BuyProperly, a Canada-based real estate investing platform, announced on Tuesday it raised $2 million through its latest investment round, which was led by Nurture Ventures with follow-on participation from FastBreak Ventures and notable angel investors. Founded in 2019, BuyProperly describes itself as an online marketplace for fractional real estate property investments to enter the real estate market at a minimum of $2,500.. the company is on a mission to simplify the real estate market, offering an online platform that allows users to complete an investment in less than seven minutes.
“BuyProperly strategically grows investors wealth by identifying high yield properties with its proprietary AI model, and earns investors passive rental income alongside their long-term investments.”
Khushboo Jha, Founder and CEO of BuyProperly, spoke about the company’s development by stating:
“I founded BuyProperly because I was unable to invest in the real estate market with the savings I had. Now more than ever, real estate is seen as an inaccessible investment option and BuyProperly offers a seamless entry point for individual investors to high yield opportunities in the real estate market.”
BuyProperly further revealed that since its inception, it has seen its customer base grow by 5X with 30% of customers investing in more than one property on the platform.
“This round of funding brings exciting new growth opportunities for the company including the expansion of its operations and innovation team, and the addition of 30 new investment properties available to customers by the end of 2021.”