Provincial expansions across BC, Ontario, and Québec have been pinned in favour of focus on Toronto and Vancouver.
Toronto-based proptech startup Properly has raised $36 million CAD in a move the company says will extend its runway and support long-term growth amid shifting market conditions.
Properly is describing the all-equity, all-primary round, which was financed primarily by existing investors and comes just over a year after the company closed $44 million in Series B capital, as a “Series B 2.”
“Putting ourselves in a position to weather an economic storm is obviously top of mind.”
-Anshul Ruparell, Properly co-founder and CEO
Since its July 2021 Series B round, Properly had expanded to Vancouver and grown two and half times on a revenue basis during a particularly hot real estate market.
But in recent months, economic conditions have changed, interest rates have…