What is Doorstead?
Established in 2019 and headquartered in San Francisco, CA, Doorstead operates as a property management brokerage. The company's core offering is to provide cash-flow certainty to owners of rental properties. By leveraging technology and a comprehensive service model, Doorstead aims to streamline property management, reduce vacancies, and ensure consistent returns for property investors, positioning itself as a key player in the proptech industry.
How much funding has Doorstead raised?
Doorstead has raised a total of $37.5M across 4 funding rounds:
Angel/Seed
$3.3M
Debt
$150K
Series A
$12.5M
Series B
$21.5M
Angel/Seed (2019): $3.3M with participation from Silicon Valley Data Capital, SOMA Capital, M13, and Venture Reality Fund
Debt (2020): $150K led by PPP
Series A (2021): $12.5M supported by Madrona Venture Group
Series B (2023): $21.5M featuring Madrona Venture Group, MetaProp, Avanta Ventures, and M13
Key Investors in Doorstead
Madrona Venture Group
Founded in 1995, Madrona Venture Group is a venture capitalist investment company including consumer internet, commercial software, and services. They participated in Doorstead's Series B and Series A funding rounds.
MetaProp
MetaProp is a venture capital firm focused on real estate technology. They were an investor in Doorstead's recent Series B financing.
Avanta Ventures
Avanta Ventures is the venture capital arm of CSAA Insurance Group, focused on investing in innovative ideas to transform the insurance industry and related sectors. They were part of Doorstead's Series B funding.
What's next for Doorstead?
The recent major strategic investment in Doorstead signals a pivotal phase for the company, likely focused on scaling its operations, expanding its market reach, and further developing its technology platform. This capital infusion is expected to bolster its competitive advantage in providing reliable property management solutions and enhancing financial predictability for rental property owners. Future growth may involve strategic partnerships and technological innovations to solidify its market position.
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