Opendoor raises giant Series E

13 Jun 2018

By Inman News

Opendoor has raised $325 million in a gigantic Series E funding round with heavy-hitter investors across tech and real estate, the company announced today.

The 4-year-old IBuyer brought on $325 million in a round co-led by General Atlantic, Access Technology Ventures and the homebuilder Lennar with participation from new investors Andreessen Horowitz, Coatue Management, Invitation Homes and Uber founder Travis Kalanick’s 10100 Fund. Returning investors Norwest Venture Partners, Lakestar, GGV Capital, NEA and Khosla Ventures also contributed.

Reports started circulating in March that Opendoor was in the process of raising $200 million that would peg the company at a $2 billion valuation. This funding round — much larger than the raise speculated a few months ago — brings Opendoor’s total funding raised up to $645 million in equity financing and $1.5 billion in debt financing. Opendoor’s last funding round was its Series D round of $210 million … (read more) …

© Inman, reprinted with permission

 

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