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About Opendoor
Industries
Data & Analytics
Real Estate
Company Size
1,001-5,000
Company Stage
IPO
Total Funding
$2B
Headquarters
San Francisco, California
Founded
2014
Overview
Opendoor simplifies the buying and selling of homes in the U.S. residential real estate market. For sellers, the process begins with requesting a cash offer by providing property details. Opendoor uses its algorithms and market data to generate a competitive offer, allowing sellers to bypass traditional listing and negotiation hassles. For buyers, Opendoor offers a platform to browse homes and schedule self-guided tours, with the option to use their own agents. The company earns revenue through service fees from sellers and potential appreciation from reselling homes. Opendoor's goal is to make real estate transactions more efficient and less stressful, while expanding its market presence and adapting to health and safety needs.
Simplify's Take
What believers are saying
- Growing consumer preference for digital transactions aligns with Opendoor's online platform.
- AI-driven predictive analytics can enhance Opendoor's pricing algorithms for competitive offers.
- Remote work trends expand Opendoor's market opportunities in suburban and rural areas.
What critics are saying
- Increased competition from tech-driven traditional real estate firms may erode market share.
- Recent layoffs could impact operational efficiency and service quality.
- Strategic shifts from new executive appointments may not align with market demands.
What makes Opendoor unique
- Opendoor offers a seamless, quick, and transparent home buying and selling experience.
- The company uses proprietary algorithms to provide competitive cash offers to sellers.
- Opendoor's user-friendly platform allows self-guided home tours and online purchase completion.
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Funding
Total Funding
$2023.2M
Above
Industry Average
Funded Over
8 Rounds
SV Angel
SoftBank
New Enterprise Associates
Coatue Management
Andreessen HorowitzBenefits
Happier workdays - Add a little fun to your workday with Pendo board game night, team karaoke, ping pong, or enjoy a local brew on our rooftop deck.
Health and wellness benefits - Generous health and wellness plans designed to meet the needs of you and your family, including medical, dental, and vision benefits.
Paid parental leave - Up to 16 weeks of paid parental leave, and a flexible schedule upon your return to help you make the most of those special moments.
Learning and development - In-house management development classes, guest speaker lunch and learns, and select conferences help keep talent sharp.
Flexible work hours and PTO - Enjoy the benefits of a flexible time off policy, flexible work hours, and paid parental leave.
Global offices - Work across the globe in the cities that we love like Raleigh, San Francisco, New York, Herzliya, Tokyo, London and Sheffield.
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↑ 1%2 year growth
↓ -1%The online real estate company Opendoor has compiled a list of the top 20 hottest zip codes of 2024.
The "Confessions" campaign comes as a partnership between Opendoor and award-winning, New York-based independent agency L&C.
To explore this shift - and the idea that any time of year is the right time to move - Opendoor is releasing a new ad titled 'Bright Lights.'
Opendoor is laying off 300 employees - about 17 percent of its workforce - as it continues to cope with housing market headwinds, the company said Thursday in reporting a $78 million third quarter loss.
Selim and Shrisha will join the Opendoor executive team in November.
Opendoor is Hiring for 14 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Opendoor
Industries
Data & Analytics
Real Estate
Company Size
1,001-5,000
Company Stage
IPO
Total Funding
$2B
Headquarters
San Francisco, California
Founded
2014
Opendoor is Hiring for 14 Jobs on Simplify!
Find jobs on Simplify and start your career today