NEW YORK, Sept. 23, 2021 /PRNewswire/ --
Access Technology Ventures, the venture capital and growth
technology investment arm of privately held industrial group Access
Industries, announced today an additional $300 million purchase of stock of Opendoor
Technologies Inc. (NASDAQ: OPEN), a leading digital platform
for residential real estate.
Access' $1 billion position makes
it Opendoor's largest shareholder.
Access' additional purchase of Opendoor stock is
consistent with Access' strategy to invest in and help build
foundational companies that touch millions of customers across the
consumer and enterprise technology ecosystems. Access has
supported Opendoor since 2015 and has either led or participated in
every subsequent private financing, including the company's
private placement in 2020 leading up to its IPO.
About Access Technology Ventures
Access Technology
Ventures is the $4+ billion venture capital and growth
technology investment effort of Access Industries, a privately
held, U.S.-based industrial group with global strategic investments
of $20+ billion. Its portfolio includes leading technology
companies such as Alibaba, Amazon, Digital Ocean, Facebook,
Opendoor, PinDuoDuo, Snap, Square and Tencent Music.
Access Industries was founded in New York in 1986
by Len Blavatnik, a global entrepreneur and philanthropist.
Access Industries invests in industries in which it can maximize
long-term value by developing regional and global market-leading
companies.
Contact:
media@accessindustries.com
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SOURCE Access Industries