Real estate tech startup Properly nabs $22 mln in Series A round
Toronto-based real estate technology provider Properly has raised $22 million in Series A financing, consisting of $12 million in equity and an initial $10 million debt facility. The equity funding was led by U.S. venture capital firms Prudence Holdings and FJ Labs, with participation from Golden Ventures, AlleyCorp's Kevin Ryan and others. Founded in 2018 by CEO Anshul Ruparell, COO Sheldon McCormick and CTO Craig Dunk, Properly uses machine learning to help homeowners discover what their home would sell for on the open market, with the option to sell directly to Properly. The company will use the funds raised to accelerate expansion in Canada, enhance its technology, and add to its team.
13 August 2019•3 mins read
