HomeUSAProperly Raises CAD$36M in Financing

Properly Raises CAD$36M in Financing


Properly co-founders (left to right: Craig Dunk, CTO; Sheldon McCormick, COO; Anshul Ruparell, CEO) (CNW Group/Properly)

Properly, a Toronto, Canada-based real estate tech startup, raised $36 million CAD financing round.

This fundraise was led by existing partners including Parker89, Bain Capital Ventures, Prudence, FJ Labs, Golden Ventures, Intact Ventures, Max Ventures, AlleyCorp, Interplay, Industry Ventures and others, and brings total funding to $192 million CAD.

The company intends to use the funds to further its investment in technology and expand its offering of products and services.

Led by Craig Dunk, CTO, Sheldon McCormick, COO, and Anshul Ruparell, CEO, Properly is a technology-enabled real estate brokerage offering a suite of products and services that give control, and transparency. The company supports customers across multiple stages of the buying and selling process from the initial online search, to securing financing, to transacting on a home. Since launching in Toronto in Summer 2020, Properly has supported over $1 billion CAD in transactions.

The company is headquartered in Toronto with operations in Vancouver.