When was OpenStore founded?

OpenStore was founded in 2021 and raised its 1st funding round within a year of its incorporation.

Where is OpenStore located?

OpenStore is headquartered in Miami, United States. It is registered at Rīga, Slokas iela 12 - 22.

How many employees does OpenStore have?

As of Jul 22, 2025, the latest employee count at OpenStore is 69.

Is OpenStore a funded company?

OpenStore is a funded company, having raised a total of $137M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jul 15, 2021.

How much is OpenStore worth?

The latest valuation of OpenStore is $***** as of Sep 22, 2022.

When was the latest funding round of OpenStore?

OpenStore's latest funding was a $***** Series B round on Sep 22, 2022, with participation from 5 investors. Its primary sector is E-Commerce Support Services. Globally, the E-Commerce Support Services sector has seen $273M in funding in 2026 to date.

Where does OpenStore rank among its competitors?

OpenStore ranks 8th amongst 833 active competitors, of which 73 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was OpenStore, which secured $32M in Sep, 2022.

Who are the top competitors of OpenStore?

OpenStore's top competitors include Weebly, Fynd and Webs. Among them, OpenStore secured the most recent funding round in September, 2022.

OpenStore - 2026 Company Profile, Team, Funding & Competitors

OpenStore is a series B company based in Miami (United States), founded in 2021 by Jack Abraham, Michael Rubenstein and Matt Lanter. It operates as a Company that acquires shopify businesses and offers a hassle-free acquisition process. OpenStore has raised $137M in funding from investors like Khosla Ventures, Founders Fund and General Catalyst, with a current valuation of $*****. The company has 833 active competitors, including 73 funded and 45 that have exited. Its top competitors include companies like Weebly, Fynd and Webs.

Company Details

OpenStore is a Miami-based company that offers a hassle-free acquisition process for Shopify entrepreneurs. They buy businesses in as little as two weeks and provide two payments, with sellers receiving 80% of the payment. OpenStore was founded in 2021 by Keith Rabois and other e-commerce experts to empower entrepreneurs. They recently raised $75 million in a Series B funding round led by General Catalyst to acquire more brands in the Shopify ecosystem.

Website: open.store
Social
Email ID: *****@open.store
Registered Address: Rīga, Slokas iela 12 - 22

Key Metrics

Founded Year

2021

Location

Miami, United States

Stage

Series B

Total Funding

$137M in 4 rounds

Latest Funding Round

Series B, Sep 22, 2022, $*****

Post Money Valuation

$***** as on Sep 22, 2022

Investors

Khosla Ventures & 13 more

Ranked

8^th among 833 active competitors

Employee Count

69 as on Jul 22, 2025

Similar Companies

Skai Lama & 43 more

View OpenStore's full profile

OpenStore is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Open Store CIN: 50103856251 , Latvia, Active	Dec 18, 2014	€0 - €1M (As on Dec 31, 2024)	4 (As on Dec 31, 2022)	-

OpenStore has raised a total funding of $137M over 4 rounds. Its first funding round was on Jul 15, 2021. Its latest funding round was a Series B round on Sep 22, 2022 for $*****. 5 investors participated in its latest round. OpenStore has 14 institutional investors.

Here is the list of recent funding rounds of OpenStore:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 22, 2022	1518886	Series B	7348351	1142369	9203429	8368330
Nov 17, 2021	5569970	Series B	3792283	9155598	9202830	5046983
Jul 15, 2021	5228063	Conventional Debt	5046114	9011549	9059440	1579248

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View details of OpenStore's funding rounds and investors

The founders of OpenStore are Jack Abraham, Michael Rubenstein and Matt Lanter.

Here are the details of OpenStore's key team members:

Jack Abraham: Co-Founder of OpenStore.
Contact Info: 1 email address
Michael Rubenstein: Former Co-Founder of OpenStore.
Matt Lanter: Former Co-Founder of OpenStore.

View details of OpenStore's Founder profiles and Board Members

OpenStore's employee count trend

OpenStore has 69 employees as of Jul 25. Here is OpenStore's employee count trend over the years:

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Top competitors of OpenStore include Weebly, Fynd and Webs. Here is the list of Top 10 competitors of OpenStore, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Weebly 2007, San Francisco (United States), Acquired	Provider of tools for website creation, e-commerce, and marketing	$39.8M	Sequoia Capital, Tencent & 26 others	74/100
2nd	Fynd 2012, Mumbai (India), Acquired	Platform powering online and in-store retail operations using AI-driven tools	$16M	Kae Capital, Kalysta Capital & 92 others	72/100
3rd	Webs 2001, United States, Public	Provider of tools for website creation, hosting, and online business	$23.1M	Columbia Capital, QED Investors & 7 others	71/100
4th	Nuvemshop 2011, Sao Paulo (Brazil), Series E	Nuvemshop (also known as Tiendanube in Spanish-speaking countries) is a SaaS-based e-commerce platform provider for businesses of all sizes across Latin America	$632M	Kaszek, IGNIA & 24 others	69/100
5th	Jimdo 2007, United States, Series B	Provider of tools for website creation, online sales, and bookings	$28.5M	Spectrum Equity, Global Founders Capital & 3 others	65/100
6th	LummoSHOP 2019, Jakarta (Indonesia), Series C	Provider of storefront solution for online businesses	$149M	Peak XV Partners, Surge & 32 others	63/100
7th	Duda 2009, Palo Alto (United States), Series D	Cloud-based software solution to create online stores for e-tailers	$100M	Susquehanna Growth Equity, Zeev Ventures ... & 11 others	63/100
8th	OpenStore 2021, Miami (United States), Series B	Company that acquires shopify businesses and offers a hassle-free acquisition process	$137M	A-Rod, Susa Ventures & 12 others	62/100
9th	Canal 2021, San Francisco (United States), Acquired	Provider of sales platform to promote D2C brand sales	$27M	Forerunner Ventures, Andreessen Horowitz & 7 others	61/100
10th	Bikayi 2018, Hyderabad (India), Series A	Platform offering E-commerce solution for social businesses	$12.8M	Mantis VC, Peak XV Partners & 10 others	61/100