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Technology & Innovation Roundup: OpenStore raises $75M to buy e-commerce businesses

·3 min read
Technology & Innovation Roundup: OpenStore raises $75M to buy e-commerce businesses
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OpenStore, a Miami-based startup that buys small e-commerce businesses, secured $75 million in a series B financing round led by General Catalyst and existing investors Atomic, Founders Fund and Khosla Ventures. Co-founded by Founders Fund General Partner Keith Rabois, Atomic founder Jack Abraham and former AppNexus President Michael Rubenstein, OpenStore aims to acquire more online businesses and increase hiring after its latest capital raise.