DoorLoop Secures $100M Series B
Miami-based property management software company DoorLoop announced it has raised $100 million in a Series B funding led by JMI Equity, a growth equity firm focused on software investments. The new funding brings DoorLoop's total capital raised to $130 million, positioning the company to further enhance its product offerings and accelerate its expansion in the property management tech space.
DoorLoop, which operates in the U.S. and Israel, plans to utilize the funding to expand its team and invest in product innovation aimed at improving the customer experience. "This successful Series B investment launches DoorLoop into its next phase of growth, accelerating our evolution from disruptive innovator to industry leader," said CEO and Co-Founder Ori Tamuz. He added that JMI’s support would help DoorLoop to “set the standard” in the property management software industry as it scales up its platform and capabilities.
JMI Equity’s Partner David Greenberg expressed enthusiasm for the investment, citing DoorLoop's “unique growth potential, intuitive software products, and above-and-beyond customer service” as key factors in their decision to back the company. DoorLoop’s platform, which has been recognized for its usability and reliability, was recently ranked #13 on Forbes' "America's Best Startup Employers" list for 2024. With this fresh capital, DoorLoop aims to broaden its features and expand its customer base while maintaining its focus on empowering property managers and owners to streamline operations and boost profitability.
