OpenStore was founded by proven operators like Keith Rabois (General Partner at Founders Fund, ex COO at Square / VP at LinkedIn / Paypal Mafia), Jack Abraham (Managing Partner at Atomic), Michael Rubenstein, Matt Lanter and Jeremy Woods. OpenStore recently raised $75 million in a Series B fundraising round at a $750 million valuation from General Catalyst, Khosla Ventures and Founders Fund.
It's never been easier for anyone to create their own e-commerce brand. But when it's time for an entrepreneur to move on — whether it be a new idea, changed life circumstance, or waning interest — most are unable to sell their business and need to wind it down instead. It's a lose lose situation for the entrepreneurs who have nothing to show for their years of hard work, and for the customers who have grown to love their brand.
OpenStore makes it easy and instant to sell your e-commerce business. With just a few clicks, entrepreneurs have access to a 6-to-7 figure buyout within weeks. By automating the sales process, we've empowered entrepreneurs to quickly move onto what's next and enabled their brands to continue serving their customers without them. Many of our founders use their cash influx to pursue new ideas, career paths, and life goals. In this way, we're making "the American Dream" more accessible, encouraging more entrepreneurship, and inviting more people into the future of retail.