Properly Inc.

Properly Inc. in its $22 million Series A financing round

Client

Properly Inc.

Value

$22 million

Service

Emerging and High Growth Companies

Date Closed

August 2019

Industry

Venture Capital

Lead Office

Toronto


 

On August 13, 2019, Properly Inc. completed its $22 million Series A financing round, consisting of $12 million in equity and an initial $10 million debt facility. This investment will accelerate the startup’s expansion within Calgary and to other Canadian cities, as well as be used to further develop its technology, and expand its team.

Properly Inc. is a Toronto-based proptech startup that aims to remove issues typically associated with a home sale, such as untimely home showings and expensive repairs. The platform uses machine learning to help homeowners determine what their home would sell for on the open market, with the option to sell directly to Properly and close quickly.

Osler, Hoskin & Harcourt LLP advised Properly Inc. with a team consisting of Chad Bayne, Justin Dharamdial and Jeremy Lin (Emerging and High Growth Companies) and Martha Martindale (Financial Services).


Team
Chad Bayne
Key Contact

Chad Bayne

Partner, Emerging and High Growth Companies

Justin Dharamdial

Justin Dharamdial

Associate, Emerging and High Growth Companies

Jeremy Lin

Jeremy Lin

Associate, Emerging and High Growth Companies

Martha Martindale

Martha Martindale

Partner, Financial Services