# OpenDoor Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/opendoor-labs

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.opendoor.com
- Total disclosed funding: $1.3B
- Latest round: Series E (Feb 8, 2019)
- Investors on record: 32

## About

Founded in 2014 and based in California, US, OpenDoor Labs, Inc. operates as an online real estate company co-founded by CEO Eric Wu and CTO Ian Wong that develops a platform for clients to list properties for selling. The company has raised USD 1.5 billion from private equity firms, including Felicis Ventures, Khosla Ventures, and New Enterprise Associates. In September 2020, the company merged with Social Capital Hedosophia Holdings Corp. II, a SPAC (special purpose acquisition company), at an enterprise value of approximately USD 4.8 billion and was listed on the Nasdaq global select market under the ticker symbol OPEN in December of the same year. As of August 2024, the company is led by CEO Carrie Wheeler.
 

OpenDoor Labs, Inc. provides a SaaS-based platform that offers residential property pricing, selling, purchasing, and loan services for the real estate industry. The company also makes necessary repairs before relisting the property on the market.

The company generates revenue by offering B2B software subscriptions to clients. OpenDoor Labs, Inc. provides cash offers to bidding sellers through an online process, repairs the purchased lots, and relists the properties for sale. 

OpenDoor Labs, Inc. plans to generate additional funding for its working capital and invest in existing and new markets.

## Funding rounds

- Series E, Feb 8, 2019, $300M — New Enterprise Associates, General Atlantic, Norwest Venture Partners, Granite Asia, Khosla Ventures, GV, SV Angel, FJ Labs, Fifth Wall Ventures, SB Investment Advisers, Access Technology Ventures, 10x.Group, Hawk Equity, LenX
- Series E, Aug 22, 2018, $400M — SB Investment Advisers
- Series E, Jun 8, 2018, $325M — New Enterprise Associates, General Atlantic, Norwest Venture Partners, Granite Asia, Khosla Ventures, Andreessen Horowitz, Coatue Management, Lakestar, Access Technology Ventures, Lennar Corporation, 10100, Invitation Homes Inc.
- Series D, Nov 28, 2016, $208M — New Enterprise Associates, SVB Capital, Norwest Venture Partners, Granite Asia, Access Industries, Khosla Ventures, Felicis Ventures, Lakestar, Caffeinated Capital, Fifth Wall Ventures
- Series C, Oct 21, 2015, $77M — SVB Capital, Granite Asia, Khosla Ventures, Access Venture Partners, Resolute Ventures, ACME Capital
- Series B, Apr 16, 2015, $3M — Granite Asia, Khosla Ventures, Resolute Ventures, Sherpa Healthcare Partners
- Series B, Feb 13, 2015, $18M — Granite Asia, Khosla Ventures, Resolute Ventures, Sherpa Healthcare Partners
- Series A, Sep 5, 2014, $0.6M — Khosla Ventures
- Series A, Jul 7, 2014, $3.5M — Khosla Ventures, True Ventures, Felicis Ventures, SV Angel, Thrive Capital, Tuesday Capital, Resolute Ventures, Initialized Capital, Caffeinated Capital
- Series A, May 16, 2014, $6M — Khosla Ventures

## Investors

- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A, Series B, Series C, Series D, Series E
- True Ventures (https://capitalatlas.ai/funds/true-ventures) — Series A
- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Series A, Series D
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Series A, Series E
- Thrive Capital (https://capitalatlas.ai/funds/thrive-capital) — Series A
- Tuesday Capital (https://capitalatlas.ai/funds/tuesday-capital) — Series A
- Resolute Ventures (https://capitalatlas.ai/funds/resolute-ventures) — Series A, Series B, Series C
- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Series A
- Caffeinated Capital (https://capitalatlas.ai/funds/caffeinated-capital) — Series A, Series D
- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Series B, Series C, Series D, Series E
- Sherpa Healthcare Partners (https://capitalatlas.ai/funds/sherpa-healthcare-partners) — Series B
- SVB Capital (https://capitalatlas.ai/funds/svb-capital) — Series C, Series D
- Access Venture Partners (https://capitalatlas.ai/funds/access-venture-partners) — Series C
- ACME Capital (https://capitalatlas.ai/funds/acme-capital) — Series C
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series D, Series E
- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series D, Series E
- Access Industries (https://capitalatlas.ai/funds/access-industries) — Series D
- Lakestar (https://capitalatlas.ai/funds/lakestar) — Series D, Series E
- Fifth Wall Ventures (https://capitalatlas.ai/funds/fifth-wall-ventures) — Series D, Series E
- General Atlantic (https://capitalatlas.ai/funds/general-atlantic) — Series E
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series E
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series E
- Access Technology Ventures (https://capitalatlas.ai/funds/access-technology-ventures) — Series E
- Lennar Corporation — Series E
- 10100 (https://capitalatlas.ai/funds/10100) — Series E
- Invitation Homes Inc. — Series E
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series E
- GV (https://capitalatlas.ai/funds/gv) — Series E
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series E
- 10x.Group (https://capitalatlas.ai/funds/10x-group) — Series E
- Hawk Equity (https://capitalatlas.ai/funds/hawk-equity) — Series E
- LenX (https://capitalatlas.ai/funds/lenx) — Series E