Keith Rabois’ OpenStore bags new funding as valuation soars to $970M

Keith Rabois’ OpenStore bags new funding as valuation soars to $970M

2 years ago
Anonymous $CIOZ56dzxX

https://techcrunch.com/2022/09/22/keith-rabois-openstore-valuation-970m/

Many of the e-commerce roll-up companies, also known as aggregators, slowed down this year after a record 2021. However, some younger companies in this space are still thriving.

One of these is OpenStore, a company founded in 2021 as a way for Shopify entrepreneurs looking to move on to sell their businesses in a matter of days with a cash offer and less stressful experience. Over the past 18 months, OpenStore acquired dozens of businesses representing tens of millions in revenue.