Opendoor Raises $300M at a $3.8B Valuation

Real estate fintech platform Opendoor appears to be crushing it; they have raised some $1.3 billion in equity and around $3 billion in debt to date to develop their marketplace that buys homes for cash and then resells them; their most recent funding round was $300 million at a reported $3.8 billion valuation; Opendoor is the leader of a new breed of startups looking to disrupt the long entrenched model for buying and selling homes; the key to their success is they create data models that enables them to spot opportunities and gaps in the market for homes, as well as optimal pricing for properties. Source.

  • Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.