Opendoor Closes $210M Series D Funding Round

opendoorOpendoor, a San Francisco, CA-based consumer marketplace for homes, closed its $210M Series D funding round.

The round was led by Jeff Crowe at Norwest Venture Partners with participation from New Enterprise Associates, Khosla Ventures, GGV Capital, Access Industries, Fifth Wall, Lakestar, SVB Capital, Caffeinated Capital, and Felicis Ventures. Jeff Crowe, Managing Partner at Norwest Venture Partners will take a board seat as part of the round.

The company, which has now raised more than $320m in total funding, intends to use the funds to scale the service to 10 cities in 2017.

Founded in March 2014 by Keith Rabois, an investment partner at Khosla Ventures, and CEO Eric Wu, Opendoor operates a consumer marketplace for homes providing sellers with a near-instant online sale and buyers with a home shopping experience featuring on-demand open houses and a straightforward purchase process. Every home includes a 2-year home warranty and a 30-day money back guarantee.

Currently operating in Phoenix and Dallas Fort-Worth, the company is transacting over $60M in home volume each month and has served over 4000 homeowners since launching two years ago.

Opendoor employs over 200 people in its San Francisco, Phoenix and Dallas offices.




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