Total amount raised
$1.9 Billion
Latest funding date
9/1/2023
Location
Opendoor has successfully raised funds through 14 funding rounds, with the latest being a Post-IPO Equity round led by Jane Street Capital. The company is backed by a total of 77 investors, including notable names like Jane Street Capital and Uni-Ventures.
Keep reading to explore the intricacies of Opendoor's fundraising journey and the investors backing this innovative platform.
What Is Opendoor?
Opendoor is a real estate technology company that simplifies the process of buying and selling homes. Headquartered in Tempe, Arizona, the company operates in various sectors within the real estate industry, including marketplace, property development, property management, and PropTech.
Founded by a team of innovators, Opendoor employs between 1001 and 5000 people. The company is publicly traded under the ticker NASDAQ:OPEN and has raised significant funding through multiple rounds.
How Much Funding Has Opendoor Raised?
- Post-IPO Equity
- Amount Raised: USD 362,000,000
- Date: September 2025
- Lead Investors: Jane Street Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and enhance technology platform.
- Post-IPO Debt
- Amount Raised: USD 325,000,000
- Date: May 2025
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and manage debt obligations.
- Post-IPO Secondary
- Amount Raised: USD 1,980,000
- Date: September 2023
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Post-IPO Equity
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support post-IPO growth initiatives.
- Post-IPO Equity
- Amount Raised: USD 400,000,000
- Date: September 2020
- Lead Investors: BlackRock, Healthcare of Ontario Pension Plan (HOOPP)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance technological capabilities.
- Series E
- Amount Raised: USD 300,000,000
- Date: March 2019
- Lead Investors: General Atlantic
- Valuation at Round: USD 3,800,000,000
- Motivation Behind the Round: To disrupt the traditional real estate market and prepare for future housing recessions.
- Series E
- Amount Raised: USD 400,000,000
- Date: September 2018
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into new markets and enhance data modeling capabilities.
- Series E
- Amount Raised: USD 325,000,000
- Date: June 2018
- Lead Investors: Access Technology Ventures, General Atlantic, Lennar Corporation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve pricing accuracy.
- Debt Financing
- Amount Raised: USD 135,000,000
- Date: January 2018
- Lead Investors: Lennar Corporation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To finance property acquisitions and expand market presence.
- Series D
- Amount Raised: USD 210,000,000
- Date: December 2016
- Lead Investors: Norwest
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology platform and expand into new markets.
Total Amount Raised: USD 2,460,980,000. Current Valuation: USD 3,800,000,000.
Key Investors
- Jane Street Capital
- Details: Jane Street Capital is a global proprietary trading firm known for its quantitative trading strategies. The firm operates in various financial markets worldwide.
- Investment Focus Areas: Proprietary trading, financial markets.
- Notable Investments: Involved in Post-IPO Equity funding round for Opendoor Technologies.
- General Atlantic
- Details: General Atlantic is a global growth equity firm providing capital and strategic support for growth companies. The firm has a long history of investing in high-growth sectors.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Airbnb, Uber, Slack.
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is a venture capital fund that invests in technology companies. It is one of the largest technology-focused investment funds in the world.
- Investment Focus Areas: AI, robotics, telecommunications.
- Notable Investments: Uber, WeWork, ByteDance.
- Access Technology Ventures
- Details: Access Technology Ventures is the venture capital arm of Access Industries, focusing on technology and software companies. The firm supports companies with long-term growth potential.
- Investment Focus Areas: Technology, software.
- Notable Investments: Alibaba, Facebook, Spotify.
- Lennar Corporation
- Details: Lennar Corporation is one of the largest homebuilders in the United States. The company is involved in various aspects of real estate development and homebuilding.
- Investment Focus Areas: Real estate, homebuilding.
- Notable Investments: Primarily focused on its own homebuilding projects.
What's Next for Opendoor?
Opendoor stands at the cusp of significant opportunities, driven by its innovative approach to real estate. The company aims to disrupt the traditional market by leveraging data modeling to identify market gaps and price properties accurately. This strategy positions Opendoor to thrive in various market conditions, expanding its reach and enhancing its platform with integrated services like mortgage tools and escrow services.
Future fundraising opportunities appear promising, given the strong interest from investors like General Atlantic and SoftBank Vision Fund. These funds will likely support Opendoor's expansion into new North American markets and the development of new products. However, the company must navigate challenges such as market volatility and competition from traditional real estate agents and other tech-driven startups.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Opendoor and gather other critical business insights.
Sign up for free to start making data-driven decisions and stay ahead in the competitive market.
