Opendoor, a home-buying startup headed by Keith Rabois, announced yesterday that it has raised $9.95 million from a series of high profile investors. Although Kholsa Ventures led the round, TechCrunch provided an impressive list of of all those involved:
Paypal co-founder Max Levchin, Former YouTube and Facebook CFO Gideon Yu, Eventbrite co-founder Kevin Hartz, Y Combinator’s Sam Altman, Quora CEO Adam D’Angelo, Yammer co-founder David Sacks, Angelist’s Naval Ravikant, Yelp CEO Jeremy Stoppelman, Box CEO Aaron Levie, Initialized Capital’s Harjeet Taggar, Garry Tan and Alexis Ohanian, Former Twitter vice president Elad Gil, Blippy co-founder David King, Flixster co-founder Joe Greenstein, Angel investor Mike Greenfield, Quora co-founder Charlie Cheever, Path’s Dave Morin, Facebook vice president Dan Rose, Trevor Traina, Resolute Ventures’ Mike Hirshland, Caffeinated Capital’s Ray Tonsing, Felicis’ Aydin Senkut, True Ventures’ Om Malik, Thrive Capital’s Josh Kushner, Crunchfund’s Michael Arrington (founded TechCrunch) and SV Angel.
Opendoor’s aim is to allow homeowners to sell their property “in 30 seconds online.” By typing in their address, verifying their identity through Facebook connect or a credit card – “like you would at the airport,” says Rabois – and telling Opendoor what they would like to sell it for, the homeowner could close the deal in as early as three days, the website declares.
To do this, Opendoor analyses vast amounts of data to help home-owners sell their properties at optimal prices. As such, VentureBeat report that the recent investment will be spent hiring a team of data scientists, the models it will build for its operation, and other personnel needs.
Although Opendoor says it will launch in three market outside of the Bay Area, it is not clear when it will launch and in what areas.
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