DoorLoop Raises $100M in Series A

DoorLoop has successfully raised $100M in a Series A at a $500M valuation led by JMI Equity.

Company Overview

DoorLoop is a PropTech company headquartered in Miami, FL, founded in 2019 with 150+ employees.

Property management software

Fundraising Details

Amount Raised: $100M
Round Type: Series A
Valuation: $500M
Date: 2024-09-01
Investors: JMI Equity

About DoorLoop

Property management software The company is positioned in the PropTech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Miami, FL
Founded: 2019
Team Size: 150+
Industry: PropTech

What This Means

This funding round demonstrates strong investor confidence in DoorLoop's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The PropTech sector continues to attract significant investment as companies innovate to meet evolving market demands. DoorLoop's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $500M valuation marks an important milestone for DoorLoop, positioning the company among notable players in the PropTech industry.

Looking Ahead

With this new capital, DoorLoop is well-positioned to execute on its growth strategy and continue building innovative solutions in the PropTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-09-01. For more information about DoorLoop, visit their headquarters at Miami, FL.