Total amount raised
$92.5 Million
Latest funding date
08/01/2022
Location
Doorvest has successfully raised funding over six rounds, with the latest being a Series A round. The company is backed by 18 investors, including Unpopular Ventures and Pollen Street Capital.
Doorvest offers a modern, frictionless way to own income-generating homes entirely online. Keep reading to explore the intricacies of Doorvest's fundraising journey and the investors backing this innovative platform.
What Is Doorvest?
Doorvest is a private company based in San Francisco, California, specializing in real estate investment and management. The company operates in the asset management, financial services, and real estate industries.
Founded to provide a modern, frictionless way to own income-generating homes entirely online, Doorvest has grown to employ between 11-50 people. The platform allows users to buy, manage, and sell investment properties, offering comprehensive services that include professional property management and strategic reinvestment.
How Much Funding Has Doorvest Raised?
- Pre-Seed
- Amount Raised: USD 1,000,000
- Date: September 2020
- Lead Investors: Mucker Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and develop initial technology and operations.
- Seed
- Amount Raised: USD 2,500,000
- Date: January 2021
- Lead Investors: Mucker Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and scale the platform's capabilities.
- Series A
- Amount Raised: USD 14,000,000
- Date: November 2021
- Lead Investors: M13
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Debt Financing
- Amount Raised: USD 25,000,000
- Date: November 2021
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the acquisition of more properties and enhance service offerings.
- Debt Financing
- Amount Raised: USD 50,000,000
- Date: June 2022
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To reduce barriers for average Americans to generate passive income through rental property ownership.
- Series A
- Amount Raised: Not publicly disclosed
- Date: August 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance the platform's technology.
Total Amount Raised: USD 92,500,000
Current Valuation: Not publicly disclosed
Key Investors
- Unpopular Ventures
- Details: Unpopular Ventures is a venture capital firm that participated in Doorvest's Series A funding round. The firm is known for investing in early-stage startups with high growth potential.
- Investment Focus Areas: Technology, Consumer Products, Financial Services
- Notable Investments: Series A - Doorvest
- Pollen Street Capital
- Details: Pollen Street Capital is a private capital asset manager that provided a $50 million asset-backed credit facility to Doorvest. The firm focuses on funding innovative and impactful lending.
- Investment Focus Areas: Financial Services, Real Estate, Technology
- Notable Investments: Series A - Doorvest
- M13
- Details: M13 is a venture capital firm that led Doorvest's Series A funding round in November 2021. The firm is known for its investments in consumer technology and innovative startups.
- Investment Focus Areas: Consumer Technology, Health and Wellness, Financial Services
- Notable Investments: Ring, Lyft, Daily Harvest
- Mucker Capital
- Details: Mucker Capital is a venture capital firm that led Doorvest's Pre-Seed and Seed funding rounds. The firm focuses on early-stage investments in technology startups.
- Investment Focus Areas: Technology, Consumer Products, Financial Services
- Notable Investments: Honey, ServiceTitan, TaskUs
What's Next for Doorvest?
Doorvest stands at the cusp of significant growth opportunities, driven by its innovative model and recent $50 million debt financing. The company aims to expand its geographic footprint and increase the number of properties it manages, leveraging its platform to attract more average Americans to real estate investment. This financial backing from Pollen Street Capital positions Doorvest to scale operations and reach a broader customer base.
Future fundraising opportunities appear promising, with the potential for additional rounds of funding to support its growth trajectory. Strategic partnerships with other financial institutions and capital managers could further bolster its expansion plans. However, Doorvest may face challenges such as competition from other real estate investment platforms, market fluctuations, and regulatory changes. Ensuring the quality and maintenance of properties will be crucial to meet customer expectations and sustain growth.
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