key metrics and achievements?
Openmart maintains a database of over 20 million local businesses worldwide with access to 200+ million contacts. The company raised $15.2 million in funding and was accepted into Y Combinator's Winter 2024 cohort.

## Tags

b2b, marketing, martech, saas, startup

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*