About OfferPad
OfferPad is a company based in Chandler (United States) founded in 2015 by Brian Bair.. OfferPad has raised $155 million across 5 funding rounds from investors including Citi and LL Funds. The company has 200 employees as of December 31, 2024. OfferPad offers products and services including Cash Offer Service, Home Browsing Platform, and Free Local Move Service. OfferPad operates in a competitive market with competitors including Opendoor, FlyHomes, Loft, Casavo and Tiko, among others.
- Headquarter Chandler, United States
- Employees 200 as on 31 Dec, 2024
- Founders Brian Bair
- Stage Public
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Sectors
Real Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Offerpad Solutions Inc.
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Annual Revenue
$918.82 M-30.1as on Dec 31, 2024
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Net Profit
$-62.16 M46.97as on Dec 31, 2024
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EBITDA
$-45.43 M56.18as on Dec 31, 2024
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Total Equity Funding
$155 M (USD)
in 5 rounds
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Latest Funding Round
$75 M (USD), Series C
Mar 14, 2019
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Investors
Citi
& 1 more
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Employee Count
200
as on Dec 31, 2024
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IPO & Listings of OfferPad
OfferPad is a publicly listed company on the NYSE with ticker symbol OPAD in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of OfferPad
OfferPad offers a comprehensive portfolio of products and services, including Cash Offer Service, Home Browsing Platform, and Free Local Move Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides quick cash offers for home sales without showings.
Enables users to browse and search for available homes online.
Offers free local moving assistance for home sellers.
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Funding Insights of OfferPad
OfferPad has successfully raised a total of $155M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $75 million completed in March 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $75.0M
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First Round
First Round
(25 Jan 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2019 | Amount | Series C - OfferPad | Valuation |
investors |
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| May, 2018 | Amount | Series B - OfferPad | Valuation |
investors |
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| May, 2018 | Amount | Debt – Conventional - OfferPad | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in OfferPad
OfferPad has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Citi and LL Funds. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment services are offered by LL Funds to clients.
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Founded Year | Domain | Location | |
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Commercial banking and financial services are provided globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by OfferPad
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - OfferPad
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Offerpad Comparisons
Competitors of OfferPad
OfferPad operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Opendoor, FlyHomes, Loft, Casavo and Tiko, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Residential properties are resold via an app-based platform.
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| domain | founded_year | HQ Location |
Online reseller platform for residential properties is facilitated.
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| domain | founded_year | HQ Location |
Residential properties are resold online by Loft.
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| domain | founded_year | HQ Location |
Residential properties are resold online with real-time valuations and offers.
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| domain | founded_year | HQ Location |
Tiko is engaged in facilitating fast and transparent property transactions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Offerpad
Frequently Asked Questions about OfferPad
When was OfferPad founded?
OfferPad was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is OfferPad located?
OfferPad is headquartered in Chandler, United States. It is registered at Chandler, Arizona, United States.
Who is the current CEO of OfferPad?
Brian Bair is the current CEO of OfferPad. They have also founded this company.
Is OfferPad a funded company?
OfferPad is a funded company, having raised a total of $155M across 5 funding rounds to date. The company's 1st funding round was a Series B of $50M, raised on Jan 25, 2017.
How many employees does OfferPad have?
As of Dec 31, 2024, the latest employee count at OfferPad is 200.
What is the annual revenue of OfferPad?
Annual revenue of OfferPad is $918.82M as on Dec 31, 2024.
What does OfferPad do?
OfferPad was founded in 2015 and is based in Chandler, United States. Operations focus on the real estate sector through an online platform where property details are submitted by sellers to generate purchase quotes. Documentation and inspection processes are handled by the company. Mobile applications are offered for Android and iOS devices to support these services.
Who are the top competitors of OfferPad?
What products or services does OfferPad offer?
OfferPad offers Cash Offer Service, Home Browsing Platform, and Free Local Move Service.
Is OfferPad publicly traded?
Yes, OfferPad is publicly traded on NYSE under the ticker symbol OPAD.
What is OfferPad's ticker symbol?
The ticker symbol of OfferPad is OPAD on NYSE.
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