# Open Listings Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/open-listings

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.openlistings.com
- Total disclosed funding: $7.5M
- Latest round: Series A (Jul 13, 2017)
- Investors on record: 8

## About

Open Listings Co. is a real estate technology company that simplifies the home buying process through a user-friendly online marketplace connecting buyers with licensed agents and property listings.Founded in 2014 in San Francisco, US, Open Listings Co. is focused on transforming the home buying process. In September 2018, the company was acquired by Open Door Labs, Inc., which allowed for further integration of their services. The company has successfully completed 4 deals, with the latest funding round being Series A, raising USD 6.50 mn led by Matrix Partners, with additional investment from Arena Ventures and Initialized Capital.Open Listings operates primarily within the real estate technology sector, offering a platform designed to simplify the home buying process for consumers. Their core product is a comprehensive online real estate marketplace that allows users to search for homes, access listings, and connect with licensed real estate agents. The platform emphasizes transparency and efficiency, providing potential buyers with tools to streamline their home search, schedule viewings, and receive expert guidance throughout the purchasing process. Open Listings primarily serves homebuyers in various metropolitan markets across the United States, including, but not limited to, Los Angeles, San Francisco, and Seattle. By leveraging technology, the company aims to address the complexities and frustrations often associated with traditional home buying.The revenue model for Open Listings is structured around service fees collected from transactions facilitated through their platform. For each successful home purchase, the company may charge a percentage-based commission or a fixed transaction fee, aligning their financial success with the satisfaction and success of their clients. This B2C model positions Open Listings directly in the consumer market, catering to individuals and families seeking to purchase residential properties. The company may also offer premium services or features that enhance the user experience, further contributing to their revenue streams. Overall, the revenue structure is designed to create a seamless transaction experience for homebuyers, reinforcing their commitment to simplifying the real estate process.Open Listings Co. plans to leverage recent funding from its Series A round, which raised USD 6.50 mn, to enhance its platform features and expand into new markets. The company is targeting metropolitan areas such as Chicago and New York City for expansion by 2023. Ongoing product development includes the rollout of new mobile features aimed at improving user engagement. Recent advancements will be funded by the strategic acquisition and integration of technology from Open Door Labs, Inc., aimed at refining their service offerings.

## Funding rounds

- Series A, Jul 13, 2017, $6.5M — Matrix Partners, Initialized Capital, Arena Ventures
- Seed, Oct 27, 2015, $1M — Y Combinator, i/o Ventures, CRCM, Soma Capital Management, Liquid 2 Ventures

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- i/o Ventures — Seed
- CRCM (https://capitalatlas.ai/funds/crcm) — Seed
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Series A
- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Series A
- Arena Ventures (https://capitalatlas.ai/funds/arena-ventures) — Series A