By making investment in real estate more accessible, Doorvest has raised over $5 million in its Wefunder crowdfunding campaign from over 570 individual investors. This campaign signals a growing interest in digital real estate investment platforms, especially among people looking for ways to generate passive income without the management headaches.
Founded in 2019, Doorvest grants the ability to invest in single-family rentals with limited effort. The company manages everything in the life cycle of a property for buyers, from acquisition through renovation and ongoing management, giving access to real estate investment with low experience and capital. The business model of Doorvest taps into the rising demand for alternative investment strategies, especially among young investors who eye diversified portfolios.
In campaign metrics, Doorvest oversubscribed its initial funding target of $5 million, reaping more than $5 million from investors who liked the growth trajectory and value proposition of the company. This crowdfunding round complemented an earlier $14 million Series A funding round of Doorvest led by M13 and underlined strong confidence in the company from institutional and retail investors alike. That put Doorvest, by the end of 2023, among the leading players in the digital real estate sector, having grown both users and AUM significantly.
In that regard, the success of Doorvest is proof that crowdfunding can pay in both FinTech and real estate, especially as more investors embrace digital means that break down some of those traditional barriers to entry. It projects ambitious growth, like doubling its property portfolio and scaling operations in more U.S. markets, over the next two years.
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Helping businesses raise funds, is my job, it’s what I excel at.
I’ve successfully assisted over 300 clients in securing more than $20 million in funding.
Photo: Drazen Zigic
