Doorvest, a real estate investing app, has acquired Wreno, an AI-powered vendor management and project automation platform for institutional-grade property operations.
The financial aspects of the deal were not disclosed. The companies announced their combined team plan to roll out upgraded tools for project oversight, vendor engagement, and home acquisition.
“Wreno was born to solve the pain points of managing vendors, scopes, and project timelines across large property portfolios,” said Charlotte Schell, CEO and co-founder of Wreno. “By joining forces with Doorvest, we’re now able to put that technology into the hands of thousands of investors and property owners — unlocking NOI (net operating income), driving liquidity, and enhancing the resident experience across the board.”
“With this acquisition, we can finally deliver on our flywheel,” said Andrew Luong, CEO and co-founder of Doorvest. “Every new door under management brings new inventory for buyers, more liquidity for sellers, and better operational efficiency with scale. Over 30% of our existing customers have already repeat purchased and over 60% have leveraged our lending products — this puts us on a trajectory to build the most powerful real estate platform in the country. AI is radically transforming our world and I’m beyond excited about its potential to deliver better investor returns, increased resident satisfaction while also freeing up teams to spend time on distinctly human support.”
