# Opendoor

> Opendoor pioneered iBuying — instant online home offers — and went public in 2020 after raising $1B+ from top-tier VCs.

## Why it is interesting

Keith Rabois (Khosla) and Eric Wu bet algorithmic pricing could replace the traditional listing agent — a16z joined the cap table as iBuying scaled to dozens of markets.

## Profile

- **Stage:** public
- **Status:** public
- **Industries:** generalist-tech
- **Coverage:** full
- **Last updated:** 2026-07-24

## Key facts

- Series D (Nov 2016): $210M led by Norwest; NEA, Khosla, GGV participated (Opendoor press)
- IPO (Dec 2020): NASDAQ: OPEN via SPAC

## Investors in our directory

- https://venturecapitaltracker.com/fund/andreessen-horowitz
- https://venturecapitaltracker.com/fund/khosla-ventures
- https://venturecapitaltracker.com/fund/new-enterprise-associates
- https://venturecapitaltracker.com/fund/norwest-venture-partners
- https://venturecapitaltracker.com/fund/ggv-capital

## Related articles

- https://venturecapitaltracker.com/2026-a16z-hot-portfolio-companies

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Source: https://venturecapitaltracker.com/startup/opendoor