Real estate technology startup Opcity is moving its headquarters from downtown to Southeast Austin to fuel its rapid growth.
After researching options across town, the company is opening a 50,000-square-foot office at 6800 Burleson Road.
The space will allow the company to double its current 225-person headcount, said CEO Ben Rubenstein.
“We have a very aggressive plan to grow, and this is our fourth office search,” Rubenstein said. “This is a very cool space, and it’s our first opportunity to really have a place that feels like home.”
Opcity, which launched last year, has built a platform that connects real estate agents with pre-screened homebuyers and sellers using matching algorithms.
Agents pay nothing upfront. Opcity receives a commission when a match results in a closed deal.
More than 13,000 agents and 1,000 brokerages in 30 states have signed on to the platform. Customers include independent brokerage companies and franchises such as Berkshire Hathaway Home Services, Keller Williams, ReMax and Century 21.
In June, the company raised $27 million in its first round of venture financing to accelerate its expansion plans. The lead investor in the deal was Silicon Valley-based Icon Ventures, with participation from Georgian Partners of Toronto and LiveOak Venture Partners of Austin.
When it came time to find a larger space than its current office at West Cesar Chavez and Lavaca streets, Opcity was ready to leave downtown, Rubenstein said.
“Parking is a real pain. Even in our garage it’s 10 minutes just to get to the ground floor,” Rubenstein said.
“We plotted on a map where every single person in the company works, and we mapped out their drive times to various locations in average and in peak traffic times.”
Burleson, he said, turned out to be the best location. “You can get to our office by avoiding a lot of the major congested parts of town and just take (Texas) 71.”
The new space features an open floor plan where everyone will work on the same floor. It includes a gym, which will offer classes like yoga, and two sets of men’s and women’s showers. A mini golf course and ping pong table are located under a redesigned atrium.
The company will provide a free catered lunch daily, and a large deck and outdoor space will host company-wide events and barbecues.
“The cafeteria and outdoor deck will be places where people can socialize and get to know each other,” Rubenstein said. “This is a place that’s easy to get to, and awesome when you get there.”
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