<div>
  <ul>
    <li>
      <p>
        Doorstead, a rental management platform, raised USD 21.5 million in Series B funding led by Avanta Ventures (the venture arm of CSAA Insurance Group), with participation from MetaProp, M13, Madrona, and others. Doorstead&rsquo;s total funding currently stands at USD 37 million.&nbsp;
      </p>
    </li>
    <li>
      <p>
        The company intends to use the funds to support its geographic expansion plans and improve operational efficiency to drive profitability.
      </p>
    </li>
    <li>
      <p>
        Doorstead also announced the acquisition of 
        <a href="https://sp-edge.com/companies/733591">
          Knox Financial
        </a>
        , a property management platform, for an undisclosed sum.
      </p>
    </li>
    <li>
      <p>
        Founded in 2018, Knox Financial offers a platform that handles tasks related to rental properties, such as leasing and tenant management, property care, finances, and taxes. Through this acquisition, Doorstead plans to expand its operation on the East Coast and grow its customer base with Knox Financial&rsquo;s clientele in Massachusetts. Knox Financial ceased operations at the end of 2022.
      </p>
    </li>
    <li>
      <p>
        Currently, Doorstead has over USD 1 billion worth of properties under management and has over 150 employees (nearly 80 employees based within the US). It currently operates in seven markets in the US, including California, Washington, and Massachusetts, and plans to double or triple its operations by the end of 2023.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.doorstead.com/blog/were-excited-to-announce-doorsteads-21m-series-b-funding-and-acquisition-of-knox-financials-massachusetts-portfolio">
      Company blog
    </a>
  </p>
  <p>
    <a href="https://techcrunch.com/2023/01/06/proptech-doorstead-closes-on-21-5m-to/?guccounter=1">
      TechCrunch
    </a>
  </p>
</div>


All Updates

Doorstead raises USD 21.5 million in Series B funding; acquires rental management firm for an undisclosed sum

Doorstead embarks on national expansion strategy by launching in Seattle