Proptech Company to Enhance Marketing, Product Development and Grow Employee Base
MIAMI, Sept. 20, 2022 /PRNewswire-PRWeb/ -- DoorLoop, an award-winning rental property management software company, announced today that it has raised $20 million in Series A funding from Alpine Software Group (ASG), a portfolio company of Alpine Investors that buys and builds vertical SaaS companies. This funding, combined with DoorLoop's $10 million in seed-stage funding, will be invested into development, marketing, and recruiting efforts in order to take the company to the next stage of growth.
DoorLoop's co-founders, CEO Ori Tamuz and CMO David Bitton, are no strangers to ASG. They co-founded PracticePanther, a law practice management software, that was acquired by ASG in 2018.
"We are excited to work with ASG again. This funding will enable us to develop an even stronger and more expansive technology platform, broaden our marketing initiatives, and bring more members into our amazing team," says Tamuz. "We look forward to not only escalating our growth, but adding innovative features for landlords and property managers."
One of the fastest-growing proptech companies worldwide, DoorLoop has expanded to more than 50 employees in the past year, with 400% growth in revenue.
This growth, while notable, is only the beginning. ASG and DoorLoop are setting their sights on the future, and they're confident about what it holds. ASG CEO Steve Reardon says, "DoorLoop has a proven team and playbook. We've worked with David and Ori for years and are thrilled to continue to be a part of their story, and we see a great future in the PropTech SaaS industry."
With several big goals and the funding to achieve them, DoorLoop's team intends to continue delivering an exceptional product to users. With a total of $30 million raised, one of the company's biggest priorities is to expedite its product roadmap with numerous new and exciting features.
At the same time, sights are set on expanding the portfolio types that DoorLoop supports, including HOAs, affordable housing, self-storage, and more, in addition to going upmarket and supporting larger portfolios.
"Backed by a world-class team, DoorLoop is running full speed ahead to accomplish its primary goal: to reach more landlords and property managers while still offering world-class support with a product that exceeds all of its users' needs and more," says Bitton.
To learn more about how DoorLoop can automatically collect rent, grow your business, and minimize wasted time, be sure to schedule a demo.
DoorLoop is the highest-rated property management software online. Landlords, property managers, and management companies in over 100 countries use DoorLoop to manage tens of thousands of units. The software automates everything from listing units, screening, rent collection, maintenance requests, moving out tenants, and everything in between. DoorLoop is fully customizable for any mixed-use portfolio, including residential, commercial, associations, and many more.
ASG is a unique and fast-growing software business that buys and builds market-leading vertical SaaS companies. ASG believes deeply in the power of people and data to grow great organizations, and that sharing knowledge, expertise, and resources across its community of businesses drives exponential growth. Founders of leading SaaS companies continue to trust ASG to grow their businesses and build even stronger legacies for the future.
About Alpine Investors
Alpine Investors is a people-driven private equity firm that is committed to building enduring companies by working with, learning from, and developing exceptional people. Alpine specializes in investments in middle-market companies in the software and services industries. Its PeopleFirst strategy includes a talent program which allows Alpine to bring proven leadership to situations where additional or new management is needed post-transaction. Alpine is currently investing out of its $2.25 billion eighth fund. For more information, visit http://www.alpineinvestors.com.
Jennifer Mirabile, DoorLoop, 1 7244933027, [email protected]