Opendoor Opens the Door to $300 Million Funding

Opendoor, which operates a real estate marketplace, has landed an additional $300 million in follow-on equity financing from investors including General Atlantic, Hawk Equity, SoftBank Vision Fund, Access Technology Ventures, Lennar Corporation, Fifth Wall Ventures, SV Angel, Norwest Venture Partners, NEA, GGV Capital, Khosla Ventures, and GV along with other strategic investors.

This additional funding brings Opendoor’s total equity raised to $1.3 billion to date, along with over $3.0 billion in debt financing.

Softbank Vision Fund invested $400 million in the company in September 2018.

Opendoor says it is now buying and selling close to 3,000 homes every month, with over 36,000 customers serviced to date. Opendoor is currently available in 23 markets including Los Angeles, Las Vegas, Phoenix, Portland, Denver, Dallas, Houston, Orlando, Atlanta, Minneapolis and Sacramento.

Founded in 2014, Opendoor is based in San Francisco and now has over 1,300 employees.