About Opendoor
Opendoor is a company based in San Francisco (United States) founded in 2014 by Keith Rabois and Eric Wu was acquired by Social Capital in September 2020.. Opendoor has raised $1.35 billion across 11 funding rounds from investors including SVB, Lennar and Khosla Ventures. The company has 200 employees as of April 10, 2024. Opendoor has completed 5 acquisitions, including OS National, Open Listings and Pro.com. Opendoor offers products and services including Cash Offer Service, Home Selling Platform, Mortgage Calculator, and Home Insights. Opendoor operates in a competitive market with competitors including FlyHomes, Loft, Casavo, OfferPad and Tiko, among others.
- Headquarter San Francisco, United States
- Employees 200 as on 10 Apr, 2024
- Founders Keith Rabois, Eric Wu
- 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 Services Labs Software Private Limited
- Date of Incorporation 30 Sep, 2013
- Jurisdiction Teynampet, Tamil Nadu, India
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Annual Revenue
$2.71 M (USD)296.99as on Mar 31, 2023
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Net Profit
$146.89 K (USD)242.94as on Mar 31, 2023
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EBITDA
$301.4 K (USD)54.64as on Mar 31, 2023
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Total Equity Funding
$1.35 B (USD)
in 11 rounds
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Latest Funding Round
$850 M (USD), Post-IPO
Aug 18, 2021
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Investors
SVB
& 48 more
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Employee Count
200
as on Apr 10, 2024
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Investments & Acquisitions
OS National
& 4 more
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Acquired by
Social Capital
(Sep 17, 2020)
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IPO & Listings of Opendoor
Opendoor is a publicly listed company on the NASDAQ with ticker symbol OPEN in USA, operating in the Finance 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 Opendoor
Opendoor offers a comprehensive portfolio of products and services, including Cash Offer Service, Home Selling Platform, Mortgage Calculator, and Home Insights. 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.
Enables quick home sales with direct cash offers to sellers.
Facilitates home valuations and sales without traditional listings.
Assists users in estimating home sale proceeds and costs.
Provides market data and insights for potential sellers.
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Software Development Team
56 people
Leadership Team
19 people
Operations Team
17 people
Product Management Team
14 people
Homes Team
12 people
Finance and Accounting
12 people
Senior Team
12 people
Data Analysis and Operations Team
11 people
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Funding Insights of Opendoor
Opendoor has successfully raised a total of $1.35B across 11 strategic funding rounds. The most recent funding activity was a Post-IPO round of $850 million completed in August 2021. 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 11
- Last Round Post-IPO — $850.0M
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First Round
First Round
(02 Jun 2014)
- Investors Count 48
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Post-IPO - Opendoor | Valuation |
investors |
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| Mar, 2019 | Amount | Series E - Opendoor | Valuation | General Atlantic | |
| Sep, 2018 | Amount | Series E - Opendoor | Valuation | SoftBank Vision Fund |
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| 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 Opendoor
Opendoor has secured backing from 49 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include SVB, Lennar and Khosla Ventures. 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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Private equity fund focused on global markets
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Founded Year | Domain | Location | |
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Tech-focused VC firm funding companies in the US
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Founded Year | Domain | Location | |
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Private equity investments are directed toward growth-stage tech companies.
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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 Opendoor
Opendoor has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include OS National, Open Listings and Pro.com. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Home renovation services are matched via an online marketplace platform.
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2016 | ||||
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Homes are purchased without agents using a self-service platform.
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2014 | ||||
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Residential and commercial insurance services are provided nationwide.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Opendoor
| 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 |
Opendoor Comparisons
Competitors of Opendoor
Opendoor 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 FlyHomes, Loft, Casavo, OfferPad 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 |
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 |
Residential properties are resold online, with quotes and inspections managed.
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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 Opendoor
Frequently Asked Questions about Opendoor
When was Opendoor founded?
Opendoor was founded in 2014.
Where is Opendoor located?
Opendoor is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Opendoor?
Eric Wu is the current CEO of Opendoor. They have also founded this company.
Is Opendoor a funded company?
Opendoor is a funded company, having raised a total of $1.35B across 11 funding rounds to date. The company's 1st funding round was a Series E of $400M, raised on Jun 02, 2014.
How many employees does Opendoor have?
As of Apr 10, 2024, the latest employee count at Opendoor is 200.
What is the annual revenue of Opendoor?
Annual revenue of Opendoor is $2.71M as on Mar 31, 2023.
What does Opendoor do?
Opendoor was founded in 2014 in San Francisco, United States, as a real estate technology company. An app-based platform is operated to facilitate the resale of residential properties. Sellers submit property details, schedule video assessments, and receive cash offers derived from comparative market analysis. Home inspection services and mortgage options are also provided. The mobile app is accessible on Android and iOS devices across the country.
Who are the top competitors of Opendoor?
What products or services does Opendoor offer?
Opendoor offers Cash Offer Service, Home Selling Platform, Mortgage Calculator, and Home Insights.
Is Opendoor publicly traded?
Yes, Opendoor is publicly traded on NASDAQ under the ticker symbol OPEN.
How many acquisitions has Opendoor made?
Opendoor has made 5 acquisitions, including OS National, Open Listings, and Pro.com.
Who are Opendoor's investors?
Opendoor has 49 investors. Key investors include SVB, Lennar, Khosla Ventures, Social Capital, and General Atlantic.
What is Opendoor's ticker symbol?
The ticker symbol of Opendoor is OPEN on NASDAQ.
What is Opendoor's valuation?
The valuation of Opendoor is $3.8B as of Mar 2019.
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