Dallas real estate startup Door has expanded into Austin and begun moving into its new independent office at the Tollway Center in North Dallas.
The company, led by CEO and founder Alex Doubet, expanded into Austin with a soft launch in October and closed its first deal in city in December. The expansion comes after a record year in revenue for Door. The startup generated more than a million in revenue in its fourth quarter—more money than it made in 2016. The fourth quarter also marked the first time in which Door completed more than 100 transactions within one quarter. It ended the year with just under $2 million in revenue.
Its new 10,000 square-foot office is expected to allow Door, which employs about 35 people, enough space to double its headcount. The company is expected to be fully moved in by March, after leaving its current office space at WeWork’s Uptown location.
Door, founded in 2015, aims to ease the burden of buying or selling a home through its mobile platform and flat-fee cost structure. Though it started in realty, it launched its title service, which employs seven people, in September to make the transactions easier to manage. It plans to launch its mortgage business in the middle of the year. It’s also evaluation expansion opportunities in Houston and San Antonio, with the goal of of being up and running in all four major markets in Texas by the end of the year.
Doubet said Door aims to differentiate itself with its service.
“The misstep you see in this space is companies try to make a tech-first solution,” he said, suggesting that those companies are betting their technologies will help them beat out other competitors. “I don’t think that’s the case. I think customer service will [win]. Technology just enables that.”
In March, Door raised $2.3 million Series A funding round, which was led by Robert Smith, owner of Dallas-based Sold Out Sports, a sports event ticket seller. The round also included investments from Blair Baker, managing partner at Dallas-based Precept Capital Management, and real estate developer Phillip Huffines. Doubet said later this year, the company will likely announce a Series B round, which will help fuel its Texas expansion plans.
