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.
Exciting news this morning! With leading investors on board, we're bringing Opendoor to more customers across the US. We've had the privilege of working with ~20,000 customers, giving them the freedom to move on to their next chapter. Excited to bring that to 50 cities by 2020! pic.twitter.com/IquG7ue4xs
— Opendoor (@Opendoor) June 13, 2018
Currently the service is offered in 10 US cities, post-funding round Opendoor is hoping to expand to 50 cities by 2020.
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.
Why are we asking the crowd to support us for the second time? #crowdfunding #Insurtech pic.twitter.com/7ByUBgtK80
— Wrisk HQ (@WriskHQ) June 12, 2018
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.”
Raging party for @Cohesity at #CiscoLive. Celebrating $250M D-round with our closest 1500 friends!! @Ludacris is coming up!!! pic.twitter.com/IixVzzBl5M
— Mike Kim (@mikekimster) June 12, 2018
