DoorLoop, a Miami, FL-based rental property management software company, announced that it raised $20 million in Series A funding.
The round was led by Alpine Software Group (ASG), a portfolio company of Alpine Investors that buy and builds vertical SaaS companies.
This funding, combined with DoorLoop's $10 million seed-stage financing for a total of $30 million in funding, will be invested in development, marketing, and recruiting efforts to take the company to the next growth stage.
"We are excited to work with ASG again. This funding will enable us to develop an even stronger and more expansive technology platform, broaden our marketing initiatives, and bring more members into our amazing team," says Ori Tamuz, Co-Founder & CEO at DoorLoop. "We look forward to not only escalating our growth, but adding innovative features for landlords and property managers."
DoorLoop's team plans to continue delivering a great product with funding and big goals to users. One of the company's biggest priorities is accelerating its product roadmap with new features.
DoorLoop also plans to support HOAs, affordable housing, self-storage, and other portfolio types, as well as larger portfolios.
Company: DoorLoop, Inc.
Raised: $20.0M
Round: Series A
Funding Month: September 2022
Lead Investors: Alpine Software Group (ASG)
Additional Investors:
Company Website: https://www.doorloop.com/
Software Category: Rental Property Management Software
About the Company: Founded in 2019 with a simple goal: to make property management easier for anyone that manages any unit. DoorLoop is the highest-rated property management software online. Landlords, property managers, and management companies in over 100 countries use DoorLoop to manage tens of thousands of units. The software automates everything from listing units, screening, rent collection, maintenance requests, moving out tenants, and everything in between. DoorLoop is fully customizable for any mixed-use portfolio, including residential, commercial, and associations.
Source: https://www.doorloop.com/blog/20-million-series-a