Total amount raised
$130 Million
Latest funding date
10/1/2024
Location
DoorLoop has successfully raised funding over three rounds, with the latest being a Series B round led by JMI Equity. 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?
DoorLoop is a software company specializing in property management solutions. Based in Miami, Florida, the company offers a comprehensive suite of tools for landlords, property managers, and real estate investors, including tenant screening, rent collection, and accounting management.
Operating in the property management, real estate, and software industries, DoorLoop has a workforce of 101-250 employees. The platform is designed to streamline property management tasks, making it easier for users to manage their rental portfolios efficiently.
How Much Funding Has DoorLoop Raised?
- Seed Round
- Amount Raised: USD 10,000,000
- 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: USD 20,000,000
- Date: September 2022
- Lead Investors: Alpine Investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand product offerings to meet growing market demand.
- Series B
- Amount Raised: USD 100,000,000
- Date: October 2024
- Lead Investors: JMI Equity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings, expand the team, and drive customer-centric product innovation.
Total Amount Raised: USD 130,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- JMI Equity
- Details: JMI Equity is a growth equity firm that focuses on investing in leading software companies. They led DoorLoop's $100 million Series B funding round.
- Investment Focus Areas: Software, technology, growth-stage companies.
- Notable Investments: Not publicly disclosed.
- Alpine Investors
- Details: Alpine Investors is a private equity firm that invests in software and services companies. They led DoorLoop's $20 million Series A funding round.
- Investment Focus Areas: Software, services, technology.
- Notable Investments: Not publicly disclosed.
What's Next for DoorLoop?
With a fresh $100 million in Series B funding, DoorLoop is poised to capitalize on the growing demand for digital property management solutions. The company plans to enhance its product offerings and expand its workforce, particularly in Tel Aviv and the US, to meet the increasing needs of landlords and property managers.
Future fundraising opportunities seem promising, given the successful involvement of JMI Equity. This could attract further investments, enabling DoorLoop to scale its operations and explore new markets. However, the company will need to navigate challenges such as intense competition and the complexities of rapid expansion while maintaining high service quality.
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