Former Invesco CEO and founder invests in CRE technology platform

Dottid, a commercial real estate software-as-a-service technology platform, has raised $3.85 million in a seed round of funding.

The emerging technology company brought together a collaboration of investors, including David Ridley, founder and former CEO of Invesco Real Estate; Laurie Dotter, current investment board member for two public Texas pension funds; and David Farmer, former COO of Invesco Real Estate — marking the first time several Dallas real estate industry insiders have made an investment of this kind in a proptech company.

“I am grateful for the support and investment we've received from some of the true titans of the real estate industry,” said Kyle Waldrep, founder and CEO of Dottid. “For the type of caliber and expertise of the investors and advisers we've attracted to validate our vision and help us build the future of the CRE industry, I know we are on the cusp of real transformation.”

Headquartered in Dallas, Dottid’s team of adv