Gateway of Wynwood Welcomes OpenStore, a Platform Launched to Offer Instant Liquidity to eCommerce Entrepreneurs

OpenStore was founded by Keith Rabois, Jack Abraham and Michael Rubenstein

 

As tech companies continue to rapidly expand and enter the Miami market, OpenStore has moved into its new office space in Wynwood. Founded by Keith Rabois of Founders Fund; Jack Abraham of Atomic; and Michael Rubenstein, the former president of AppNexus, OpenStore is a platform that allows entrepreneurs with Shopify businesses to sell their companies and receive liquidity for what they’ve built. The tech company occupies 14,914 square feet at the Gateway of Wynwood, located at the intersection of the iconic Wynwood and Midtown Miami neighborhoods. It is the first tenant to move into the recently completed building. R&B Realty Group, the developer behind The Gateway at Wynwood, was represented by Colliers’ executive managing director Stephen Rutchik, managing director Tom Farmer and director Tyler de la Pena. OpenStore was represented by JLL’s Adam Bernstein and Jeffrey Gordon.

“We are very excited to welcome OpenStore to The Gateway at Wynwood,” says Shelby Rosenberg, R&B Realty’s head of development and acquisitions, asset and property manager, US Portfolio. “OpenStore is a fantastic fit for our spec suite program, offering the tech company flexibility as it continues to scale up and grow.”

OpenStore connects merchants and customers into a single unified shopping experience through access to data, information and capital. The company announced in July that it raised $30 million in Series A funding, with a valuation of $250 million. OpenStore’s goal is to offer instant liquidity for eCommerce entrepreneurs.

SFBW Staff
sfbw@lmgfl.com
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