Doorr closes $1.26m seed round to fuel the development of its product

Canada-based PropTech startup Doorr has raised $1.26m in a new seed round co-led by Celtic House Venture Partners and MaRS Investment Accelerator Fund.

Techstars and several angel investors also participated in the round, according to BetaKit.

Doorr will use the money to fund the development of its mortgage platform for brokers and financial institutions, focusing particularly on boosting deal velocity, accuracy, compliance and the user experience.

The round comes after 2019 proved to be a recording investment year for Canadian FinTechs. The sector raised $1.49bn last year, $33.3m more than the previous record year of 2017, according to FinTech Global’s research. It also marked a significant increase from 2015 when the industry raised $479m. Between 2015 and 2019, Canadian FinTech companies raised more than $5.2bn across 420 deals.

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