Home - selling start - up Opendoor has raised $ 325 m from investors to expand from 10 markets to 50 by the end of 2020 . The company aims to harness technology to make the process of buying and selling homes instantaneous . Opendoor allows potential buyers to buy homes seven days a week with a personal code generated by the app , while it prices homes using a transparent data set . Andreessen Horowitz, Coatue Management, 10100 Fund and Invitation Homes also participated, as well as existing investors Norwest Venture Partners, Lakestar, GGV Capital, NEA and Khosla Ventures. It currently buys more than $ 2.5bn in homes on an annual run rate . Funding was led by General Atlantic , Access Point Ventures and Lennar Corporation . Meanwhile , rivals Knock and OfferPad are raising capital with similar ambitions .
Home - selling start - up Opendoor has raised $ 325 m from investors to expand from 10 markets to 50 by the end of 2020 . The company aims to harness technology to make the process of buying and selling homes instantaneous . Opendoor allows potential buyers to buy homes seven days a week with a personal code generated by the app , while it prices homes using a transparent data set . It currently buys more than $ 2.5bn in homes on an annual run rate . Funding was led by General Atlantic , Access Point Ventures and Lennar Corporation . Meanwhile , rivals Knock and OfferPad are raising capital with similar ambitions .