OpenBorder offers a single software platform that automates shipping, trade, tax and duty compliance, product localization and international marketplace listings so merchants can sell to international customers with a Prime‑like two‑day experience. The company was spun out of Pangaea Holdings in March 2023 and initially served five merchants; that customer count has grown to nearly 70 in about a year while processing volume has increased tenfold. OpenBorder helps merchants expand the share of international revenue (many start at ~4% and grow to 15–20% with the product); Pangaea itself scaled to a majority of revenue — well into nine figures — coming from outside the U.S., and OpenBorder aims to enable similar growth for other merchants. The business is focused on software development, partnerships and using artificial intelligence to identify cost‑reduction opportunities and improve performance. The company added Eurazeo (a Pangaea investor) to its board as it scales distribution and product capabilities.

Total raised

$10M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2024