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OpenDoor

OpenDoor

OpenDoor is a real estate company based in the US.

OpenDoor is an operator of an online real estate marketplace intended to simplify home buying and selling. The company's marketplace helps sellers to receive an offer without listing or showing their home and buyers to browse for homes on sale and instantly unlock them using the company's application, enabling customers to buy and sell properties in a hassle free way.



OpenDoor allows home sellers to request an offer from OpenDoor by sending them their address and give them details on their home. OpenDoor returns with an offer based on the home's features and market trends which the home seller is given twenty-four hours to review. If the home sellers accept the offer, OpenDoor completes a home assessment and rather than ask the sellers to repair anything which appears in the assessment, they deduct the costs from the sale proceeds of the home. As part of this process, the home sellers get to choose their close date and receive their proceeds from the sale of their home in a matter of days.



Home buyers can browse listings on the OpenDoor app, and in certain markets schedule a tour with a tour-assistant. OpenDoor helps sellers finance the purchase of their home and offers state-specific discounts through their OpenDoor Home Loans. They also offer discounts when buying with an OpenDoor Home Advisor or partner agent. And OpenDoor offers buyers a 90 day guarantee where they will buy back the house.

Timeline

March 20, 2019

OpenDoor raises a $300,000,000 series E round from GV, SV Angel, GGV Capital, Khosla Ventures, New Enterprise Associates, Lennar Corporation, Hawk Equity, General Atlantic and Norwest Venture Partners.

September 27, 2018

OpenDoor raises a $400,000,000 series E round from SoftBank Vision Fund.

June 2018

OpenDoor raises a $325,000,000 series E round from GGV Capital, Lakestar, Khosla Ventures, Invitation Homes, Coatue Management, New Enterprise Associates, Lennar Corporation, Andreessen Horowitz, Access Technology Ventures, General Atlantic, Norwest Venture Partners and 10100.

December 1, 2016

OpenDoor raises a $210,000,000 series D round from Caffeinated Capital, GGV Capital, Khosla Ventures, Fifth Wall Ventures, Access Industries, New Enterprise Associates, SVB Capital, Felicis Ventures, Lakestar and Norwest Venture Partners.

October 14, 2015

OpenDoor raises a $80,000,000 series C round from Caffeinated Capital, GGV Capital, Khosla Ventures, Access Industries, Andy Rankin and SVB Capital.

February 26, 2015

OpenDoor raises a $20,000,000 series B round from haystack, Caffeinated Capital, Solon Mack Capital, GGV Capital, Khosla Ventures, Thrive Capital and Sherpa Capital.

July 7, 2014

OpenDoor raises a $10,000,000 series A round from Jeremy Stoppelman, Resolute Ventures, Max Levchin, Signatures Capital, SierraMaya360, Charlie Cheever, Alexis Ohanian, Felicis Ventures, True Ventures, Aaron Levie, Harjeet Taggar, Y Combinator, David Sacks, Thrive Capital, Raymond Tonsing, Joe Greenstein, Kevin Hartz, Dave Morin, Garry Tan, Oliver Thylmann, SV Angel, Khosla Ventures, EVA Automation, Elad Gil, Gideon Yu, Arjun Sethi, Trevor Traina, Rick Marini, Naval Ravikant, Tuesday Capital, Wayne Chang, Dan Rose, Jeff Seibert, Karim Elsahy, Mike Greenfeld and Slow Ventures.

Funding rounds

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Investment
8 Results
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People

Name
Role
LinkedIn

Aaron Batalion

Investor



Adam Nash

Investor



Adam Schwartz

Investor



Alex Moskalyuk

Investor



Alexis Ohanian

Investor



Anabel Lippincott

Employee



Andy Rankin

Investor



Ash Fontana

Investor



Ben Davenport

Investor



Ben Provan

Founder



Benjamin Gadbaw

Investor



Beth Stevens

Employee



Brad Feld

Investor



Brent Goldman

Investor



Brett Jackson

Investor



Brew Johnson

Investor



Bryant Detwiller

Investor



Carolyn Wang

Employee



Celeste Encinas

Employee



Charlie Cheever

Investor



Cinthia Rodriguez

Employee



Collin Wong

Employee



Cuong Pham

Employee



D. Inder Comar

Attorney



Dave Morin

Investor



Further reading

Title
Author
Link
Type
Date

Opendoor files to raise another $200M at a $3.7B valuation, documents show



Web



Documentaries, videos and podcasts

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Companies

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CEO
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News

Title
Author
Date
Publisher
Description
Anna Escher
January 3, 2020
TechCrunch
Loft may have better product market fit in Brazil than Opendoor does in the U.S.. And now the São Paulo-based property tech company has growth funding to prove it. Andreessen Horowitz is doubling down on its first Brazil investment with Loft, a two-year-old real estate marketplace. The $175 million Series C was co-led by Vulcan [...]
Kate Clark
October 14, 2019
TechCrunch
Opendoor has named Gautam Gupta chief financial officer and chief business officer.
ATTOM Data Solutions
April 19, 2019
www.prnewswire.com:443
IRVINE, Calif., April 19, 2019 /PRNewswire/ -- ATTOM Data Solutions, curator of the nation's premier property database and first property data provider of...
Kate Clark
Invalid Date
TechCrunch
TechCrunch - Reporting on the business of technology, startups, venture capital funding, and Silicon Valley

References