Tuesday, February 27, 2024
HomeFunding Paris-based DoorFeed Secures €12 Million Extends in Seed Funding

[Funding alert] Paris-based DoorFeed Secures €12 Million Extends in Seed Funding

Paris-based DoorFeed secures €12 million extends in seed funding. backing from well-known investors like Seedcamp, Motive Ventures, and Stride.

Paris-based DoorFeed secures €12 million extends in seed funding. backing from well-known investors like Seedcamp, Motive Ventures, and Stride.

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With the support of this funding, DoorFeed hopes to establish itself as the go-to source for institutional investors wishing to make real estate investments in the residential sector. Concurrently, the organisation is getting prepared to increase its footprint throughout Europe, including in Germany, Spain, and the United Kingdom.

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.”

A favourable investment climate has been established for real estate investors by the recent shift in real estate values, the strong demand from renters, and the scarcity of available lodging in most cities.

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DoorFeed’s software utilises artificial intelligence, machine learning, and its network of local partners to analyse thousands of sources in real time in the European residential sector and finds 100,000 investment opportunities every day.

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.”

Following its assistance in the establishment of the first French private equity fund focused on single-family houses, DoorFeed is currently working to enhance its platform, expand its business in France, and be prepared to expand throughout Europe.

About DoorFeed

Established in 2021, DoorFeed employs proprietary data, cutting-edge technology, and regional operators to build and oversee customised portfolios of homes, apartments, and buildings. In order to offer a broad range of integrated software solutions for investment managers, developers, renters, attorneys, accountants, and auditors, the company has developed a comprehensive service platform.

Read also – London-based Generative Engineering Secures €4 Million Pre- Seed Funding

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