Doorvest Acquires Competitor Getaway to Enhance Real Estate Investing Platform

Doorvest, a platform that facilitates real estate investing for busy professionals, has acquired Getaway, a proptech company specializing in property sourcing and financing. This acquisition is expected to enhance Doorvest’s offerings by integrating Getaway’s financing products, creating a more comprehensive solution for real estate investors.

Doorvest aims to simplify the process of buying, owning, and managing investment properties by providing end-to-end services. With the addition of Getaway’s capabilities, the platform will now offer a seamless experience for sourcing, financing, transacting, and managing rental homes.

Andrew Luong, co-founder and CEO of Doorvest, highlighted the synergy between the two companies. “The collaboration with Getaway allows us to enhance our platform with their innovative financing tools. This integration helps us advance financial security for our users and further streamlines the investment process,” he said.

The merger will also accelerate Doorvest’s planned launch of a new lending product later this year. By incorporating Getaway’s technology and its network of over 34,000 investors, Doorvest aims to establish itself as a leading platform for Americans interested in building wealth through real estate.

Ali McCarty, co-founder and CEO of Getaway and now COO of Doorvest, stated, “Our mission has always been to make real estate investing more accessible. Joining forces with Doorvest expands our ability to offer diverse solutions to a wider audience, simplifying the investing process and enhancing consumer choice.”

The newly combined teams plan to work with strategic partners to expand their offerings into key markets across the United States in the coming months. Getaway, which launched in October 2022 with a $5.9 million seed funding round, focused on making real estate investment accessible by allowing individuals to invest in fractional property shares starting at $1,000.

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