Properly Receives $100 Million in Financing to Fuel Tech-Enabled Home Buying

Written By CRETI

Canadian startup Properly has secured $100 million CAD in debt financing to help support its capital heavy expense of purchasing homes – a key aspect of the company’s innovative Proptech offering.

The $100 million credit facility came from Silicon Valley Bank (SVB) and i80 Group, the latter of which is a “specialty finance firm” that provides capital to FinTech and Proptech companies.

The financing follows the initial launch of Properly’s home buying service in the Greater Toronto Area (GTA) and Ottawa, in August.

CRETI https://cretiventures.com
Previous

Lane Acquires Tenant Engagement Giant, Adds 70 Million Square Feet to Cement Position as Global Leader in Workplace Experience for Commercial Real Estate
Next

Azora invests in Fifth Wall's first European proptech fund