Doorvest

Growth Stage

Democratizing financial security through rental homeownership

Analytics

Raised to Date: Raised: $212,926

Aggregate Commitments $

Platform

Wefunder

Start Date

11/18/2021

Close Date

03/25/2022

Min. Goal

$50,000

Max. Goal

$200,000

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Pre-Money Valuation

$59,750,615

Rolling Commitments $

Status

Active

Reporting Date

11/28/2021

Days Remaining

117

% of Min. Goal

426%

% of Max. Goal

106%

Likelihood of Max
exceeded
Avg. Daily Raise

$21,293

Momentum
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Location

San Francisco, California

Industry

Real Estate & Construction

Tech Sector

Proptech

Doorvest, with a valuation of $59.8 million, is raising funds on Wefunder. The company is changing the real estate game by democratizing financial security through rental ownership. The real estate investing platform of Doorvest allows first-time investors to enter the real estate market and provides long-term investment properties. Doorvest helps investors identify and purchase investment properties in half the time and has experienced a 14 times growth in 2021 year-over-year. Andrew Luong and Justin Kasad founded Doorvest in July 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $200,000. The campaign proceeds will be used for marketing, product development, and supply.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,841,647

$972

COGS

$1,804,909

$0

Tax

$659

$0

 

 

Net Income

$-498,992

$-4,804

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$3,619,914

$0

Accounts Receivable

$0

$0

Total Assets

$4,207,721

$134,052

Short-Term Debt

$27,237

$0

Long-Term Debt

$1,086,942

$111,350

Total Liabilities

$1,114,179

$111,350

Financials as of: 11/18/2021
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Doorvest on Wefunder 2021
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Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $59,750,615

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