Dottid, a Dallas-based commercial real estate software-as-a-service technology platform, announced it has raised $3.85 million in seed funding.
The proptech startup says it’s the first-of-its-kind to provide a singular location for owners, brokers, and tenants to seamlessly transact throughout the leasing process. Dottid said the funding will be used for product development and expansion, with a focus on gathering as much feedback as possible to further improve its platform.
Dottid’s investors include David Ridley, the founder and former CEO of Invesco Real Estate; Laurie Dotter, a current investment board member for two public Texas pension funds; and David Farmer, a former COO of Invesco Real Estate.
Founded in 2016 by CEO Kyle Waldrep, Dottid seeks to transform commercial real estate by streamlining the leasing transaction process, while allowing owners, brokers, and tenants to close deals faster with lower costs, according to a statement.
Dottid’s veteran group of advisers
Dottid’s team of advisers includes Jonathan Crowder, a partner at Intelis Capital; Don Goldstein, a former CIO and chief information security officer of CBRE; Brian Liikala, a former portfolio manager for the State of Michigan Retirement Systems; and Catherine Rodewald, a former president of Prudential Asset Resources Inc.
“For the type of caliber and expertise of the investors and advisers we’ve attracted to validate our vision and help us build the future of the CRE industry, I know we are on the cusp of real transformation,” Waldrep said in a statement.
Dottid recently hired Senecca Miller, a former senior Dev Ops engineer at Toyota Connected, as its new CTO. According to a statement, it has also completed a pilot program with a major Texas developer and property owner.
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