Private placement with existing investors including CEO Brian Bair extends the company’s cash burn runway by six months to a year, KBW analysts say.
Source: Inman News
Offerpad buys more time with $90M raise as end of runway approaches
Published in Brian Bair, first american, First American Financial Corp., ibuyer, ibuying, Industry News, Keefe Bruyette & Woods, Mortgage, offerpad, Roberto Sella, Ryan Tomasello, Select, spencer rascoff and venture capital
More from Brian BairMore posts in Brian Bair »
- Offerpad home sales, acquisitions hit new low in Q3 2025
- Offerpad sees declining revenue, but trims losses during Q2
- IBuyer Offerpad cuts Q1 loss and boosts acquisitions as sales fall
- Offerpad losses mount as iBuyer acquires and sells fewer homes
- Impact of NAR’s commission rule change illuminated in Q3 earnings
More from first americanMore posts in first american »
- Does this new housing data foreshadow a recession?
- Mortgage rates drop sharply as Powell shifts stance on rate cuts
- ‘Construction is in a funk’: Homebuilding improves, but inventory issues remain
- Single-family permits and starts reach 11-month low in June
- Housing starts plunge 10% in May to lowest level since 2020
More from First American Financial Corp.More posts in First American Financial Corp. »
- High-net-worths find safe harbor in real estate: Sotheby’s Realty
- Ex-First American CEO entitled to $18M following cruise ship brawl
- First American CEO Ken DeGiorgio terminated, new CEO named
- First American CEO accused of choking barefoot cruise passenger
- Existing-home sales dip in January but maintain annual growth
More from ibuyerMore posts in ibuyer »
- New Opendoor CEO’s plan: ‘Buy more good homes and get more good sellers through our funnel’
- Here’s how to save canceled listings and improve success rates
- Offerpad home sales, acquisitions hit new low in Q3 2025
- Is the ‘proptech winter’ ending? This is what investors are watching
- Opendoor continues C-sweep with CFO swap
More from ibuyingMore posts in ibuying »
More from Industry NewsMore posts in Industry News »
More from Keefe Bruyette & WoodsMore posts in Keefe Bruyette & Woods »
More from MortgageMore posts in Mortgage »
- Bayview merger positions Guild Mortgage for refinancing boom
- Rep. Eric Swalwell sues Pulte, FHFA, Fannie Mae and Freddie Mac
- Homebuyers came out in force last week, and rates are trending down
- Fannie and Freddie cleared to back loans of up to $832,750 in 2026
- Realtor who tipped Pulte to Schiff loans now a witness [EXCLUSIVE]
More from offerpadMore posts in offerpad »
- Offerpad home sales, acquisitions hit new low in Q3 2025
- From cash offer to collaboration: Offerpad empowers agents and sellers
- Opendoor’s resurrection: Will there be an iBuyer afterlife?
- He started the Opendoor stock rally. Now he wants the CEO out
- Opendoor grows revenue and trims losses in 2nd quarter rally
More from Ryan TomaselloMore posts in Ryan Tomasello »
More from SelectMore posts in Select »
- This team is jumping on the private listing platform trend (EXCLUSIVE)
- Redfin on 2026: Affordability improves, sales rise only slightly
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- Change strategy as the market shifts to win the listings long game
More from spencer rascoffMore posts in spencer rascoff »
More from venture capitalMore posts in venture capital »
- Inman unveils winners of the 2025 Best of Proptech Awards
- New Opendoor CEO’s plan: ‘Buy more good homes and get more good sellers through our funnel’
- From Vegas to venture capital: Navigating the uncertain path of the proptech founder
- Better Mortgage seizes the day on Wall Street with $75M raise
- Fathom’s share price rebounds after $5.4M offering closes
Be First to Comment