Vista-backed Finastra acquires Doorr

Katharine Hidalgo
22 October 2020

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Vista Equity Partners portfolio company Finastra has acquired Doorr.

The acquisition was made through Finastra's Canadian mortgage business, Filogix, which the company has invested in to enhance its capabilities.

The acquisition is being made to acquire Doorr's product and feature range.

Vista formed Finastra through the merger of its portfolio company Misys with D+H, a Canadian fintech group that the financial sponsor acquired in 2017 for C$4.8bn in 2017. It initially acquired Misys in 2012 for £1.27bn.

Previous funding
In January 2019, Maple Leaf Angels and Good News Ventures raised $500,000 for the company.

Techstars and Creative Destruction Lab provided funding to the company in February 2019.

Celtic House Venture Partners, GCI Capital and Mars Investment Accelerator Fund participated in a $1.75m seed round for the company in May 2020.

Company
Toronto-based Doorr is a provider of cloud-based point-of-sale mortgage application software used by brokers to improve the mortgage experience. It was founded in 2018.

People
Doorr – Muhammad Rashid (co-founder, CEO).

Advisers
Acquirer – Stikeman Elliott (legal).