Opendoor is the leading digital platform for residential real estate buying and selling, operating as an iBuyer that purchases homes directly from sellers using algorithmic pricing, performs light renovations, and resells them. The company has expanded into a capital-light model with Cash Plus (facilitating sales to third parties), partnerships with platforms like Zillow, and integrated services including digital checkout, buyer financing, warranties, and homebuilder trade-in programs.
Opendoor is publicly traded
This company is no longer available on our private secondary market. Shares can be traded publicly under its listed ticker.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2014
Employees
1,001–5,000
Total Funding
$1.34B
7 rounds
Last Private Valuation
$3.8B
Mar 20, 2019
Shut down India operations, cut ~250 jobs (~15% of workforce) in 'Opendoor 2.0' AI-native restructuring under CEO Nejatian.
Signals structural cost-cutting under new CEO; modestly de-risks burn rate for holders.
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $1.34B across 7 rounds
Last updated 09-20-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Mar 20, 2019 | Series E (extension) | $300M | $3.8B | General Atlantic |
| Sep 27, 2018 | Series E (SoftBank extension) Axios | $400M | $3.8B | SoftBank Vision Fund |
| Jun 13, 2018 | Series E | $325M | $2B | General Atlantic |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Series E
$2B
Jun 2018
Opendoor today
$3.8B
Mar 2019 · latest mark
Opendoor multiple
1.9x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Kaz Nejatian
Chief Executive Officer
Christy Schwartz
Chief Financial Officer
Lucas Matheson
President
Brad Bonney
Chief Business Officer
Eric Wu
Co-Founder, Board Member
Keith Rabois
Co-Founder, Board Chairman
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Offerpad Solutions
Second-largest US iBuyer competitor; publicly traded on NASDAQ under ticker OPAD; operates with similar business model of purchasing homes, renovating, and reselling; also offers asset-light services.
Zillow Group
Major real estate platform with Zestimate pricing tool; formerly operated iBuying through Zillow Offers (shut down Nov 2021 after losses); now partners with Opendoor to offer instant offers to users.
Homeward
Home buy-before-you-sell program competitor offering alternative financing and home transaction models.
Orchard
Home buy-before-you-sell platform providing bridge financing for home buyers.
Knock
Home-buying platform offering buy-before-you-sell services and flexible financing options.
Redfin
Real estate brokerage and technology platform; previously operated RedfinNow iBuying program (shut down Nov 2022); now focuses on brokerage services.
Opendoor has traded on NASDAQ under the ticker OPEN since December 21, 2020, when it completed a merger with the SPAC Social Capital Hedosophia Holdings Corp II that valued the company at roughly $4.8 billion and raised about $1 billion. It remains an independent public company with no announced acquisition or take-private. Under CEO Kaz Nejatian, appointed in 2025, it began an 'Opendoor 2.0' restructuring that closed its India operations and cut about 250 roles in June 2026.
Opendoor shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.
Opendoor had a valuation of approximately $3.8B at the time of its public offering. Current market capitalization fluctuates with the share price.
Opendoor raised $1.34B across 7 disclosed funding rounds prior to its public listing.
Opendoor was co-founded by Eric Wu, and Keith Rabois in 2014.
Opendoor is headquartered in San Francisco, CA.
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