DoorLoop Raised $100M in Series B Funding. What Does That Mean For You?

In 2019, I was managing my investment properties manually. Between screening prospective tenants, chasing down rent payments, and dealing with unexpected maintenance issues, I was struggling to keep up.

My search for a property management software that would simplify and automate my portfolio was discouraging, because I could not find software that was compatible with all of my portfolio’s needs while still being easy-to-use, simple, and powerful.

I shared my grievances about this frustrating search with numerous people, including five talented colleagues with whom I’d had the pleasure of working throughout my career. All of them, like me, were bootstrappers at heart – experienced entrepreneurs who had grown successful companies organically.

We identified a gap in the property management market. It was missing an easy-to-use, secure, and reliable all-in-one property management software that could truly simplify and automate any portfolio. 

So we decided to build it ourselves.

Five years ago, DoorLoop was an idea to bring cutting-edge technology and industry-leading innovation to the PropTech space. Since then, we have built the highest-rated, all-in-one property management software and hired a world-class team of Loopers.

Today, I am proud to announce that DoorLoop has raised $100M USD in Series B funding.

This milestone, made possible by our amazing new team of partners at JMI Equity, brings DoorLoop to a total of $130M in funding. It also represents a new stage of innovation and development for DoorLoop’s product and team.

What Does This Mean For Property Managers and Owners?

Why a Series B raise, and why now? Simply put, we know where, and how, we want to grow; this funding accelerates our journey to be the central platform for property management.  

We will develop more features at an unprecedented velocity while maintaining industry-leading standards of quality. Our customers are our top priority, and we are so excited to support their goals and set their businesses up for success.

Our customers’ portfolios are growing, and so is our customer base itself. We will support our customers’ growing portfolios by expanding our product to offer them more features, more quickly than ever. We will also expand to support an upmarket customer base with larger and more complex portfolios. 

Of course, the realization of these plans is made possible by the exceptional DoorLoop team. In January of 2021, the only Loopers on the team were the five founders. Today, our team consists of more than 150 Loopers who give DoorLoop a 4.9 Glassdoor rating.

As a Certified Best Place to Work, DoorLoop prioritizes the happiness and well-being of our team – and has done so since our very first hire. We will continue expanding our world-class team, tripling the size of our technology team and doubling our overall headcount.

As we look forward to welcoming new members to our team, I want to thank every single Looper for their relentlessness, positivity, and collaboration. You are the best colleagues in the world, and it’s a privilege to share this milestone with you. 

Finally, to our customers, thank you for trusting DoorLoop to simplify and automate your portfolios. Your business, feedback, and trust drive our commitment to excellence and make what we do possible. We look forward to the exceptional growth in store, and we greatly appreciate your partnership. 

To say that we’ve come incredibly far is to put it lightly, but our vision is the same today as it was when DoorLoop was only a concept—to become the central platform for property management.

To learn more about DoorLoop, schedule a demo. To apply for a role, visit our Careers page. If you’re interested in learning more about DoorLoop’s mission, vision, and values, click here—and keep an eye out for the many exciting updates to come.

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Ori Tamuz
Co-Founder & CEO, DoorLoop