Thursday, March 14, 2019

Offerpad Raises Series C Funding, Brings Total Raised To $975M

Phoenix-based Offerpad, which provides nearly instant offers on homes to homeowners looking to sell their property quickly, says it has closed its Series C funding. Size of the funding was not announced, however, Offerpad says it now has raised a total of $975M in equity and debt. According to Offerpad, the funding was led by an un-named, new investor, with the debt capital funding coming from Citi. Offerpad, led by CEO Brian Bair, said the new funding will allow it to purchase more houses, and also enhance its experience and create new tools. Offerpad was founded in 2015. The company says it now operates in Atlanta, Charlotte, Dallas-Fort Worth, Houston, Las Vegas, Los Angeles, Orlando, Phoenix, Raleigh, Salt Lake City, Tampa, and Tucson.