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Keith Rabois, Eric Wu, who previously founded Movity, a real-estate startup acquired by Trulia, and JD Ross, now a co-founder at With Coverage. After raising a $9.95m venture capital round led by Khosla Ventures in May 2014, the company began operations. In 2018, Opendoor raised $400m in funding from the SoftBank Group Vision Fund. In 2019, it raised $300m in a funding round led by General Atlantic.

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