OpenStore, a Miami-based startup co-founded by Keith Rabois and Jack Abraham, has raised $32 million at a valuation of $970 million, TechCrunch reported . Founded in 2020, OpenStore helps online shop owners sell their companies. Rabois, who previously served as a PayPal executive and co-founded real estate tech company Opendoor, currently serves as a general partner at venture capital firm...
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Private Equity Firms’ Secret Weapon for Big Software Buyouts
When Thoma Bravo was drawing up the financing of its $8 billion acquisition of Coupa Software last year, the private equity giant didn’t turn to a bank, and it didn’t get a traditional loan. Instead, it tapped a group of non-bank lenders including Sixth Street for a relatively obscure type of financing—one that has been making its way into more and more multibillion dollar...
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