Proptech startup Alate Partners launches with $40 mln seed round
Alate Partners, a Toronto startup focused on the property-tech market, launched today with the close of a $40 million seed financing, according to a news release. The round was backed by real estate company Dream Unlimited, the affiliated Dream Office REIT, and mobile venture capital firm Relay Ventures. The seed deal is the largest in Canada in two years, Refinitiv data show. Along with funding it, Dream and Relay incubated Alate. Its creation is intended to drive development of an ecosystem that brings proptech companies together with real estate owners and operators.
13 November 2018•2 mins read
