Real estate

Foundation

Website
Founded 2023Origin source ↗Checked 2026-09-15

Overview

Foundation is the buyer experience platform for homebuilders. By bringing the new home shopping, purchase, and ownership experience online, Foundation helps homebuilders sell more homes, more profitably, to happier customers.

Company description As recorded 2026-11-08
LinkedIn
Real estateIndustry softwareBusinessesSmall businessesSubscription

Product & workflow

Sales, closing, and ops teams streamline communication, coordinate handoffs, and automate routine tasks.

Source-reported As recorded 2026-10-28

Founders & team

Luke Groesbeck

Founder

Luke is the cofounder of Foundation, the buyer experience platform for homebuilders. Prior to foundation, Luke has spent 15+ helping start & scale ventured-backed startups as a founder, PM, and product exec.

LinkedIn X
Founder profile As recorded 2026-09-15

Derek Schairer

Founder

Derek is the co-founder of Foundation, the buyer experience platform for homebuilders. Prior to Foundation, he was the former GM of Opendoor’s homebuilder business, which he turned into the company's first $1b+ partnership channel. Previously, he worked at one of the nation's largest homebuilders, Lennar, and has 15+ years in the homebuilding industry. He is passionate about building a better platform for residential real estate and the new construction industry.

LinkedIn
Founder profile As recorded 2026-09-15
4team members reported
Source-reported As recorded 2026-09-15

Founded 2023 · Source

Origins

Our founding team met while working at Opendoor. Two of us (Derek &Luke) worked together on the partnerships team, which grew to become a major driver of customer acquisition at Opendoor, while Graham was one of the first people on the original version of Opendoor Mortgage. The Homebuilder business was Opendoor’s first partner channel AND first billion-dollar partner channel. As these builders got to know Opendoor, they’d get to know our products — and started wrapping their heads around how modern digital products could help them transform their businesses. We started Foundation to meet this growing demand.

Founder account As recorded 2026-09-15

News & product activity

Sources & observations

Y Combinator

Profile depthverified profile
Website observationwebsite reachable
Last website check2026-11-11
Location · source statedBoulder, CO, USA; Remote
Pricing evidenceNo pricing page confirmed
Maturity: Not assessed · 3 of 6 areas documented

Source-based assessment · automated evidence rules

The retained text does not establish product availability or customer use.

Maturity is an evidence-based assessment, not a success rating. It may understate the current stage where evidence is limited. Coverage records documented areas, not a complete or independently audited company history.

Stage definitions
independent websitesource corroborationreachable websitedescriptive evidenceclassified market and modelsourced peoplesourced founding year
startup.observe Directory coverage · Sources & method