{"id":984,"date":"2019-03-14T17:06:00","date_gmt":"2019-03-14T17:06:00","guid":{"rendered":"https:\/\/www.realtrends.com\/blog\/2019\/03\/14\/ibuyer-offerpad-closes-round-of-financing-after-raising-1-billion\/"},"modified":"2025-03-13T02:12:55","modified_gmt":"2025-03-13T02:12:55","slug":"ibuyer-offerpad-closes-round-of-financing-after-raising-1-billion","status":"publish","type":"post","link":"https:\/\/www.realtrends.com\/blog\/2019\/03\/14\/ibuyer-offerpad-closes-round-of-financing-after-raising-1-billion\/","title":{"rendered":"iBuyer Offerpad Closes Round of Financing After Raising $1 Billion"},"content":{"rendered":"<h3><em>Startup says it raised almost $1 billion to continue its growth across its markets in 12 metros.<\/em><\/h3>\n<p>Arizona-based real estate and technology company&nbsp;<a href=\"https:\/\/www.offerpad.com\/\">Offerpad<\/a> announced the close of its successful Series C financing. The new equity funding, along with previously undisclosed debt capital from Citi late last year, brings the company\u2019s combined equity and debt capital raised to nearly $1 billion since its start just three and a half years ago. Offerpad\u2019s Series C was led by a new investor.<\/p>\n<p><!--more--><\/p>\n<p>Offerpad also secured funding in late 2018 from Citi in the form of a significant warehouse facility, the real estate tech company\u2019s third in its nearly four-year history. The deal will allow Offerpad<a href=\"offerpad-brian-bair-expansion\/\"> to continue its rapid growth trajectory<\/a> across the iBuyer\u2019s current 12 metro areas. Offerpad doubled its year-over-year home acquisitions in 2017, repeated that growth in 2018, and is now poised to further increase performance with the announced funding. The company\u2019s Series C round will allow the real estate and technology firm to purchase more houses, enhance the real estate experience for consumers, and introduce new tools to foster a more efficient working relationship with real estate agents<a href=\"https:\/\/www.offerpad.com\/agents\/\"><\/a> across its markets.<\/p>\n<p>\u201cSince Offerpad\u2019s early days, we\u2019ve been fortunate to attract the confidence of excellent investors,&#8221; said&nbsp;CEO Brian Bair.&nbsp;&#8220;Having such positive partnerships with our lasting and new investors presents us with the exciting opportunity and ability to do more for homeowners around the country as we expand.\u201d<\/p>\n<p>The iBuyer previously announced funding in January 2017 and May 2018, which the company used to fuel expansion into <a href=\"offerpad-now-open-additional-texas\/\">new markets<\/a>. The capital also supported Offerpad\u2019s recent rebranding and development of its Instant Access, home loans, home trade-in, and free local move offerings. Late last year, Offerpad announced its growth strategy expecting to double the number of cities serviced in 2019, and then again in 2020. Its successful Series C round will support this business objective.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Startup says it raised almost $1 billion to continue its growth across its markets in 12 metros. Arizona-based real estate and technology company&nbsp;Offerpad announced the close of its successful Series C financing. The new equity funding, along with previously undisclosed debt capital from Citi late last year, brings the company\u2019s combined equity and debt capital [&hellip;]<\/p>\n","protected":false},"author":15802,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[],"class_list":["post-984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>iBuyer Offerpad Closes Round of Financing After Raising $1 Billion<\/title>\n<meta name=\"description\" content=\"Offerpad announced the close of its successful Series C financing. 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The new equity funding, along with previously undisclosed debt capital from Citi late last year, brings the company\u2019s combined equity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.realtrends.com\/blog\/2019\/03\/14\/ibuyer-offerpad-closes-round-of-financing-after-raising-1-billion\/\" \/>\n<meta property=\"og:site_name\" content=\"RealTrends - Blog\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Tracey Velt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@traceyveltFL\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tracey Velt\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.realtrends.com\/blog\/2019\/03\/14\/ibuyer-offerpad-closes-round-of-financing-after-raising-1-billion\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/2019\/03\/14\/ibuyer-offerpad-closes-round-of-financing-after-raising-1-billion\/\"},\"author\":{\"name\":\"Tracey Velt\",\"@id\":\"https:\/\/www.realtrends.com\/blog\/#\/schema\/person\/db05dddc94c61082eaa18f2f5e66c788\"},\"headline\":\"iBuyer Offerpad Closes Round of Financing After Raising $1 Billion\",\"datePublished\":\"2019-03-14T17:06:00+00:00\",\"dateModified\":\"2025-03-13T02:12:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/2019\/03\/14\/ibuyer-offerpad-closes-round-of-financing-after-raising-1-billion\/\"},\"wordCount\":325,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/2019\/03\/14\/ibuyer-offerpad-closes-round-of-financing-after-raising-1-billion\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png\",\"articleSection\":[\"Archive\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.realtrends.com\/blog\/2019\/03\/14\/ibuyer-offerpad-closes-round-of-financing-after-raising-1-billion\/#respond\"]}],\"isAccessibleForFree\":\"False\",\"hasPart\":{\"@type\":\"WebPageElement\",\"isAccessibleForFree\":\"False\",\"cssSelector\":\".wp-block-housingwire-piano-member\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.realtrends.com\/blog\/2019\/03\/14\/ibuyer-offerpad-closes-round-of-financing-after-raising-1-billion\/\",\"url\":\"https:\/\/www.realtrends.com\/blog\/2019\/03\/14\/ibuyer-offerpad-closes-round-of-financing-after-raising-1-billion\/\",\"name\":\"iBuyer Offerpad Closes Round of Financing After Raising $1 Billion\",\"isPartOf\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/2019\/03\/14\/ibuyer-offerpad-closes-round-of-financing-after-raising-1-billion\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/2019\/03\/14\/ibuyer-offerpad-closes-round-of-financing-after-raising-1-billion\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png\",\"datePublished\":\"2019-03-14T17:06:00+00:00\",\"dateModified\":\"2025-03-13T02:12:55+00:00\",\"description\":\"Offerpad announced the close of its successful Series C financing. 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