OJO

OJO

Technology platform for real estate services

About OJO

Simplify's Rating
Why OJO is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Consumer Software

Real Estate

Company Size

201-500

Company Stage

Series D

Total Funding

$130.3M

Headquarters

Austin, Texas

Founded

2015

Overview

OJO.com operates in the real estate market by providing a platform that assists homeowners and potential buyers with various services related to property search and home management. The main feature of OJO is Movoto by OJO, which helps users find homes tailored to their preferences. This service is enhanced by tools that estimate home values and offer expert advice from local agents, catering to a wide audience from first-time buyers to seasoned homeowners. OJO stands out from competitors by leveraging technology to deliver personalized experiences and guidance. The company's goal is to simplify the homeownership journey and maximize property value for its users, generating revenue through commission fees on transactions and premium services.

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for digital real estate transactions aligns with OJO's technology-driven approach.
  • AI integration in real estate platforms enhances OJO's Movoto service with personalized experiences.
  • Remote work trends expand OJO's market reach to suburban and rural homebuyers.

What critics are saying

  • Integration challenges from acquiring The LEAD Syndicate may disrupt service delivery.
  • Chris Heller's advisory role at BEN may divert focus from OJO's core operations.
  • RBC's acquisition of OJO Canada could lead to strategic misalignments affecting operations.

What makes OJO unique

  • OJO leverages technology to offer personalized home buying and selling experiences.
  • Movoto by OJO provides expert guidance and personalized property search experiences.
  • OJO's platform acts as a personal assistant for homeownership, enhancing user engagement.

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Funding

Total Funding

$130.3M

Below

Industry Average

Funded Over

4 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Below Average

Industry standards

$77M
$62.5M
OJO
$70M
Twilio
$80M
Handshake
$100M
Affirm

Benefits

Paid parental leave

OJO Cares community volunteering

Dog-friendly environment

Home office & wellness stipends

Open PTO policy

Flexible schedules

Competitive salaries & equity

100% coverage of medical benefits

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

0%

2 year growth

-5%
Homeland Security Today
Aug 29th, 2024
Pilot Convicted for Lying on FAA Applications to Obtain Medical Certificate for Commercial Flights in Dallas, Texas

Evidence presented at trial indicated that Ojo, an FAA-certified commercial airline pilot, pleaded guilty to two misdemeanor theft charges on February 8, 2023, in Kentucky state court in connection with a theft of passenger luggage from the baggage carousels at the Cincinnati/Northern Kentucky International Airport.

HousingWire
Mar 12th, 2024
OJO acquires The LEAD Syndicate, launches Lever by Movoto - HousingWire

OJO acquires Nikki Miller-founded firm The LEAD Syndicate and launches Lever by Movoto in tandem with its new acquisition.

Business Wire
Feb 20th, 2024
Ben Adds Real Estate Leader Technology Pioneer, Chris Heller, As Advisor To Board Of Directors

JACKSON, Wyo.--(BUSINESS WIRE)--Brand Engagement Network (“BEN”), an emerging provider of personalized customer engagement AI technology and human-like AI avatars, today announced the appointment of Chris Heller as Advisor to its Board of Directors. Heller, a visionary leader in finance, real estate and technology, currently serves as President of OJO Labs, a technology company that is delivering personalized and tailored home search and selling experiences for consumers. “Throughout his career, Chris Heller has developed a reputation as a leader and innovator,” said Michael Zacharski, CEO of BEN. “As we contemplate entry into the financial services vertical, we see Chris’ expertise and extensive industry knowledge across finance, real estate, and technology and his broad network of connections as invaluable to successfully navigate our ongoing development of cutting-edge multi-modal AI Assistants and applications.”. In his advisory role, Heller will provide expertise on the broader financial services and real estate industries, as well as how AI Assistants can be applied to empower both consumers and service providers. Heller’s appointment comes at a pivotal time as the company prepares to enter public markets

Daily Trust
Oct 23rd, 2023
Lagos seals off Alaba Int'l market

He wrote: "Alaba International Market, Ojo has been sealed up for poor waste disposal practices, failure to pay their waste bills and gross environmental sanitation offences."

Valet Moving Services
Apr 7th, 2023
Tech Hub: Exploring Round Rock's Growing Technology Industry

Ojo Labs has raised over $70 million in funding and has been recognized as one of the most innovative companies in the real estate industry.

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