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Opendoor, a San Francisco, CA-based online marketplace for real estate that intends to ease home purchasing and selling, raised a $325M Series E financing round.
The round, which brings the aggregate equity value raised by Opendoor to $645M, was co-driven by Access Technology Ventures, Lennar Corporation and General Atlantic, with joining of new investors 10100 Fund , Andreessen Horowitz, and Invitation Homes and existing financial specialists Norwest Venture Partners, Coatue Management , GGV Capital, Lakestar , New Enterprise Associates, and Khosla Ventures.
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In conjunction with the raising capital, Jon Jaffe, President and Chief Operating Officer of Lennar, will join Opendoor's board.
The organization, which has likewise raised capital of $1.5B in debt financing nearby the equity capital, expects to utilize the capital assets to extend its support in the growth of additional markets, developing from the 10 it works in today to 50 advertises before the end of 2020. scale its suite of service, for example, mortgage and title, which will enable individuals to look, find, visit, get financing, offer, and close in a single experience.
Driven by Eric Wu, CEO, Opendoor is an online real estate marketplace that makes home purchasing and selling easier. Opendoor has been utilized by almost 20,000 clients.
The organization right now works in ten urban areas, including, Dallas-Fort Worth, Atlanta, Charlotte, Las Vegas, Nashville, Orlando, Phoenix, Tampa and San Antonio, Raleigh-Durham.
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