Total amount raised
$130 Millions
Latest funding date
10/1/2024
Location
DoorLoop has successfully raised $100 million in a Series B funding round, attracting significant attention from investors. The platform offers comprehensive property management solutions, including tenant screening, rent collection, and accounting management.
Keep reading to explore the intricacies of DoorLoop's fundraising journey and the investors backing this innovative platform.
What Is DoorLoop?
Founded in 2019, DoorLoop is a property management software company based in Miami, Florida. The platform streamlines property management by automating tenant and lease management, rent and fee collection, accounting, and maintenance requests.
DoorLoop was established by Adam Mait, David Bitton, Itay Gardi, Matthew Cave, and Ori Tamuz. The company has grown rapidly, now employing between 101 and 250 people.
With its user-friendly and reliable software, DoorLoop aims to help property managers and owners simplify, automate, and grow their businesses.
How Much Funding Has DoorLoop Raised?
- Seed Round
- Amount Raised: $10M
- Date: September 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their property management software and establish a market presence.
- Series A
- Amount Raised: $20M
- Date: September 2022
- Lead Investors: Alpine Investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To reach more landlords and property managers while offering world-class support and a product that exceeds user needs.
- Series B
- Amount Raised: $100M
- Date: October 2024
- Lead Investors: JMI Equity
- Valuation at Round: $500M
- Motivation Behind the Round: To build upon DoorLoop's product offerings, expand its team, and deepen its leadership bench.
Total Amount Raised: $130M. Current Valuation: $500M.
Key Investors
- JMI Equity
- Details: JMI Equity is a growth equity firm that focuses on investing in leading software companies. They provide capital and strategic support to help companies grow and achieve their business objectives.
- Investment Focus Areas: Software, enterprise solutions, growth-stage companies.
- Notable Investments: Not publicly disclosed.
- Alpine Investors
- Details: Alpine Investors is a private equity firm specializing in investments in software and services companies. They are known for their people-driven approach and aim to build enduring businesses.
- Investment Focus Areas: Software, services, vertical SaaS.
- Notable Investments: PracticePanther, Ingenio, TEAM Services Group.
What's Next for DoorLoop?
With $100 million in Series B funding, DoorLoop is poised to capitalize on significant growth opportunities. The company plans to enhance its software features, expand its market reach, and potentially enter new markets. This funding provides the financial resources needed to solidify its position as a leading property management platform.
Future fundraising opportunities are likely, given the successful Series B round. DoorLoop may attract further investment to scale its operations and continue its growth trajectory. However, the company will face challenges such as competition from other property management software providers and the need to maintain data security and privacy as it scales.
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