Openland is a San Francisco-based real estate technology startup making it easier to acquire land for new construction. The company was founded in 2017, went through YCombinartor in Winter 2018, and is backed by a broad group of top-tier venture investors.
Openland makes it easier to buy land for new construction. We cover all types of development sites, including vacant land, parking lots, and buildings that can be demolished and replaced. We also support multiple transaction types: purchase, joint venture, ground lease, or option-to-buy. Today land acquisition is a slow, manual, relationship-driven process. Most deals happen off-market, without a public announcement or auction.
Better land acquisition solutions are desperately needed to reallocate space from "old use" to "new use". The old use is parking, manufacturing, military, traditional retail, and dirty energy. New use is dense housing, modern workspaces, infrastructure for electric cars, clean energy, and delivery-oriented retail. A transparent and efficient land market will have massive positive impact on cities and economy. It will create more housing, more jobs and better infrastructure.