DoorFeed, a proptech company founded by veteran entrepreneur and former Uber employee James Kirimy, has extended its seed funding to €12 million with support from renowned investors including Motive Ventures, Stride and Seedcamp.
With this financing, DoorFeed plans to become the leading partner for institutional investors looking to invest in the residential real estate market. At the same time, the company is preparing to expand its presence across Europe, particularly in Spain, Germany and the UK.
James Kirimy, Founder and CEO of DoorFeed, said: “Our mission is to institutionalize the residential real estate market across Europe by enabling investment managers to acquire real estate as effortlessly as stocks. We lay The focus is on developing groundbreaking strategies together with our customers and taking a pioneering role in overcoming the housing crisis. While the US market is already playing a pioneering role, investors are now increasingly looking to enter the European market. We are very pleased to welcome the Motive Ventures team to our family of companies and to further accelerate our development.”
The recent adjustment in real estate prices, high demand from tenants and the lack of rental supply in most cities create an attractive investment environment for real estate investors. Many institutional players are currently looking for solutions to shift capital from the commercial to the residential real estate market. DoorFeed is ideally positioned to support the industry during this transition period.
Founded in 2021, DoorFeed creates and manages tailored portfolios of apartments, houses and buildings using its unique data, innovative technology and local operators. The company has created a comprehensive service platform that offers a wide range of integrated software solutions for investment managers, developers, tenants, lawyers, accountants and auditors. Additionally, the team works with a network of hundreds of local operators who, upon request, cover the entire investment lifecycle, from due diligence to renovation and day-to-day management of tenants and properties.
DoorFeed’s software analyzes thousands of sources in the European residential sector in real time and identifies 100,000 investment opportunities daily through the use of artificial intelligence, machine learning and its network of local partners. The team then creates tailored portfolios of properties for institutional investors, taking care of everything from acquisition and renovation to managing their assets.
Ramin Niroumand, Partner & Head of Motive Ventures, commented: “We are very pleased to support the DoorFeed team in their mission. DoorFeed uses innovation to address challenges in the real estate market and thereby solve tangible social problems. This alignment corresponds exactly to our definition of value-adding innovation. I have full confidence in James’ experience and expertise and I look forward to the journey ahead.”
After supporting the launch of the first French private equity fund specializing in single-family homes, DoorFeed now aims to improve its platform, expand its operations in France and prepare for expansion across Europe.
