# OpenStore: Information technology & services, Miami, United States

> OpenStore: OpenStore is a Miami-based e-commerce and financial services company founded in 2021. Based in Miami, United States. Founded 2021.

Source: https://millionrounds.com/startup/openstore-2 (Millionrounds; every figure on the page links to its filing or article)

United States · [Information technology & services startup](https://millionrounds.com/companies)

# OpenStore

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

Funding reported Last round: Venture (Round not Specified)

Information technology & services Miami, United States

Company summary

- **Founded:** 2021 5 years old
- **Team:** 10 1 to 10 people
- **Funding reported:** $155M in dollars
- **Last round:** Venture (Round not Specified) Sept 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for OpenStore has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About 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.

## What company datasets say OpenStore raised

Funding, as reported

Reported in all **$155M** in dollars

Last round **Venture (Round not Specified)**

Last round size **$32M**

Last round date **Sept 2022**

Investors listed **5**

## On 3 portfolio pages

Investors who name them

- [Bling Capital](https://millionrounds.com/fund/bling-capital)
- [1/1 Capital](https://millionrounds.com/fund/1-1-capital)
- [Western Technology Investment](https://millionrounds.com/fund/wti)

Each firm lists OpenStore on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

management consulting customer service automation order fulfillment consumers shopify distribution inventory management enterprises dtc brands information technology & services financial services shopify store sale enterprise software information technology shopify brand portfolio automated marketing

Built with from their website

Amazon SES Atlassian Google Workspace CloudFlare Atlassian Cloud Hubspot OpenAI Apple Business Manager AI Google Meet

+8 more

CloudFlare CDN Vercel Shopify Plus Cloudflare DNS Remote Microsoft 365 Webflow Google Search Console

- **Sector:** Information technology & services
- **Industry code:** NAICS 54151, 454110, SIC 7375, 5961
- **Region:** Florida
- **Revenue:** $2.9M a year, as listed

## Information technology & services in United States

Startups like it

- [**Databricks** San Francisco · founded 2013 *Raised*](https://millionrounds.com/company/databricks)
- [**Waymo** Mountain View · founded 2009 *Raised*](https://millionrounds.com/company/waymo)
- [**Crusoe** Denver · founded 2018 *Raised*](https://millionrounds.com/company/crusoe)
- [**Cursor** San Francisco · founded 2017 *Raised*](https://millionrounds.com/company/cursor)
- [**Thinking Machines Lab** San Francisco *Raised*](https://millionrounds.com/company/thinking-machines-lab)
- [**Cognition** San Francisco *Raised*](https://millionrounds.com/company/cognition)
- [**Polymarket** New York · founded 2020 *Raised*](https://millionrounds.com/company/polymarket)
- [**Harvey** San Francisco · founded 2022 *Raised*](https://millionrounds.com/company/harvey)

## Is this your company?

Add your raise, your deck and your story, and put OpenStore in front of investors. Or tell us what we have wrong.

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