DoorLoop Raises $100 Million Series B Funding Round Led by JMI Equity
The Award-Winning All-in-one Property Management Software Company Partners with JMI Equity to Accelerate Product Innovation and Team Expansion
Miami, FL – [October 29, 2024] – DoorLoop (the “Company”), the market leading all-in-one property management software company, today announced a $100 million Series B funding round led by JMI Equity, a growth equity firm focused on investing in leading software companies. The investment will empower the Company to build upon its product offerings and deepen its leadership bench as it continues to stand out as an industry-leading centralized platform for property management.
DoorLoop will continue to focus on delivering best-in-class products and value to customers. In the near-term, DoorLoop plans to accelerate hiring and investment across its US and Israel offices to drive customer centric product innovation.
“This successful Series B investment launches DoorLoop into its next phase of growth, accelerating our evolution from disruptive innovator to industry leader,” said Ori Tamuz, CEO and Co-Founder of DoorLoop. “This funding will enable us to invest in expanding our team and technology even further, ensuring that we continue to provide the best property management software on the market. We are confident that, with JMI’s resources, DoorLoop will continue to set the standard within the industry and achieve remarkable growth while staying true to what matters most: setting our customers up for success.”
“Our team immediately recognized DoorLoop’s unique growth potential, intuitive software products and above and beyond customer service,” said David Greenberg, Partner at JMI Equity. “DoorLoop is a clear leader in the industry, and we are excited to partner with their talented team as they pioneer new property management technology that supports their growing customer base.”
DoorLoop recently earned industry awards for its easy-to-use, secure, and reliable all-in-one property management software. In 2024, DoorLoop was ranked #13 of 500 on the Forbes “America’s Best Startup Employers” list. With strong financial and operational resources, DoorLoop has set its sights on expanding its features and customer base exponentially, while its central goal remains the same as ever: to help property managers and owners make more money, get organized, and grow.
For more information about DoorLoop’s all-in-one property management software, please visit www.doorloop.com.
About DoorLoop
DoorLoop is an all-in-one property management software that helps property managers and owners manage any portfolio effectively to make more money, get organized, and grow.
DoorLoop helps simplify property management by automating tenant and lease tracking, rent and fee collection, accounting and reporting, maintenance requests, and more, through easy-to-use, secure, and reliable software.
With cutting-edge technology, world-class support, and free educational resources, we empower our customers to grow personally, professionally, and financially.
About JMI
JMI Equity is a growth equity firm focused on investing in leading software companies. For over three decades, JMI has partnered with exceptional founders, entrepreneurs, and management teams at high-growth software companies to provide flexible capital, industry expertise, and operational support to build businesses of enduring value. To date, JMI has invested in over 185 software businesses in North America and Europe and completed over 120 exits. Today, the Firm’s portfolio of industry-leading cloud software companies represents $9 billion in combined revenue, $75 billion in aggregate enterprise value, and over 37,000 jobs. For more information, visit www.jmi.com.
Press & Media Inquiries
For DoorLoop:
Name: Jennifer Mirabile
Email: jennifer.mirabile@gmail.com
For JMI Equity:
Name: Abigail Ruck
H/Advisors Abernathy
Email: abigail.ruck@h-advisors.global
Phone: +1-212-371-5999
This press release includes views and opinions of external contributors. JMI believes this information to be accurate and current as of the date of publication but cannot guarantee its accuracy. JMI disclaims any duty to update this press release, or any content contained therein based on future developments. The JMI portfolio company(ies) identified above are not necessarily representative of all JMI investments, and no assumption should be made that the investments identified were or will be profitable. For a complete list of JM investments, please visit https://www.jmi.com/companies/.
