By Riley Kaminer
It’s a first-class ticket to San Francisco for Miami startup Getaway, which has just announced its acquisition by Bay Area startup Doorvest.
For Ali Nichols, CEO and co-founder of Getaway, it’s a logical next step. “At Getaway, we’ve always been driven by the mission to make real estate investing more accessible,” Nichols shared in a statement. And now, partnering with Doorvest allows them to scale that impact further and faster than ever before. She joins Doorvest as COO.
Founded in 2022, Getaway quickly became a disruptor in real estate, allowing people to invest in short-term rental properties with as little as $100. Unlike many other investment platforms, Getaway’s investors could enjoy their tangible returns by booking nights in the homes they owned a piece of. This personal connection to investment was part of Getaway’s allure, especially to first-time investors dipping their toes into real estate.
“One thing that we’re really excited about is this idea that your investment isn’t just into an app or a website,” Nichols previously told Refresh Miami. “But you can tangibly go enjoy and experience what you’re invested in. We really hope that drives pride of ownership.”
Enter Doorvest, a company with a similar passion for democratizing real estate investing – making it possible to own rental homes without needing experience with tenants or maintenance. Now, through their acquisition of Getaway, Doorvest is expanding its offerings and bringing Getaway’s financing tools to a broader market.
With Doorvest’s plans to launch a new lending product later this year, Getaway’s real estate sourcing expertise, and their network of 34,000 investors, the combined platform is set to become a powerhouse for people looking to diversify into real estate.
Andrew Luong, Doorvest’s CEO, summed up the merger’s potential: “By uniting Doorvest’s end-to-end platform with Getaway’s innovative financing tools, we’re accelerating our mission to advance financial security for all.”
This acquisition, and the resulting merger of teams and technology, reflects a larger trend in the proptech world: the drive to simplify complex, traditionally exclusive systems, and make them accessible to all.
Nichols and her team, who started with two properties in Little Havana and Scottsdale, Arizona, now see this merger as a stepping stone to something bigger. They’re already collaborating with Doorvest to launch this new, enhanced suite of tools in key markets, with an eye toward national expansion.
In early 2022, Nichols landed in Miami as part of the eastward expansion of proptech startup Bungalow, where she served most recently as the company’s VP of Growth and Real Estate Strategy.
“When we started Getaway, our mission was simple: to make real estate investing more accessible to the next generation of investors,” Nichols asserted in a LinkedIn post. “Now, by joining forces with Doorvest, we’re taking that vision to the next level. Together, we’ll offer an all-in-one platform for sourcing, financing, transacting, and managing investment properties — empowering both aspiring and seasoned investors to build wealth with ease.”
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