Doorvest

Doorvest

Growth Stage

Democratizing financial security through rental homeownership

Democratizing financial security through rental homeownership

Overview

Raised to Date: Raised: $205,308

Total Commitments ($USD)

Platform

Wefunder

Start Date

11/17/2021

Close Date

12/09/2021

Min. Goal
$50,000
Max. Goal
$200,000
Min. Investment

$100

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.11

Pre-Money Valuation

$59,750,615

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/30/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$9,777

# of Investors

303

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2019

Industry

Real Estate & Construction

Tech Sector

Proptech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

San Francisco, California

Business Type

Growth

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: 11/17/2021
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Doorvest 04/06/2023 Wefunder $60,000,000 $383,219 SAFE Funded RegCF
Doorvest 12/08/2021 Wefunder $59,750,615 $205,308 Equity - Preferred Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Doorvest on Wefunder 2021
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $59,750,615
Price per Share: $2.11

Follow company

Follow Doorvest on Wefunder 2021

Buy Doorvest's Deal Report

Warning: according to the close date for this deal, Doorvest may no longer be accepting investments.

Doorvest Deal Report

Get KingsCrowd’s comprehensive report on Doorvest including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Doorvest is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Doorvest deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge