Eric Wu, the ex-head of Geoat Trulia, and Keith Rabois, a member of the “PayPal Mafia,” announced that their new company, Opendoor, has raised nearly $10 million in Series A funding. Joining Khosla Ventures and SV Angel in the round are a host of noteworthy angel investors, including Max Levchin (PayPal co-founder), Sam Altman (Y Combinator president), Aaron Levie (founder and CEO of Box), Garry Tan (Y Combinator partner), and Alexis Ohanian (Reddit co-founder). The company was conceived when Rabois’ close friend, Peter Thiel, recommended he focus his attention innovating in residential real estate. “It’s the largest part of the economy unaffected by the Internet,” he told VentureBeat in April, “the process of [selling a home] hasn’t been transformed by the technology.” The company’s website promises to allow its users to “receive an instant offer online and close in 3 days.”
Xapo, a bitcoin storage company, has raised $20 million in Series B funding, four months after raising $20 million in Series A. Greylock Partners, Index Ventures, and Emergence Capital Partners participated alongside angel investors Max Levchin, Yuri Milner, and Jerry Yang. Slow Ventures, Ribbit Capital, Fortress Investment Group, and Benchmark were involved in the March investment. The company currently has two products engineered to enhance consumer confidence in bitcoin: an easy-access wallet and a highly secure vault.
Matterport, a system that uses a patent-protected camera that when controlled through an iPad captures 3D and 2D pictures of interior spaces, announced it has secured $16 million in new VC funding. A product of Y Combinator’s 2012 class, the company has now raised $26 million. The round was led by DCM and also included new investor AME Cloud Ventures alongside returning backers AMD Ventures, Felicis Ventures, Greylock Partners, Lux Capital, Navitas Capital, Rothenberg Ventures. Angel investors Gordon Segal and Blake Krikorian, who had participated in previous rounds, also contributed funding.
The Foster City, Calif.-based company Cloudian, a hybrid cloud storage service provider, raised $24 million in Series C funding from a mix of foreign and domestic investors. Innovation Corporate Network of Japan (INCJ), the $20 billion joint fund between the Japanese government and some of its biggest industrial companies, were joined by Fidelity Growth Partners Japan, Intel Capital, and Goldman Sachs. Cloudian provides over 400 customers with the option to store its data in both traditional, “grounded” formats and public, semi-public, private clouds, through partnering cloud computing environments like Amazon Web Services and Apache CloudStack.
The marketing analytics company RetailNexthas raised $30 million in new funding, bringing its total amount of venture capital investment to $59.4 million. RetailNext provides real-time analytics to in-store retailers, by tracking 500 million customers using technology like video analytics, Wi-Fi detection, bluetooth, on-shelf sensors, and data from point-of-sale systems. Founded in 2007 and based in San Jose, Calif., the round was led by Qualcomm, Tyco International, Amex Ventures, and Activant Capital, with additional participation coming from existing investors August Capital, StarVest Ventures, and Commerce Ventures.