eCommerce Strategy Consultant - Rick Watson - RMW Commerce Consulting

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OpenStore bags new funding as valuation soars to $970M

OpenStore is 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.

Unlike many aggregators in the market, being Keith Rabois is likely a very good thing as the traditional valuation rules don’t necessarily apply to you due to your track record.  The big question I have is your valuation is this high, why do you need to raise only $32 million dollars? In this case, it seems the CEO wanted to work with a particular investor.  Unlike other aggregators, OpenStore has always put a big emphasis on its automated diligence process.

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