Fresh Off Our Series A, Here Is Doorvest’s Plan On Advancing Financial Security For All
Today, Doorvest is proud to announce we’ve crossed a major milestone.
Since launching last year, we've been fortunate to have seen incredible growth:
We went from a team of Justin and I in my San Francisco garage to assembling an amazing team of 30+ spread across multiple states (P.S., we're a majority women-led company!).
We've grown 14x in the first 6 months of 2021 alone. I believe this is testament to our dedication to serving customers.
We've partnered with hundreds of customers to get them started on their journey to financial security.
We're proud to announce we’ve raised $39M in equity and debt funding led by M13 and also received strong participation from long term partner Mucker Capital, Gaingels, Socially Financed and participation from experienced executives and founders from Opendoor, Wealthfront, BiggerPockets, and Invitation Homes. We’re excited for the continued support from our partners, customers, and employees as we navigate through the next stage of Doorvest.
Doorvest was founded organically - we weren’t looking for a business just to start a business, but instead, for years, we listened to the pains of family, friends and those within our extended network who were hoping to participate in America’s top source of wealth, real estate, and weren’t able to due to the friction, perceived risks and capital barrier. These early individuals became the foundation of the Doorvest community.
Today, we’re also welcoming our community to become owners of Doorvest and embark on this journey together. These individuals have guided the direction of the company, and we aim to expand on this value as we open the chapters ahead.
We’ve reserved allocation for our community to become owners of Doorvest. These individuals are the ones who define the offerings we build and have trusted us since the earliest days. With this allocation, we wanted to offer our community a chance to participate in the upside they've helped create.
We've built a solution that helps everyday individuals invest in real estate in less time, at a fraction of the cost— no prior experience required. And we’re only just getting started.
We believe the problem is much more than real estate — it's financial services. Doorvest is an all-in-one solution to enhance the best parts of investing through technology while reducing the most painful points for the customer.
Today marks the next phase of Doorvest, a step closer to advancing financial security for all. I’m beyond grateful for the belief and support from M13 and the countless others that have supported us along the way. You know who you are.
With many thanks,
Andrew Luong
Co-Founder & CEO