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).