About Opcity
Opcity is a company based in Austin (United States) founded in 2015 was acquired by Move in August 2018.. Opcity has raised $28.77 million across 1 funding round from investors including Move.com, Icon Ventures and Georgian. Opcity offers products and services including ReadyConnect Concierge, Listing Toolkit, and Connections Plus. Opcity operates in a competitive market with competitors including HomeLight, Showdigs, Unreal Estate, RateMyAgent and UpNest, among others.
- Headquarter Austin, United States
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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
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- Legal Name Move, Inc.
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Products & Services of Opcity
Opcity offers a comprehensive portfolio of products and services, including ReadyConnect Concierge, Listing Toolkit, and Connections Plus. 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.
Service for real-time lead connections to agents
Tools for managing and marketing real estate listings
Platform for enhanced real estate lead services
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Software Development Team
115 people
Data Analysis and Operations Team
44 people
Leadership Team
43 people
Sales and Marketing
41 people
Senior Team
28 people
Finance and Accounting
14 people
Human Resources and Administration
14 people
Customer Team
9 people
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Funding Insights of Opcity
Opcity has successfully raised a total of $28.77M through 1 strategic funding round. The most recent funding activity was a Series A round of $28.77 million completed in May 2017. 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 1
- Last Round Series A — $28.8M
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First Round
First Round
(11 May 2017)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2017 | Amount | Series A - Opcity | Valuation | Icon Ventures |
| 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 Opcity
Opcity has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Move.com, Icon Ventures and Georgian. 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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Sector-agnostic growth stage VC investment company funding companies in the US and Asia
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Founded Year | Domain | Location | |
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Venture capital is provided to expanding B2B software companies.
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Founded Year | Domain | Location | |
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Venture capital investments are provided to Texas-based tech founders.
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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 Opcity
| 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 - Opcity
| 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 |
Opcity Comparisons
Competitors of Opcity
Opcity 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 HomeLight, Showdigs, Unreal Estate, RateMyAgent and UpNest, 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 |
Provider of an online recommendation platform for brokers
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| domain | founded_year | HQ Location |
Online platform to find real estate agents
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| domain | founded_year | HQ Location |
Provider of buying and selling homes with affordable prices
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| domain | founded_year | HQ Location |
Real estate agents are rated and reviewed online by users.
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| domain | founded_year | HQ Location |
Online platform matching with real estate agents
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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 Opcity
Frequently Asked Questions about Opcity
When was Opcity founded?
Opcity was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Opcity located?
Opcity is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Opcity a funded company?
Opcity is a funded company, having raised a total of $28.77M across 1 funding round to date. The company's 1st funding round was a Series A of $28.77M, raised on May 11, 2017.
What does Opcity do?
Opcity is a company that offers a cloud-based platform that operates a real estate agent network in the United States. The company has developed a patented algorithm that matches potential buyerssellers with the best qualified real estate agent depending upon the services the buyerseller are looking to avail. The first agent to open the referral notification gets the lead contact and can contact the lead to offer its services. The members in the network do not have to pay for being registered in the curated community, however, the company makes money by the agent paying a standard referral fee at closing similar to other real estate transactions.
Who are the top competitors of Opcity?
Opcity's top competitors include HomeLight, Unreal Estate and Showdigs.
What products or services does Opcity offer?
Opcity offers ReadyConnect Concierge, Listing Toolkit, and Connections Plus.
Who are Opcity's investors?
Opcity has 4 investors. Key investors include Move.com, Icon Ventures, Georgian, and LiveOak.