OpenStore

OpenStore is a Miami-based e-commerce and financial services company founded in 2021.

It specializes in acquiring and scaling long-tail e-commerce brands, primarily those on the Shopify platform. OpenStore's mission is to provide instant liquidity to Shopify entrepreneurs, allowing them to sell their businesses quickly, often receiving cash offers within 24 hours and closing deals within days. The company has raised over $150 million in funding and has achieved a valuation close to $970 million. OpenStore offers an automated acquisition platform that provides rapid purchase offers and eliminates traditional broker fees. It also features OpenStore Drive, a service that allows merchants to receive guaranteed monthly income while OpenStore manages their operations for a year. The company has acquired over 40 brands across various categories, managing more than 100,000 products and serving approximately 2 million customers. OpenStore is also developing a consumer shopping app to enhance product discovery.