SAN FRANCISCO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Mainstay ("Company"), formerly Open Exchange, a comprehensive market intelligence and transaction platform for the single-family rental industry, today announced its launch as an independent, privately-held company, marking its separation from Opendoor Technologies Inc. ("Opendoor") (NASDAQ:OPEN), a leading e-commerce platform for residential real estate transactions. Mainstay also announced an equity capital raise led by Khosla Ventures, with participation from Inspired Capital and others. The equity investment will be used to support the Company in its next phase of growth as a standalone company. The mission of Mainstay is to be the most comprehensive market intelligence and transaction platform in the single-family rental industry—powering informed decision-making and unlocking opportunities for owners, operators, and residents. By aggregating and standardizing data from 50+ unique sources, Mainstay provides actionable insights to all market participants. In addition, Mainstay offers Mainstay Pro, purpose-built for owners and operators to buy, manage, and sell homes on a single platform. This transaction will allow Mainstay to accelerate its growth, expand its product offerings focused on the single-family rental industry, ...