# OpenStore

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/openstore

- Industry: Internet
- Headquarters: Miami, US
- Total disclosed funding: $152M
- Latest round: Series C (Jun 1, 2025)
- Investors on record: 5

## About

OpenStore is a Miami-based acquisition platform that simplifies the process for Shopify brands looking to sell. It streamlines e-commerce transactions for founders seeking efficient exits.OpenStore, founded in 2021 in Miami, US, provides an acquisition service for e-commerce brands, specifically Shopify stores. The company was co-founded by Jack Abraham, Jeremy Wood, and Sean Myburgh. The current CEO is Keith Rabois. In August 2022, OpenStore raised USD 32.00 mn in a Series B funding round led by Lux Capital, bringing the total amount raised to USD 32.00 mn and placing the company's valuation at USD 873.935 mn.OpenStore primarily offers a streamlined acquisition service for Shopify brands, simplifying the selling process for founders looking to exit their businesses. Their core product, the OpenStore platform, facilitates the evaluation and purchase of e-commerce businesses, providing sellers with tailored cash offers based on performance metrics within 3-5 business days. Their client base consists of e-commerce entrepreneurs across various categories, including apparel, beauty, and supplements, focusing mainly on high-growth, high-margin brands in North America and Europe.OpenStore generates revenue through the acquisition of Shopify businesses, offering upfront cash payments to founders in exchange for equity. The transaction structure typically involves an 80% cash payment at the outset and 20% upon completion of ownership transfer. This model allows OpenStore to manage operations and scaling of acquired brands, leveraging its expertise in marketing and supply chain to optimize profitability.In August 2022, OpenStore raised USD 32.00 mn in Series B funding led by Lux Capital. The company plans to utilize this funding to accelerate its acquisition pace, expand its team, and acquire more brands, thereby enhancing its operational capacity and market reach.

## Funding rounds

- Series C, Jun 1, 2025, $15M — Khosla Ventures, Atomic Management
- Series B, Aug 23, 2022, $32M — Lux Capital
- Series B, Nov 17, 2021, $75M — General Catalyst Partners, Founders Fund, Khosla Ventures, Atomic Management
- Series A, Jul 15, 2021, $30M — General Catalyst Partners, Founders Fund, Khosla Ventures, Atomic Management

## Investors

- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series A, Series B
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series A, Series B
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A, Series B, Series C
- Atomic Management (https://capitalatlas.ai/funds/atomic-management) — Series A, Series B, Series C
- Lux Capital (https://capitalatlas.ai/funds/lux-capital) — Series B