Open.storeConsumer & Lifestyle / E-commerceFounded: 2021Funding to Date: $154.5MM
OpenStore is an ecommerce storefront liquidity service that allows entrepreneurs to sell or offload their Shopify storefronts. Sellers can allow OpenStore to run their existing stores for them while receiving monthly payments. OpenStore was founded in 2021 by Michael Rubenstein, Jeremy Wood, Matt Lanter, Keith Rabois JD, Jack Abraham, and Tatiana Birgisson and is headquartered in Miami, FL.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
09/22/2022 | Series B-1 | $32MM | $xx.xx | $967.85MM | Lux Capital | |
Price per Share
$xx.xx
Shares Outstanding
6,893,431
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Lux Capital
|
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11/17/2021 | Series B | $75MM | $xx.xx | $753.05MM | Khosla Ventures, General Catalyst, Founders Fund, Atomic | |
Price per Share
$xx.xx
Shares Outstanding
20,288,365
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Khosla Ventures, General Catalyst, Founders Fund, Atomic
|
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07/15/2021 | Series A-1 | $30MM | $xx.xx | $251.31MM | Khosla Ventures, General Catalyst, Founders Fund | |
Price per Share
$xx.xx
Shares Outstanding
20,662,577
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Khosla Ventures, General Catalyst, Founders Fund
|
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07/15/2021 | Series A | $17.5MM | $xx.xx | $251.31MM | Khosla Ventures, General Catalyst, Founders Fund | |
Price per Share
$xx.xx
Shares Outstanding
36,458,333
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Khosla Ventures, General Catalyst, Founders Fund
|