Doorloop, an Israeli startup that develops rental property management software, announced that it has completed a $100 million funding round led by US investment firm JMI Equity. The company says the funding will allow it to expand its product offerings while hiring leading industry experts and position DoorLoop as the leading platform for property management across the U.S. and Canadian markets.
As part of its next phase of growth, DoorLoop plans to expand its development team in Tel Aviv from 50 to 200 employees over the next 18 months. There will be a focus on hiring developers, product managers, and QA engineers, along with analysts, marketing, finance, and other key roles.
This latest funding comes amid impressive growth of over 100% year over year. Today, DoorLoop serves property managers and asset owners across North America and is rapidly establishing itself in a vast market with great potential.
“The success of this funding round opens the next chapter of our company’s growth,” said Ori Tamuz, CEO and co-founder of DoorLoop. “This capital will enable us to accelerate rapid growth, expand our human and technological capital, and continue to deliver the best property management software on the market. “I am confident that we will continue to set new standards for technology and customer experience in the industry, never losing sight of our primary goal of helping our clients grow and succeed.” Ori Tamuz (Credit: DoorLoop, official website)
“Our team quickly recognized Doorloop’s outstanding growth potential, product quality and innovation, and skilled workforce,” said David Greenberg, partner at JMI Equity. Masu. “DoorLoop is a clear industry leader and we are excited to work with their talented team as demand for cutting-edge technology continues to grow.”
DoorLoop provides property managers and owners with comprehensive solutions to streamline portfolio management, improve efficiency, and maximize profits. The software facilitates complete rental property management and automates processes such as tenant acquisition, lease management, rent collection, financial reporting, maintenance requests, and tenant communication. DoorLoop provides cutting-edge technology, world-class technical support, and free educational resources to help our clients grow personally, professionally, and financially.
