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article imageThis week saw some big funding rounds across all sectors

By Lisa Cumming     Jun 16, 2018 in Technology
The past seven days saw some truly massive funding rounds across all sectors. From a new way to sell property to an insurtech startup, here are three big winners from this week.
Opendoor
Opendoor, an online real estate buying and selling company, eliminates real estate agents and open houses by buying homes from homeowners looking to sell, then flipping those homes to interested buyers — for a percentage off the top on both ends. This week the company announced that they had just completed a mega Series E funding round, raising $325 million. The funding round puts the value of the company at over $2 billion.
Currently the service is offered in 10 US cities, post-funding round Opendoor is hoping to expand to 50 cities by 2020.
Wrisk
Insurtech startup Wrisk aimed to raise £500,000 in their latest crowdfunding campaign on Seedrs, but far surpassed that by raising £1 million by 800 investors. Wrisk is a smartphone app that is marketed as a simple way for people to buy insurance for everything from headphones to cars to homes.
Cohesity
In a Series D funding round, storage provider Cohesity that provides one platform for backup, files, objects, test/dev, and analytics raised $250 million. The round was led by SoftBank Vision Fund, with participation from others like Cisco Investments, Hewlett Packard Enterprise, Morgan Stanley Expansion Capital, and Sequoia Capital.
In an interview with CRN, COO Rob Salmon explained that, with the money, Cohesity was going to use the funding "to fund a large-scale global expansion, confirming that a UK push is part of these plans."
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