A proptech startup, Dottid, has raised $3.85 million to transform the commercial real estate industry.
FREMONT, CA: A new addition on the block aiming to shake up the commercial real estate space, Dottid, has secured $3.85 million in the seed-funding round. This round of funding was led by David Ridley, Founder and former CEO of Invesco Real Estate, David Farmer, former COO of Invesco Real Estate, and Laurie Dotter, a current investment board member for two public Texas pension funds. This is the first time that several leading local real estate industry insiders are making an investment of this kind in a Proptech firm.
The commercial real estate software-as-a-service technology platform is the first-of-its-kind to offer efficiencies and savings in both time and costs to all parties. With the funding secured, Dottid aims to revolutionize the CRE industry by streamlining the leasing transaction process, allowing owners, brokers, and tenants to close more deals faster at lower costs. This, in turn, will save millions in lost revenue and valuable time, ultimately creating a better customer experience for the tenant. The company has built an experienced team of real estate and technology experts to revolutionize the $2.1 trillion commercial real estate industry.
Dottid is a commercial real estate software-as-a-service technology company, providing a single location for owners, brokers, and tenants to transact throughout the leasing process seamlessly. The company is a new workflow solution that drives commercial real estate leasing transactions. Dottid is a digital workroom designed by and for CRE professionals. Dottid brings everyone together to get ventures done quicker with increased transparency, improved organization, and enhanced workflow management.