On March 20, Opendoor announced new business metrics and $300M in follow-on equity financing to continue to fuel growth, build new products and integrate services for customers.
Following a year of rapid growth, Opendoor is now buying and selling close to 3,000 homes nationally every month, with over 36,000 customers serviced to date. We’re available in 23 markets allowing Opendoor customers to buy, sell, or trade homes in regions across the US.
In Tampa, Opendoor:
– Has been operating in the market since May 2018
– We currently have more than 120 homes on the market
– We’re hiring for a handful of open positions and expect to use the additional financing to continue to expand our local team.
There’s much more growth to come this year as Opendoor continues to scale its geographic footprint and launch new products that will expand the home shopping and buying experience and integrate new services to help customers through all stages of the home buying, selling and owning journey.
This follow-on round comes from investors including General Atlantic, Hawk Equity, SoftBank Vision Fund, Access Technology Ventures, Lennar Corporation, Fifth Wall Ventures, SV Angel, Norwest Venture Partners, NEA, GGV Capital, Khosla Ventures, and GV along with other strategic investors. This additional funding brings our total equity raised to $1.3B+, along with over $3.0B in debt financing.
A blog post can be found here with additional context.