What is Properly?
Properly operates as a technology-driven real estate brokerage, headquartered in Toronto, Canada. The company's core offering is a unique service that allows homeowners to purchase their next residence before listing and selling their current property. This 'buy before you sell' model addresses a common pain point in the real estate market, providing a more fluid and less stressful transaction experience for consumers.
How much funding has Properly raised?
Properly has raised a total of $192.3M across 4 funding rounds:
Series A
$22M
Debt
$100M
Series B
$34.3M
Other Financing Round
$36M
Series A (2019): $22M with participation from Golden Ventures and Prudence Holdings
Debt (2020): $100M led by i80Group and Silicon Valley Bank
Series B (2021): $34.3M supported by FCT
Other Financing Round (2022): $36M featuring FJ Labs, Parker89, Bain Capital Ventures, and Prudence
Key Investors in Properly
Golden Ventures
Golden Ventures is a venture capital fund specializing in seed and early-stage investments, with a particular focus on mobile technology. They provide crucial early-stage funding and mentorship to entrepreneurs developing innovative mobile products and services.
FCT
FCT, likely First Canadian Title, is a prominent Canadian entity providing essential title insurance and related services for real estate transactions, supporting professionals, lenders, and consumers.
Silicon Valley Bank
Silicon Valley Bank (SVB) is a financial institution offering a comprehensive suite of banking and financial services tailored for the technology and innovation sectors, including commercial and private banking, asset management, and investment services.
What's next for Properly?
The substantial enterprise-level funding Propery has garnered, particularly the recent strategic investment, positions the company for accelerated growth and market expansion. This capital infusion is likely to fuel further development of its technology platform, enhance its brokerage services, and potentially broaden its geographic reach. The company's trajectory suggests a focus on solidifying its position as a leader in innovative real estate solutions, leveraging its unique model to capture a larger share of the market.
See full Properly company page
