Ten-X

Overview

Acquisitions: 1 Acquisition
Total Equity Funding: $141.75M in 3 Rounds from 3 Investors
Headquarters: Irvine, California
Description: Ten-X (formerly Auction.com) is the nation’s leading online real estate marketplace.
Founders: Jeffrey Frieden, Monte Koch, Robert Friedman
Categories: Marketplace, Real Estate, Online Portals
Website: http://ten-x.com/

Company Details

Founded: 2007
Aliases: Real Estate Disposition, Auction.com
Contact: (800)793-6107
Employees: 501 – 1k | 17 in Crunchbase

Ten-X (formerly Auction.com) is the nation’s leading online real estate marketplace. Leveraging desktop and mobile technology, Ten-X allows people to safely and easily complete real estate transactions entirely online. The company brings quality assets to the market and attracts prospective investors from around the world. By virtue of its best-in-class marketing and scalable technology platform, buyers and sellers are able to conduct transactions in a transparent, efficient manner.

Ten-X empowers consumers, investors and real estate professionals with unprecedented levels of flexibility, control and simplicity – and the convenience of transacting properties whenever and wherever they want. As real estate continues to move online, Ten-X is uniquely positioned at the forefront of this dramatic industry evolution.

Three Distinct Lines of Business Ten-X Commercial – dedicated to the sale of quality commercial properties via auction and more traditional methods
Ten-X Homes – a new transaction platform (coming to market in March 2016) created especially for move-in ready homes and offering more traditional transaction options that appeal to a consumer audience
Auction.com, a Ten-X company – still the nation’s largest online real estate marketplace, now exclusively focused on the sale of bank-owned and foreclosure properties via online auctions as well as live trustee sale events Ten-X has over 1,000 employees across the company’s headquarters in Irvine and Silicon Valley, California as well as offices in key markets nationwide.

Quick Facts: * Founded in 2007; Online platform launched in 2008 * First mobile app launched in 2014 * 200,000+ residential and commercial properties sold, totaling more than $37 billion * Buyers from across the globe * Largest property transaction to date: Over $96 million.