Requity Homes secures $26 million for rent-to-own platform as high interest rates loom over prospective homeowners
Requity aims to help renters become homeowners in markets outside of Toronto and Vancouver.
Proptech
Operto to acquire US-based proptech firm Dack, bolster property management platform
The acquisition will mark Operto’s third since 2021.
Aiming for cash-flow positive in 2024, Virtuo targets North American expansion with 2023 funding
Calgary-based proptech startup raised $3.5 million in seed financing in March.
Real estate investment startup Willow.ca acquired by rental platform Guiker
Majority of Willow’s team “offboarded” prior to acquisition, CEO to join Guiker.
Brickeye secures $5 million CAD in convertible debt round with participation from BDC and Graphite Ventures
Brickeye provides construction companies with job site monitoring, analytics, and smart automations.
Promise Robotics nets $20.8-million CAD Series A to speed up home building with robots
The startup turns standard industrial robots into plug-and-play homebuilding systems.
BDC Capital recommits to leading seed deals in startups across Canada with new $50-million fund
VCs applaud BDC’s commitment to direct seed funding, ask for more emerging manager support.
Pine acquires Properly to capture more of the Canadian home-buying process
Digital mortgage firm aims to build the former proptech into Canada’s top real estate website.
Properly founders exit as company and tech are sold in separate transactions
America real-estate giant Compass buys out Properly founders; unnamed Canadian firm acquires brokerage.
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.
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.