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OpenDoor is a San Francisco-based real estate technology company offering virtual and streamlined real estate buying and selling founded in 2014 by Keith Rabois, Eric Wu, JD Ross and Ian Wong.

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.


March 20, 2019
OpenDoor raises a $300,000,000 series E round from GGV Capital, General Atlantic, Hawk Equity, Khosla Ventures, Lennar Corporation, New Enterprise Associates, Norwest Venture Partners and SV Angel.
September 27, 2018
OpenDoor raises a $400,000,000 series E round from SoftBank Vision Fund.
June 13, 2018
OpenDoor raises a $325,000,000 series E round from General Atlantic.
June 2018
OpenDoor raises a $325,000,000 series E round from 10100, Access Technology Ventures, Andreessen Horowitz, Coatue Management, GGV Capital, General Atlantic, Invitation Homes, Khosla Ventures, Lakestar, Lennar Corporation, New Enterprise Associates and Norwest Venture Partners.
December 1, 2016
OpenDoor raises a $210,000,000 series D round from Norwest Venture Partners.
December 1, 2016
OpenDoor raises a $210,000,000 series D round from Access Industries, Caffeinated Capital, Felicis Ventures, Fifth Wall Ventures, GGV Capital, Khosla Ventures, Lakestar, New Enterprise Associates, Norwest Venture Partners and SVB Capital.
October 14, 2015
OpenDoor raises a $80,000,000 series C round from Access Industries, Andy Rankin, Caffeinated Capital, GGV Capital, Khosla Ventures and SVB Capital.
February 26, 2015
OpenDoor raises a $20,000,000 series B round from Caffeinated Capital, GGV Capital, Khosla Ventures, Solon Mack Capital, Thrive Capital and haystack.
July 7, 2014
OpenDoor raises a $10,000,000 series A round from Aaron Levie, Alexis Ohanian, Arjun Sethi, Charlie Cheever, Dan Rose, Dave Morin, David Sacks, EVA Automation, Elad Gil, Felicis Ventures, Garry Tan, Gideon Yu, Harjeet Taggar, Jeff Seibert, Jeremy Stoppelman, Joe Greenstein, Karim Elsahy, Kevin Hartz, Khosla Ventures, Max Levchin, Mike Greenfeld, Naval Ravikant, Oliver Thylmann, Raymond Tonsing, Resolute Ventures, Rick Marini, SV Angel, SierraMaya360, Signatures Capital, Slow Ventures, Thrive Capital, Trevor Traina, True Ventures, Tuesday Capital, Wayne Chang and Y Combinator.

Funding Rounds



Further Resources


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



Christine Hall
September 28, 2021
The company is creating its own MLS for the regions and applies technology to the expertise provided by local customer services experts who assist from the initial search to closing on the home.
Charlize Alcaraz
September 13, 2021
Opendoor acquires Toronto-based startup Skylight, a home remodelling company powered by technology, amid expansion in hiring into Toronto and Vancouver.
Mary Ann Azevedo
September 1, 2021
TechCrunch, which wants to build a real estate "super app" for Latin America, has closed on a $20 million Series A round of funding. Anthemis and 500 Startups co-led the investment, which included participation from ALLVP and Expa. Previously, had raised a total $10 million in equity and $25 million in debt. Other backers [...]
Mary Ann Azevedo
August 26, 2021
When Jessica Ko was head of design at Google and then Opendoor, she realized that her teams spent about 90% of their time digging around Dropbox looking for assets. In many cases, they'd find older versions. Or they couldn't find what they were looking for. Or even worse, they'd accidentally pick the wrong asset. "It [...]
Joanna Glasner
April 23, 2021
Crunchbase News
We have formulas galore for valuing fast-growing, money-losing companies in hot sectors. But at the end of the day, there's one metric that matters: How much are investors willing to pay?
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