OpenStore
OpenStore Logo

OpenStore

Get paid for your Shopify store.

About

Founded

2021

Headquarters

Miami, Florida

Industry

E-commerce

Company Description

OpenStore is reimagining the future of e-commerce. Today, we're building the technology and team to identify, value, acquire and scale long-tail e-commerce brands. We envision a future where emerging e-commerce brands have access to instant liquidity for their businesses and where consumers have ready access to the best small-brand products.

Quick Links

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Funding

Total Raised

$150 million

Valuation

$970 million

Significant Investors

Lux Capital, Atomic, Founders Fund, General Catalyst, Khosla Ventures

Company Traction

  • As of June 2023, OpenStore reported 1.7 million consumers buying from their stores, 40+ Shopify stores in their portfolio, and 100,000+ products across multiple categories.
  • In September 2022, OpenStore reported its acquisition sweet spot as US DTC brands doing between $1 million to $10 million in gross merchandise volume.

Leadership Team

  • Keith Rabois: Co-Founder & CEO of OpenStore. General Partner at Founders Fund.
  • Jeremy Wood: Co-Founder & Engineering at OpenStore. Former Engineering at Google.
  • Matt Lanter: Co-Founder & Head of Product of OpenStore. Former Chief of Staff at Founders Fund.
  • Frank Kosarek: Head of Sourcing at OpenStore. Former Business Operations at Atomic.
  • Daniel Lynch: Head of Finance at OpenStore. Former Head of Finance at Pathpoint. 

Press

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