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OpenAgent

OpenAgent

OpenAgent is an Australian real estate start-up company. Their platform provides a comparison of real estate agents based on rankings and reviews. OpenAgent is based in Alexandria, Australia.

History

Marta Higuera and Zoe Pointon, former McKinsey & Company consultants, founded OpenAgent in 2012.

Funding

In 2013, the company received $400k in their first round of funding. The following year, a group of angel investors, including Pete Flint from Trulia, invested $1m into OpenAgent. In 2015, the company secured a $6m investment from Hollard Investments of the Hollard Group. In 2016, OpenAgent received $12m from Reinventure, the Westpac-backed venture capital group.

Services

As of 2019, OpenAgent ranks over 30,000 real estate agents across Australia. The company calls to pre-qualify property sellers and to determine what they need in an agent before providing a list of suitable options. If a property is sold, the successful real estate agent pays a standard 20% industry rate of their commission to OpenAgent. OpenAgent also provides a property valuation service called OpenEstimates.

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