Property management software company DoorLoop is taking its growth to the next level, announcing a $100 million Series B funding round led by JMI Equity. This investment is set to power the company’s ambitious plans to double its workforce, with 160 new hires across its Miami Beach and Tel-Aviv offices. With this funding, DoorLoop aims to strengthen its position in the proptech industry by expanding its platform’s capabilities and scaling up operations.
Hiring Surge: 160 New Roles to Fill
DoorLoop, currently at around 150 employees, plans to double its team to over 300 within the next 18 months. In a statement, CEO and co-founder Ori Tamuz expressed that this investment marks a pivotal moment for the company, enabling DoorLoop to transition from “disruptive innovator to industry leader.”
The hiring drive will cover a variety of roles, including executive leadership, customer service, account management, sales, marketing, and human resources. “We’re not only looking for executives but also expanding our customer-facing teams,” added David Britton, DoorLoop’s co-founder. “These roles will be crucial as we bring new services to market and continue scaling operations.”
Expanding Digital Capabilities and Market Reach
Founded in 2019, DoorLoop has rapidly gained traction in the property management software space by offering a comprehensive platform that automates key aspects of property management. The software enables landlords and property managers to streamline listings, rent collection, and maintenance requests, claiming a faster and more affordable alternative to traditional property management solutions. With the fresh infusion of capital, the company plans to introduce additional tools and capabilities to its platform, making it even more indispensable for property owners and managers.
The Miami Beach office, where DoorLoop occupies an 8,142-square-foot space on Washington Avenue, serves as the startup’s headquarters. Miami Beach’s emerging tech ecosystem has become increasingly attractive to startups, especially with its proximity to financial services and a lifestyle appeal that resonates with professionals looking to avoid long commutes.
JMI Equity: Supporting High-Growth Software Ventures
The Series B funding round is spearheaded by JMI Equity, a growth equity firm known for supporting high-growth software companies. JMI’s involvement signals strong investor confidence in DoorLoop’s potential to lead in the property technology space. In addition to this recent round, DoorLoop previously secured $20 million in Series A funding in 2022, bringing its total funding to at least $130 million to date.
Looking Ahead: Scaling for a Leadership Position
This latest funding round and hiring expansion come at a time when the proptech industry is seeing a surge in demand for digital tools that enhance efficiency in property management. As DoorLoop continues to grow its team and platform, it is positioning itself to become a prominent player not just in Miami Beach but globally.
With a clear vision and strong financial backing, DoorLoop is well on its way to redefining the future of property management.
