RBC acquires Canadian operations of US proptech startup Ojo
Deal comes amid cooling housing market that has impacted homebuyers and proptech startups alike.
proptech
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.
VendorPM secures $20 million Series A to expand US footprint
VendorPM’s backers include Bessemer and a plethora of real estate investors.
Report maps Canadian sustainable proptech industry and nearly $1.5 billion in investments
Amp Energy, GoBolt, Ecobee, Brainbox AI among top funded startups in the sector.
Properly secures $36 million CAD, pulls back on geographic expansion plans as Canadian housing market cools
Provincial expansions across BC, Ontario, and Québec have been pinned in favour of focus on Toronto and Vancouver.
BrainBox AI’s Series A round reaches $30 million following EDC top-up
BrainBox AI’s HVAC systems help buildings consume less energy.
Real estate auction platform Unreserved files $25 million lawsuit against real estate associations
Startup claims defamation and interference in Unreserved’s economic interests.
The DMZ, GroundBreak Ventures launch new proptech incubator program
Participating startups will receive $25,000 and 60 hours of mentorship.
US companies Avanade, Nautical Commerce, Twilio, Dealpath plot Canadian expansions
All four plan to conduct a hiring spree amid a growing number of global tech layoffs.