In 2015, OpenHomes has seen +100% year over year growth in revenue and customers We’ve become a top 12% agency in our first market, south central Wisconsin, and have sold homes throughout southern Wisconsin. We sell homes faster and for more money than traditional agents, too – just 11 days on market (vs. market average of about 28), and for 99.2% of listing price (vs. market average of about 97%).
OpenHomes customers save an average of about $6,000 vs using a traditional agent. Our net promoter score is 100 points – meaning every single customer surveyed said s/he would recommend OpenHomes to a friend or colleague. Now that our tech is in great shape and our traction is strong, we’ll be opening up a $500k round to help us expand to new states and drive even more rapid growth.
OpenHomes has had a great 2014, starting off the year by closing a successful seed investment round. This year, OpenHomes is active in three MLS regions, covering all of Southern Wisconsin and Door County.
In the fall, we were one of 100 startups globally to be selected to pitch at the PITCH ALPHA competition at Web Summit in Dublin, Ireland, Europe’s largest tech conference. We also were selected to pitch at the investor track at the 2014 Wisconsin Early Stage Symposium. Perhaps most exciting, we hired a new CTO, Josh Treichel; Josh was previously a software engineer at Networked Insights. This year, OpenHomes was featured in Madison Magazine and the Wisconsin State Journal, among many other press outlets. Keep in touch with us in 2015 on Facebook, Twitter, and Pinterest.
OpenHomes, a real estate startup aiming to make it easier and more affordable for people to sell and buy homes, has raised over $180,000 in seed round funding.
OpenHomes is a simple, affordable, and convenient way to sell or buy a home, saving homeowners thousands of dollars by charging only a 1% commission. The seed round will provide capital for marketing and software development. Investors include CSA Partners, Angels on the Water, Mark Bakken, gener8tor, and several other angel investors. OpenHomes is a graduate of gener8torâ€™s Summer 2013 accelerator program.
Graduates from Wisconsinâ€™s premier startup accelerator program will pitch their companies to an audience of investors and fellow entrepreneurs tonight (August 29), at gener8tor‘s Launch Day event in Milwaukee.
The 5 high-tech startups in the Summer 2013 class received capital, mentorship, and connections throughout the 12 week gener8tor program. The Launch Day event will feature 5 minute pitches by the companies, as well as a keynote by serial entrepreneur Brian Wiegand. The presenting companies include:
Docalytics – An easy to implement, cross-platform technology that enhances how businesses use their marketing and sales documents to interact with and capture actionable data from their prospective customers.
MailLift – Integrates with your Customer Relationship Management, helpdesk, and other tools allowing handwritten letters to be automated.
OpenHomes – Provides modern, professional tools for the “for sale by owner” market.
Optyn – Makes marketing simple for small businesses by providing easy, automated tools to acquire and engage their customers.
catalyze.io – Provides health cloud solutions for application developers, enabling rapid application development, enhanced data integration and industry-standard security.
More information about the gener8tor Launch day and companies is available here.
gener8tor just kicked off it’s Summer 2013 Program in Milwaukee. The 12 week program will provide 5 teams capital, mentorship, expertise, and more and will culminate with a Launch Day event on August 29 where each team will pitch their company to a crowd of community members and potential investors.
“The Summer 2013 Program consists of some of the most innovative startups from around the country. We’re really looking forward to helping these companies grow and achieve their full potential.” – Troy Vosseller, Co-Founder of gener8tor
Over 250 companies applied, of which 5 teams were chosen. The teams include:
OpenHomes (Madison, WI) – OpenHomes is a safe, affordable, modern way to buy or sell a home. OpenHomes uses technology to connect homebuyers and sellers as well as helping real estate agents serve their clients better and more efficiently.
Catalyze.IO (Milwaukee, WI) – Catalyze.IO offers cloud-delivered backend infrastructure for health and wellness applications to make it easier, cheaper and faster for developers to create solutions for healthcare.
DeckPresenter (Austin, TX) – DeckPresenter is a web presentation tool built for businesses designed to host, manage and track PowerPoint decks.
Docalytics (Minneapolis, MN) – Docalytics builds online tools to help marketers get more from their content marketing activities.
Optyn (Chicago, IL) – Optyn optimizes the marketing relationships between businesses and consumers.