Proptech Startup Opendoor Secures $400M Series E

San Francisco-based proptech company Opendoor has raised $400 million in Series E funding led by General Atlantic. The company, which buys and sells homes directly to consumers, is valued at $3.8 billion. Opendoor uses technology to streamline the home buying and selling process, offering instant cash offers and flexible closing dates. The funds will support expansion into new markets.