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How OpenMarkets CEO Dan Michalek grew OpenMarkets to $4.7M revenue with a 20 person team in 2024.

Provider of a technology-enabled healthcare service for purchasing capital equipment. The company provides a network of healthcare providers joined together to track equipment needs and then leverages the combined volume in order to negotiate better pricing with suppliers through an online marketplace.

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OpenMarkets Revenue

In 2024, OpenMarkets's revenue reached $4.7M. The company previously reported $2.8M in 2024. Since its launch in 2010, OpenMarkets has shown consistent revenue growth.

OpenMarkets Revenue GrowthReported revenue / ARR by year$0$1M$2M$3M$4M$5M20102012201420162018202020222024$0$1M$2M$5MSource: GetLatka.com
YearMilestone
2024OpenMarkets Hit $4.7m revenue in November 2024Source
2024OpenMarkets Hit $2.8m revenue in October 2024
2023OpenMarkets Hit $1.5m revenue in October 2023
2021OpenMarkets Hit $1.3m revenue in April 2021
2010Launched with $0 revenue

OpenMarkets Valuation, Funding Rounds

OpenMarkets is a bootstrapped Health Care Software startup. Founded in 2010, OpenMarkets has grown to $4.7M in revenue without raising any venture capital or outside funding.

As a self-funded Health Care Software SaaS company, OpenMarkets has built its business with no outside investment.

OpenMarkets Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$120102010 cumulative: $0 • 2010 Founded: $02010 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% Sold

OpenMarkets Employees & Team Size

OpenMarkets employs approximately 20 people as of 2026.

OpenMarkets has 20 total employees in different roles and functions and 4 sales reps that carry a quota.

OpenMarkets Team GrowthReported headcount over time051015202520102012201420162018202020222024002020Source: GetLatka.com
YearMilestone
2024Reached 20 employees (October 2024)
2023Reached 20 employees (October 2023)
2022Reached 18 employees (October 2022)
2021Reached 20 employees (December 2021)
2021Reached 15 employees (April 2021)

Founder / CEO

Dan Michalek

Dan Michalek is listed as Founder / CEO at OpenMarkets.

Q&A

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Customers

We do not have customer count information for OpenMarkets yet.

Frequently Asked Questions about OpenMarkets

What is OpenMarkets's revenue?

OpenMarkets generates $4.7M in revenue.

Who founded OpenMarkets?

OpenMarkets was founded by Dan Michalek.

Who is the CEO of OpenMarkets?

The CEO of OpenMarkets is Dan Michalek.

How much funding does OpenMarkets have?

OpenMarkets raised $0.

How many employees does OpenMarkets have?

OpenMarkets has 20 employees.

Where is OpenMarkets headquarters?

OpenMarkets is headquartered in Chicago, Illinois, United States.

Compare OpenMarkets to the industry

OpenMarkets operates across multiple industries. Browse revenue, funding, and growth data for OpenMarkets in each sector below.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .

OpenMarkets Revenue 2024: $4.7M ARR (Bootstrapped)