Open the door, The online real estate giant that lets people buy and sell houses directly online, has acquired a Seattle-based startup Professional website And San Francisco Sky lightThe terms of the transaction were not disclosed. Both platforms that provide digital home decoration services will be discontinued.
“The addition of the Skylight and Pro.com teams will bring like-minded founders and teammates who are deeply concerned about housing renovations,” Opendoor CEO Eric Wu wrote in a statement. Blog post“Although their platform will be eliminated, the talent and technology of each team will help us expand and accelerate our roadmap.”
San Francisco-based Opendoor is a leader in the growing iBuyer market, which includes other companies such as Seattle companies Zillow Group and Redfin, which aim to digitize the home buying experience. With the acceleration of digital applications, the pandemic has helped spur the iBuying boom, Wall Street Journal Reported last week.
Open the door make money Fees are similar to real estate commissions and the price difference between buying and selling houses. It also provides ancillary services, including home repairs and mortgage loans.The company was listed on the SPAC transaction last year and is currently in more than 40 markets and get A record 8,494 homes in the second quarter of 2021. The acquisition of Pro.com enabled Opendoor to enter Seattle for the first time; this move could help the company tap talent from Zillow, Redfin, and Compass, the latter of which has a considerable business in Seattle.
Pro.com was established in 2013 and is a technology-driven general contracting platform. It aims to simplify the home improvement process, such as a pricing engine that ensures accurate bids, a quotation tool suitable for mobile devices, and other project management services.
The company’s original mission was to change the way homeowners find, book and arrange home improvement professionals (such as plumbers and painters). But then its business model shifted from the home improvement market to the general contractor itself, with a complete roster of internal construction personnel.
Recently, Pro.com published a “benchmark offer” which analyzed multiple bids from general contractors.
Co-founder of Pro.com Matt Williams with Raj Subramanian Will join Opendoor as a result of the transaction, but some employees will not transition. Opendoor will recruit 50 employees from Pro.com and Skylight; according to LinkedIn, Pro.com has about 70 employees and Skylight has about 37 employees. Skylight was launched five years ago as a digital transformation service.
More than a year ago, Pro.com laid off 52 employees, about one-third of its total number of employees, because it described the impact of the pandemic on housing construction.
The startup raised $33 million in funding in January 2019. To date, the total funding has exceeded 60 million U.S. dollars. Investors include Xihe Group; Redfin Fish; DFJ; Madrona Venture Capital Group; Mavlong; and two Sigma Venture Capital companies. Glenn Kelman, CEO of Redfin, is a member of the company’s board of directors.
Williams previously ran Seattle-based LiveBid.com, which was acquired by Amazon in 1999. He worked at Amazon until 2010, then served as CEO of Digg for two years before launching Pro.com in 2013.
Subramanian worked at Amazon from 1999 to 2006. She worked for Yahoo for a while and founded an engineering outsourcing company called Radien Software.