OpenCorporates

OpenCorporates
Name	OpenCorporates
Industry	Data services
Founded	2010
Founders	Tim G and Chris Taggart
Headquarters	London, United Kingdom

OpenCorporates is a UK-based data company that provides access to corporate data and documents. The company was founded in 2010 by Tim G and Chris Taggart with the goal of making corporate data more accessible and transparent. OpenCorporates aggregates and standardizes data from various government agencies, registries, and other sources, providing a comprehensive database of corporate information. This database is used by a wide range of users, including businesses, lawyers, accountants, and journalists.

Overview

OpenCorporates is a leading provider of corporate data and documents, with a focus on transparency and accessibility. The company's mission is to make corporate data more open and accessible, with the goal of promoting accountability, transparency, and good governance. OpenCorporates has gained recognition for its innovative approach to data aggregation and standardization, and has been featured in various media outlets, including The Guardian, The Financial Times, and Wired.

Data and coverage

OpenCorporates aggregates data from various sources, including government registries, company registers, and other public databases. The company's database covers over 100 million companies worldwide, including publicly traded companies, private companies, and non-profit organizations. OpenCorporates provides access to a wide range of corporate data, including company filings, financial statements, and director information. The company's data is used by a variety of users, including business researchers, lawyers, and journalists.

Access and use

OpenCorporates provides access to its database through a web-based interface, allowing users to search and retrieve corporate data. The company also offers APIs and data downloads for users who require large amounts of data. OpenCorporates' data is used for a variety of purposes, including due diligence, risk assessment, and research. The company's users include law firms, accounting firms, and financial institutions, as well as journalists and researchers.

Business model and funding

OpenCorporates operates on a subscription-based model, with users paying for access to its database and data services. The company has received funding from various investors, including angel investors and venture capital firms. OpenCorporates has also generated revenue through data licensing and consulting services. The company's business model is focused on providing high-quality data and services to its users, while also promoting transparency and accountability.

Impact and reception

OpenCorporates has had a significant impact on the way corporate data is accessed and used. The company's innovative approach to data aggregation and standardization has made it easier for users to access and analyze corporate data. OpenCorporates has received positive reviews from users and critics alike, with many praising its commitment to transparency and accountability. The company has also been recognized for its contributions to open data and data journalism.

Legal and regulatory challenges

OpenCorporates has faced various legal and regulatory challenges in its operations. The company has had to navigate complex data protection laws and intellectual property regulations in different jurisdictions. OpenCorporates has also faced challenges related to data accuracy and data quality, and has had to implement robust data validation and data cleansing processes. The company has worked closely with regulators and law enforcement agencies to address these challenges and ensure that its data is accurate and reliable.

Category:Data companies