Opendoor is an Operator of an Online Real Estate Marketplace Used to Streamline the Sales Process of Home Buying and Selling

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Headquarter: San Francisco, California, United States

Founders: Eric Wu, Ian Wong, JD Ross, Keith Rabois

Founded date: 2014

Hub Tags: Exited Unicorn

Headquartered in San Francisco, it makes instant cash offers on homes through an online process, repairs the properties it purchases, and relists them for sale. It also provides mobile application-based home buying services along with financing. As of March 2021, the company operates in 27 markets in the US.

It helps sellers 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 that enables customers to buy and sell properties in a hassle freeway.

In 2018, Opendoor raised $400m in funding from the SoftBank Group Vision Fund. In 2019, it raised $300m in a funding round led by General Atlantic.

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