- Doorstead, a San Francisco, CA-based technology-operations company that specializes in full-service property management, raised $12.5m in Series A funding
- The round was led by Madrona Venture Group, with participation from operating executives from OpenDoor, Uber, and Docusign
- The company intends to use the funds to accelerate investments in its pricing and fulfillment technology platform, to build out its product, engineering
- Doorstead provides residential landlords with a property management platform that applies AI and technology operations
- The company analyzes millions of market-specific data points on a daily basis to calculate the optimal rental price to maximize rental income while minimizing vacancy
- Within 24 hours of request for a given property, Doorstead provides a guaranteed rental rate, occupancy date, and a year of cash flow for the owner
