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The Venture Codex

OpenHouse

1335 4th Street Suite 200, Santa Monica, CA, 90401, United States

Overview

OpenHouse provides a lifestyle-driven home search that surfaces properties and neighborhoods based on mapped amenities (e.g., dog parks), crime and demographic data, and aggregated geotagged social-media posts. The product analyzes public Twitter and Instagram posts to give users a sense of what neighbors are interested in and whether a home fits their lifestyle (dog-friendly, solar-powered, open floor plan, pool, kid-friendly, etc.). It runs on iOS, desktop and the mobile web with listings across 14 metro areas, and the team reports relationships with more than 200 multiple listing services to expand rapidly to new regions. OpenHouse was formed by the November 2015 merger of Santa Monica’s Agent Ace and Toronto’s fypio, combining Agent Ace’s agent-ranking/connection technology with fypio’s lifestyle-driven search. The company monetizes by connecting buyers to agents and taking a cut when a referred agent completes a sale; if no sale occurs, it earns nothing. Financially, OpenHouse closed a $13.5 million Series A round in November and plans to use its MLS relationships to grow coverage and user adoption.

Total raised
$14M
Funding rounds
1
Latest round
Series A
Latest activity
Feb 2016

Industries

  • Big Data
  • Real Estate
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Recent funding

  1. Series A

    Feb 2016

    $14M

Team

No current team members are available.