A Dallas company providing technology tools for the commercial real estate industry landed more funding with some help from an established name.
Dottid has attracted $4.5 million in a round that ended in December, according to a statement. That’s an addition to funding raised in May of last year, a spokesperson said, with the overall total amount it’s gathered being over $14 million.
The new round was led by Lincoln Property Co., an international real estate firm in Dallas.
Dottid provides a technology platform for asset management and leasing transactions. The new investment accelerates its national rollout and will include expansion into numerous Lincoln assets in cities such as Dallas, Los Angeles and Boston.
“After our first meeting with the Dottid team and getting an inside look at their platform, we knew they were approaching the market with something different than what already existed to serve Asset Managers & Leasing Teams,” Vince Cicciarelli, vice president at LPC Ventures, said in a statement. “They’ve truly taken a user-centric approach to streamlining the leasing lifecycle by offering what is most important and cutting out the rest.”
With Dottid, users gain insights into their properties and track movements of leasing transactions. These can include upcoming lease expirations, deal activity, vacant suites and several other variables.
“Dottid’s mission is to be the operating platform for commercial real estate owners, globally, and this starts by making the leasing and asset management process as simple and efficient as possible,” Dottid CEO Kyle Waldrep said in the statement.
Article written by: Brian Womack
Dallas Business Journal