Doorstead is a technology company.
Doorstead has raised $38.0M across 3 funding rounds.
Doorstead has raised $38.0M in total across 3 funding rounds.
Doorstead has raised $38.0M in total across 3 funding rounds.
Doorstead's investors include 14Peaks Capital, 2150, Avanta Ventures, Bling Capital, byFounders, Casa Verde Capital, Expa, Iterative, Lakestar, Locus Ventures, Madrona Ventures, MetaProp Ventures.
Doorstead is a San Francisco-based PropTech company founded in 2019 that provides full-service property management for single-family rental homes, using AI, data science, and automation to guarantee rental income for homeowners.[1][2][3] It serves small real estate investors and landlords by handling tenant selection, rent collection, maintenance, and vendor coordination, solving pain points like vacancies, inconsistent cash flow, and operational inefficiencies through market-efficient pricing and rapid response systems.[1][2][3] The platform has achieved rapid growth, with 3x year-on-year expansion in 2022 across eight markets (primarily California and Seattle), nearly $1 billion in assets under management, $153.7 million in revenue, and $37.5 million in total funding, including a $21.5 million Series B round.[1][3]
Doorstead was co-founded in 2019 by CEO Ryan Waliany and COO Jennifer Bronzo, both drawing from experiences at Uber, Opendoor, and Unison, with Waliany applying Uber's scaling lessons to disrupt property management.[1][2][4] The idea emerged from a serendipitous conversation where Bronzo highlighted technological gaps in part-time family property management, prompting Waliany to envision data-driven solutions for industry shortcomings like vacancies and slow maintenance.[1] Early traction came from pilot data showing a 53% vacancy reduction via AI-powered pricing, leading to quick market expansion from Craigslist testing to serving thousands of landlords with guaranteed rent in multiple metro areas.[1][3]
Doorstead rides the PropTech wave merging physical real estate with digital operations, leveraging AI and distributed workforces to bridge gaps in a fragmented $100+ billion U.S. property management industry plagued by high vacancies and manual processes.[1][2] Timing aligns with post-pandemic remote work boosting single-family rentals and investor demand for hands-off income amid housing shortages, amplified by market forces like rising interest rates pushing owners toward reliable yields.[3] By pioneering guarantees and tech ops, Doorstead influences the ecosystem, setting standards for automation that reduce economic waste and enable faster, cheaper services, much like Uber transformed ride-hailing.[1][2]
Doorstead is poised for further national expansion beyond its eight markets, potentially hitting multi-billion AUM through AI refinements and vendor networks, fueled by trends like AI pricing ubiquity and proptech consolidation.[1][3][5] Evolving regulations on rentals and climate-driven maintenance needs could shape its path, amplifying its influence as a category leader in guaranteed, tech-first management. This positions Doorstead to redefine property ownership, turning complex headaches into effortless income for a growing landlord base.
Doorstead has raised $38.0M across 3 funding rounds. Most recently, it raised $22.0M Series B in January 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2023 | $22.0M Series B | 14Peaks Capital, 2150, Avanta Ventures, Bling Capital, byFounders, Casa Verde Capital, Expa, Iterative, Lakestar, Locus Ventures, Madrona Ventures, MetaProp Ventures, QED Investors, Silicon Valley Data Capital, Ameet Ranadive, Balaji Srinivasan, Bobby Goodlatte, Chris Larsen, Dylan Field, Gautam Gupta, Yishan Wong | |
| Apr 1, 2021 | $13.0M Series A | Avanta Ventures, Flare Capital Partners, Lakestar, Madrona Ventures, MetaProp Ventures, Mohamad Makhzoumi, Silicon Valley Data Capital, Gautam Gupta | |
| Jul 1, 2019 | $3.0M Seed | Avanta Ventures, Lakestar, Madrona Ventures, MetaProp Ventures, Silicon Valley Data Capital, Gautam Gupta, 040 Capital, LOI Venture, TSVC Capital |