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Online home trading startup Open Door secures $300M

Open Door Labs Inc. raised $300 million in funding, with sources pegging the online home marketplace's valuation at $3.8 billion, TechCrunch reported.

Previous investor General Atlantic Service Co. LP participated in the round, together with Hawk Equity LLC, SoftBank Vision Fund LP, Access Technology Ventures, Lennar Corp., Fifth Wall Ventures Management LLC, SV Angel, Norwest Venture Partners, New Enterprise Associates, GGV Capital, Khosla Ventures LLC and GV, along with other unnamed investors.

The new capital will be injected into Open Door's product development and expansion in new markets across North America, the report noted, citing an email from Open Door CEO Eric Wu.

Open Door received $400.0 million in venture capital funding in September 2018.