About OpenStore
OpenStore is a company based in Miami (United States) founded in 2021 by Jack Abraham and Jeremy Wood. OpenStore has raised $137 million across 4 funding rounds from investors including Khosla Ventures, Atomic and Lux Capital.
- Headquarter Miami, United States
- Founders Jack Abraham, Jeremy Wood
- Stage Soonicorn
- SectorsRetail
- Email••••••••
- Website open.store
- Social LinkedIn X Instagram YouTube
- Legal Name Open Store
- Total Equity Funding$137M (USD)
in 4 rounds
- Latest Funding Round$32M (USD), Series B
Sep 2022
- InvestorsKhosla Ventures
& 5 more
Apps and channels of OpenStore
its YouTube channel OpenStore has 164 subscribers and 13 videos.
Videos from OpenStore
The most watched videos on OpenStore's YouTube channel, OpenStore (164 subscribers). Click a video to play it here.
More on OpenStore.
Funding Insights of OpenStore
OpenStore has successfully raised a total of $137M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $32 million completed in September 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $137M
- Total Rounds 4
- Last Round Series B — $32M
- First Round $30M
(Jul 2021)
- Investors Count 6
All 4 funding rounds of OpenStore with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2022 | $32M | Series B | $970M | Lux Capital | |
| Nov 2021 | $75M | Series B | – | Atomic, Founders Fund | – |
| Jul 2021 | – | Debt – Conventional | – | – | – |
| Jul 2021 | $30M | Series A | – | Khosla Ventures |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2022 | $970M | •••••••• |
Last known valuation $970M (Sep 2022). 6 investors in total: 6 institutional.
Investors in OpenStore
OpenStore has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Khosla Ventures, Atomic and Lux Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed and early-stage technology companies are funded by Lux Capital. | – | luxcapital.com | Menlo Park, United States | |
Atomic is recognized as a venture studio partnering with co-founders to build innovative companies. | – | atomic.vc | - | |
Venture capital investments in technology and defense sectors. | – | foundersfund.com | - | |
Investment and transformation services for entrepreneurs in technology and finance sectors. | – | generalcatalyst.com | - | |
Early-stage startups are funded by this venture capital firm. | 2004 | khoslaventures.com | Menlo Park, United States | |
Skiing equipment and apparel are offered by an internet-first brand. | 2004 | atomic.com | Altenmarkt Im Pongau, Austria |
Investor details for OpenStore
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of OpenStore
31 people are tracked at OpenStore (13 in leadership, 18 in team).
| Name | Role | Group |
|---|---|---|
Jack Abraham | Co-Founder | Leadership |
Jeremy Wood | Co-Founder | Leadership |
Michael Rubenstein | President & Co-Founder | Leadership |
Matt Lanter | Head of Product | Leadership |
Keith Rabois | CEO & Co-Founder | Leadership |
David Reifschneider | Head Of Supply Chain | Leadership |
Chloe Rhys | Head Of Creative | Leadership |
Matthew Stanley | Head Of Creative Studio | Leadership |
Sergey Lypko | Head Of Finance / CFO | Leadership |
Shaun Neal | Head Of Fulfillment | Leadership |
Rebecca Traverzo | Head Of Marketing | Leadership |
Lucas MacHado | Head Of S&op | Leadership |
Ashley Mocny | Design Director | Leadership |
Camila Salinas | Customer Support | Team |
Yankho Trumble | Business Operations • CX Manager | Team |
Jimmy Z. | Engineering | Team |
Vladimir P. | Software Engineer | Team |
Yani McClean | Office Manager | Team |
Jasmine Zhu | Senior Software Engineer | Team |
Dov Quint | Storefronts Lead | Team |
11 more people are available in the full profile.
Complete people profiles for OpenStore
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of OpenStore
4 dated milestones of OpenStore across 1 years, from founding to its latest funding, stage changes and deals.
- Founded OpenStore is founded.
- Funding First funding round of $30.0M.
- Funding Latest funding round, Series B, of $32.0M.
- Milestone Reaches Soonicorn status.
Web traffic of OpenStore
Websites that share an audience with OpenStore (open.store).
Websites whose visitors overlap most with OpenStore. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
buildd.co | buildd.co | 100% | – | #587,160 | – |
fuelone.in | fuelone.in | 100% | – | #170,630 | – |
| zoko.io | 60% | 640.4K | #76,301 | View details |
Latest news on Openstore
Complete news archive for OpenStore
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to OpenStore
10 companies that operate in the same segment as OpenStore (E-Commerce Sellers & Service Providers), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Global commerce and digital cloud transformation services are provided internationally. | 2003 | Quebec City, Quebec, Canada | USD 143 M | – | – | |
Provider of essential services for merchants including business management, customer analysis, and payment services | 2016 | Seoul, South Korea | USD 131.97 M | – | – | |
E-commerce support services are provided to various clients. | 1899 | Bradford, West Yorkshire, United Kingdom | – | – | – | |
Omni-channel payments solutions are provided for businesses worldwide. | 1981 | Alpharetta, Georgia, United States | – | USD 1.87 B | 531 | |
Apparel and accessories for men, women, and kids are retailed. | 1987 | New York, New York, United States | – | USD 596.6 M | 1,321 | |
E-commerce support services are provided to online businesses. | 1969 | Eastleigh, Hampshire, United Kingdom | – | – | – | |
Marketing and sales services are delivered to retailers by SPAR. | 1967 | Auburn Hills, Michigan, United States | – | USD 163.63 M | 3,420 | |
Customer analytics solutions are provided for brands and retailers. | 1979 | Chicago, Illinois, United States | USD 100.32 M | – | – | |
Oversize accelerator software solutions are provided for bulky e-commerce products. | 2006 | Lincoln, Nebraska, United States | USD 208 M | – | – | |
E-commerce support services are provided to businesses internationally. | 2012 | Munchen, Bayern, Germany | USD 25.01 M | – | – |
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Frequently Asked Questions about OpenStore
OpenStore was founded in 2021.
OpenStore is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
OpenStore is a funded company, having raised a total of $137M across 4 funding rounds to date.
OpenStore was established in 2021 in Miami, United States, within the e-commerce sector. Shopify-based businesses are purchased by the company, often within two weeks, with sellers receiving 80 of the payment initially and the balance later. Operations center on facilitating acquisitions for entrepreneurs in the Shopify ecosystem. A Series B funding round of 75 million was secured recently, led by General Catalyst. Co-founders include Jack Abraham and Jeremy Wood.
OpenStore has 6 investors. Key investors include Khosla Ventures, Atomic, Lux Capital, Atomic, and Founders Fund.
The valuation of OpenStore is $970M as of Sep 2022.
OpenStore operates through Open Store.