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 General Atlantic, GV, New Enterprise Associates, Norwest Venture Partners, Lennar Corporation, Khosla Ventures, Hawk Equity, GGV Capital and SV Angel.

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 General Atlantic, Access Technology Ventures, Lakestar, New Enterprise Associates, Norwest Venture Partners, GGV Capital, Lennar Corporation, Coatue Management, Khosla Ventures, Andreessen Horowitz, Invitation Homes and 10100.

December 1, 2016

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

October 14, 2015

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

February 26, 2015

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

July 7, 2014

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

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

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Further reading

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

Web

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Companies

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References

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