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Overview
Open.Store buys online businesses, runs them for a year, and then sells curated products from its own exclusive brands. It also resells the businesses it buys. The company guarantees the original owner a fixed monthly income during the one-year management period, providing a safety net during the transition. Revenue comes from selling curated products and later from the sale of the businesses themselves. Open.Store aims to offer a hassle-free, two-week acquisition process, making it easy for online store owners to exit or for others to take control with minimal effort. In short, Open.Store acts as a bridge: it acquires an online store, manages it for a year with income guarantees, and then sells both the business and its curated product line to new owners.
About OpenStore
Industries
Consulting
Consumer Software
Enterprise Software
Company Size
1-10
Company Stage
Late Stage VC
Total Funding
$137M
Headquarters
Miami, Florida
Founded
2021
Simplify's Take
What believers are saying
- $5M Kansas City hub operational June 2025 boosts fulfillment capacity.
- Miami office expanded to 27,000 sq ft fosters talent retention.
- Portfolio of 40+ brands across apparel enables cross-selling synergies.
What critics are saying
- Valuation crashed from $1B to $50M after $15M raise.
- Downsized to single brand amid aggregator market collapse.
- Keith Rabois returned to Khosla Ventures, distracting leadership.
What makes OpenStore unique
- OpenStore automates Shopify store pricing for offers within one day.
- OpenStore guarantees sellers monthly income during one-year management.
- OpenStore launched OpenDesk AI handling 71% of customer inquiries.
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Funding
Total Funding
$137M
Above
Industry Average
Funded Over
3 Rounds
General Catalyst
Founders FundBenefits
Health Insurance
Dental Insurance
Vision Insurance
Company Equity
401(k) Company Match
Unlimited Paid Time Off
Fitness Stipend
Fertility Treatment Support
Meal Benefits
Company News
The dramatic downsizing to a single brand comes as OpenStore in recent weeks raised a $15 million funding round that valued the company at just $50 million, a fraction of its previous $1 billion valuation, CNBC has confirmed.
OpenStore to spend $5 Million to occupy 113,000 square feet of space in Kansas City Missouri. OpenStore to spend $5 Million to occupy 113,000 square feet of space in Kansas City Missouri.Kansas City, Missouri — According to state and local development sources, OpenStore plans to invest $5,000,000.00 to build out 113,000 square feet of new space in Kansas City. The company plans to occupy the new space in Kansas City, on or about June 1, 2025. According to the company website OpenStore is on a mission to inspire entrepreneurs and shoppers to find something new. We give entrepreneurs the simplest way to sell their e-commerce businesses and receive liquidity. Weve paid millions of dollars to entrepreneurs all over the country, freeing them up to start new companies, spend time with family, or take a well-deserved break
OpenStore invests $5 million in Kansas City fulfillment hub.
OpenStore, an innovative e-commerce platform transforming how businesses scale and operate, announced today that it will establish its first-ever fulfillment center in Kansas City, investing $5 million and creating 46 new jobs.
While at Founders Fund, Rabois made investments including fintech unicorn Ramp, industrial staffing startup Traba and small business-focused banking, bookkeeping and tax platform Found; he also cofounded online merchant acquirer OpenStore, which itself has raised more than $100 million in funding.
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About OpenStore
Industries
Consulting
Consumer Software
Enterprise Software
Company Size
1-10
Company Stage
Late Stage VC
Total Funding
$137M
Headquarters
Miami, Florida
Founded
2021
There are no jobs for OpenStore right now.
Find jobs on Simplify and start your career today