FinTechFunding

Doorstead: Raises $12.5M in Series A Funding

  • 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
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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