Open Listings Finds $1M

San Diego-based Open Listings says it has raised $1M in a seed funding round, for the company's home buying service. The funding came from Y Combinator, Soma Capital, ChinaRock Capital, I/O Ventures, Joe Montana & Liquid2 Ventures, Kevin Hale, Josh Guttman, Kevin Moore, along with other angels. According to Open Listings, it will use the new funding to build out its home buying platform. Open Listings operates a technology and software-driven service to help buyers with their home purchase, using a pool of real estate agents; the company also says it refunds 50 percent of the commission it receives for purchases back to the buyers. The company has offices in Los Angeles and San Francisco. More information »