Access Technology Ventures, the venture capital and growth technology investment arm of privately held industrial group Access Industries, has purchased an additional $300 million purchase of stock of Opendoor Technologies Inc., a 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, the company said. 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.
