# Opendoor

**Source:** https://www.startuphub.ai/startups/opendoor
**Profile type:** Startup

> Pioneered the iBuying model for residential real estate.

## About

Opendoor is a real estate technology company that pioneered the 'iBuying' model. This model allows homeowners to receive instant cash offers for their homes, bypassing the traditional real estate agent and listing process. Opendoor then renovates and resells these homes.

## Key facts

- **Slug:** opendoor
- **Website:** https://www.opendoor.com/
- **Location:** San Francisco, California, USA
- **Founded:** 2014-01-01
- **Operating status:** Active
- **Total funding:** $730M
- **Sectors / tags:** Real Estate, Fintech, Proptech, Marketplace, Real Estate Technology, iBuying, Home Services
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/opendoor/
  - Twitter: https://twitter.com/Opendoor
  - Facebook: https://www.facebook.com/Opendoor/

## Frequently asked

### What does Opendoor do?

Opendoor is a real estate technology company that pioneered the 'iBuying' model. This model allows homeowners to receive instant cash offers for their homes, bypassing the traditional real estate agent and listing process. Opendoor then renovates and resells these homes.

### What is Opendoor's revenue?

StartupHub estimates Opendoor's annual revenue at $213.8M (range $85.5M to $469.4M, 30% confidence), based on comparable companies in the sector.

### What is Opendoor's valuation?

StartupHub estimates Opendoor's effective valuation at $3.0B (range $1.8B to $4.4B, 10% confidence), based on comparable companies in the sector.

### How much funding has Opendoor raised?

Opendoor has raised a total of $730M in funding. The most recent round on record is Series D.

### Where is Opendoor headquartered?

Opendoor is headquartered in San Francisco, California, USA.

### When was Opendoor founded?

Opendoor was founded in 2014.

### What industry does Opendoor operate in?

Opendoor operates in Real Estate, Fintech, Proptech, Marketplace, Real Estate Technology, iBuying.

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