View details of this raise on Seedstage

San Francisco, CA

Advancing financial security through investment homeownership.

• VC-Backed: Raised $250K or more from a venture firm.
• Property Management Strategy: New acquisition strategy to enhance portfolio scale.
• Assets Under Management: Over $100 million in assets under management.
• Customer Base: 50% of customers are first-time homeowners, with repeat sales growing to nearly 30%.
• Operational Excellence: Achieved best-in-class performance metrics with a centralized team.

Doorvest is expanding its operations by acquiring and integrating 2-3 property management businesses to enhance its portfolio and customer base. The company aims to drive EBITDA growth and increase its audience by leveraging its centralized management system and AI-enabled backend operations. This strategic move is expected to provide immediate, medium-term, and long-term value through EBITDA accretion, expansion, and increased lifetime value of customers. Doorvest’s platform offers seamless sourcing, financing, operations, and resale of investment properties, catering to the growing demand for professional property management services.

Since its inception, Doorvest has helped customers purchase and manage over 500 properties, achieving best-in-class performance metrics. The company is backed by top-tier venture capitalists and has raised significant equity and debt to support its growth. Doorvest’s rollup strategy targets businesses with proven EBITDA and cash flows, aiming to reduce complexity and overhead through centralized systems. The company also focuses on expanding its transactional business of home sales and mortgage brokerage, acquiring new homeowners who are prime candidates for purchasing investment properties and obtaining financing. This approach aligns with the demographic shift towards tech-powered property management solutions among millennials and first-time investors.

Company Info

Doorvest provides an online platform for buying, managing, and selling investment homes, focusing on simplifying real estate investment.

Doorvest is a technology-driven platform that facilitates the buying, managing, and selling of investment homes online. The company aims to simplify real estate investment by providing a seamless experience for users, from sourcing properties to financing and operations. Doorvest leverages a centralized team and advanced technology to deliver efficient property management services, achieving high customer satisfaction and low delinquency rates.

The platform targets both new and experienced real estate investors, offering a comprehensive solution that includes property management acquisitions to enhance growth and customer reach. By integrating AI and engineering, Doorvest aims to streamline operations and reduce costs, making real estate investment more accessible and manageable for its users.