Gambit Partners aims to take some of the risk out of early-stage investing by leaning on its LPs
Led by Relay Ventures and VTS VPs, $2-million VC fund looks to leverage its LP battalion of Canadian tech operators.
proptech
Home-sharing platform Happipad partners with Nova Scotia government to aid province’s rental crisis
Province estimates 130,000 vacancies could potentially be filled through the partnership.
Local Logic raises $17.5 million CAD to develop AI decision-making for location-based risks and opportunities in real estate
Montreal proptech startup wants to impact every real estate decision in the United States and Canada.
Doormat raises $1.25 million to make real estate legal services easier
Doormat is currently available in Ontario and plans to expand into British Columbia and Alberta.
Tough Commerce raises $2 million to become Shopify for “complex” industries like construction
A former Shopify engineering lead joined Tough Commerce as investor, board member.
Unreserved dismisses portion of $25 million lawsuit against real estate associations as new regulations for open bidding expected
The lawsuit remains active against the Ottawa Real Estate Board.
RealSage secures $2.1 million CAD to help multi-family rental managers make better decisions with AI
Ex-real estate asset manager aims to help others parse data during “critical time.”
RBC acquires Canadian operations of US proptech startup Ojo
Deal comes amid cooling housing market that has impacted homebuyers and proptech startups alike.
Properly pivots away from home sale guarantee as real estate market dips
Company attributes shift to “unprecedented volatility in the Canadian housing market.”
Wiseday enters Canada’s digital mortgage space with “instant” pre-approval process
Wiseday is led by RenoRun, Hopper, Ssense, Ubisoft, Nesto alumni.
Canadian tech layoffs continue as tough year comes to a close
Properly, TealBook, D2L, League among latest firms to cut staff amid economic downturn.
SingleKey acquires competitor Naborly to take the risk out of renting
The deal stands to triple SingleKey’s user base.
Mortgage startup Perch raises $4 million with continued backing from venture arm of National Association of Realtors
Perch wants to use data to change mortgages and real estate.
Ownly secures $2.55 million, aims to become “Shopify for real estate”
Calgary startup aims to help “old school” real estate developers sell new homes.
Thoughtwire, Finaeo make staff cuts as Canadian tech continues to face economic headwinds
Both companies are staying mum on the number of employees cut.