Founded in 2014, Opendoor Technologies Inc. pioneered the iBuying (instant buying) business model for real estate. The company's mission is to empower everyone with the freedom to move by making buying and selling a home simple, certain, and fast. Opendoor uses proprietary algorithms and data to provide homeowners with near-instant cash offers for their properties, aiming to remove the uncertainty and hassle of the traditional real estate market. After purchasing a home, the company performs light renovations and then lists it for sale on its platform and the open market.

Founded in

United Kingdom