Opendoor, the private real estate marketplace founded by former Square COO Keith Rabois and Movity founder Eric Wu, has raised $20 million in follow-on funding led by GGV Capital, alongside Khosla Ventures, the Mack Family, Thrive Capital, Caffeinated Capital, Sherpa Ventures, Haystack Fund, and Kevin Systrom. Using data analytics, Opendoor assigns a fair value to all listed properties, and quickly buys those that it deems to be appropriately priced for the opportunity to re-sell. Currently focused on the Phoenix market, the company plans to expand into Portland and Dallas in the near future.
Branch Metrics, a company that uses “deep links” to make the information contained in mobile applications searchable, has raised $15 million at a $75 million post-money valuation. New Enterprise Associates led the round, with added participation coming from Cowboy Ventures, Pejman Mar Ventures, and TriplePoint Capital. The company was founded in 2012 by classmates at Stanford’s Graduate School of Business.
Institutional and strategic investors are together pouring $5 million into Getable, a mobile app that connects contractors with vendors of construction equipment. The Social + Capital partnership led the round, while construction companies JJ Albanese, Pacific Structures, and others from the industry were also involved.
Chefs Feed, an online restaurant review platform that restricts its contributions to professional chefs, has raised $4 million from Structure Capital, Haas Portman, and Subtraction Capital. The free app counts 1,200 contributing chefs and reviews of restaurants in 24 different cities.
The personal drone company 3D Robotics, co-founded by former Wired Magazine editor Chris Anderson, has raised $50 million from Qualcomm Ventures, just weeks after the FAA announced its proposed regulations for commercial drone activity. 3D Robotics produces both whole drones and component parts. The five year old company has now raised over $85 million to date.