Apparently the startup has already raised $6 million, out of a $9 million round, according to a filing submitted to the U.S. Securities and Exchange Commission.
The new platform will allow homeowners to sell their homes with just a few clicks of a mouse, and then the company’s goal is to flip it. The company’s website states that, homeowners who use the service will “receive an instant offer online and funding in as soon as three days,” and may enjoy “full certainty on the price and close date.”
Rabois is a partner with Silcon Valley-based venture capital firm Khosla Ventures, established in 2004 by Vinod Khosla, who helped turn a computer science project into Sun Microsystems, a multibillion-dollar phenomenon.
OpenDoor is being co-founded by Rabois, Eric Wu and Ian Wong. Wu is the former head of ‘geo products’ at Trulia and Wong originally worked for Square as data scientist.
The above article was sourced from VentureBeat, and edited by Gordana Davila.