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Doorstead: Raises $12.5M in Series A Funding

April 17, 2021

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