Real Estate startup Opendoor which is innovating and investing heavily to simplify the complex process of Real Estate purchases to something as easy as a simple seamless transaction has now raised a huge $325 Million in funding to expand its operations of buying and selling homes with simple methods and invest heavily to bring the best talent to scale up the company’s operations.

This funding brings the total Opendoor has raised to a huge $645 million in equity amidst a huge valuation of over $2 Billion.

Opendoor was founded by a notable team which includes Eric Wu who previously founded Movity, A real estate focused startup which sold to online real estate giant Trulia and also Keith Rabois who is a member of the PayPal Mafia and has held executive roles at LinkedIn, Slide and payments giant Square.

Opendoor currently purchases more than $2.5 Billion of homes on an annual basis and offers brokerage services as part of its operations for home buyers, Opendoor which requires huge capital for its business has also taken on $1.5 Billion in debt financing for its home-purchasing operations.

Among the investors in this huge round include Andressen Horowitz, General Atlantic, Access Technology Ventures and also home construction giant Lennar who is getting a board seat at the company amidst other investors.

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