Open Listings is an end-to-end real estate platform for buyers that lets users find listings, book private showings, make offers, and complete all necessary paperwork. The company segments the transaction so local agents only handle property showings while in-house agents handle offers and closings. This approach enables the startup to refund 50% of the commission to buyers, yielding average savings of about $8,000. The team has 23 full-time employees based in Los Angeles and is licensed to buy homes in California and Washington State, with two more states planned by the end of the year. Recent operating metrics include closing a little over 60 homes in a month and about 300,000 people viewing properties on their site in California during the same period.

Total raised

$7M

Funding rounds

1

Latest round

Series A

Latest activity

Jul 2017