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
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Open Store
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$137 M (USD)
in 4 rounds
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Latest Funding Round
$32 M (USD), Series B
Sep 22, 2022
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Investors
Khosla Ventures
& 5 more
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Employee Count
Employee Count
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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 Total Funding
- Total Rounds 4
- Last Round Series B — $32.0M
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First Round
First Round
(15 Jul 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series B - OpenStore | Valuation | Lux Capital | |
| Nov, 2021 | Amount | Series B - OpenStore | Valuation | Atomic , Founders Fund |
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| Jul, 2021 | Amount | Debt – Conventional - OpenStore | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Seed and early-stage technology companies are funded by Lux Capital.
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Founded Year | Domain | Location | |
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Atomic is recognized as a venture studio partnering with co-founders to build innovative companies.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and defense sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by OpenStore
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - OpenStore
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Openstore Comparisons
Competitors of OpenStore
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Openstore
Frequently Asked Questions about OpenStore
When was OpenStore founded?
OpenStore was founded in 2021.
Where is OpenStore located?
OpenStore is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
Is OpenStore a funded company?
OpenStore is a funded company, having raised a total of $137M across 4 funding rounds to date.
What does OpenStore do?
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.
Who are OpenStore's investors?
OpenStore has 6 investors. Key investors include Khosla Ventures, Atomic, Lux Capital, Atomic, and Founders Fund.
What is OpenStore's valuation?
The valuation of OpenStore is $970M as of Sep 2022.