eRealtor Opendoor Tacks on Another $300M, Ups Value

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Investors are opening their doors wide to Opendoor.

The eRealtor which helps home sellers track down prospective buyers landed $300 million in its latest funding round. This new round pushes Opendoor’s valuation to $3.8 billion. The new funding was provided by General Atlantic, SoftBank Vision Fund, Hawk Equity, Access Technology Ventures, Lennar Corp., SVAngel, NEA, Khosla Ventures, GV, Fifth Wall Ventures, Norwest Venture Partners and several unnamed investors.

This is the seventh funding round for Opendoor, according to Crunchbase. It was founded in 2014.

Opendoor is among a group of new startups that are revolutionizing the real estate world by providing simplified platforms for home sellers to quickly and successfully sell homes with little fuss and effort. Opendoor and its competitors, Redfin, and Offerpad have gained attention from investors who see these startups as potential breakouts.

The company plans to use the new funds to expand its services in North America and for product development.

Photo credit: Paul Brennan/Pixabay

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