Texas proptech startup secures $3.85M in seed funding

Former Toyota Connected Engineer has been named the new CTO of the startup which also recently completed a beta program with a major Texas developer.

The proptech startup offers a one-stop-shop for owners, brokers, and tenants to seamlessly transact throughout the leasing process.

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.

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