Properly Raises $100M in Series C

Properly has successfully raised $100M in a Series C at a $600M valuation led by Tao Capital Partners, Susa Ventures, Pear VC, Sound Ventures, Fifth Wall.

Company Overview

Properly is a PropTech company headquartered in 2150 East Germann Road, Chandler, AZ 85286, founded in 2018 with 400+ employees.

Real estate technology and services

Fundraising Details

Amount Raised: $100M
Round Type: Series C
Valuation: $600M
Date: 2024-07-08
Investors: Tao Capital Partners, Susa Ventures, Pear VC, Sound Ventures, Fifth Wall

About Properly

Real estate technology and services The company is positioned in the PropTech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 2150 East Germann Road, Chandler, AZ 85286
Founded: 2018
Team Size: 400+
Industry: PropTech

What This Means

This funding round demonstrates strong investor confidence in Properly's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The PropTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Properly's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $600M valuation marks an important milestone for Properly, positioning the company among notable players in the PropTech industry.

Looking Ahead

With this new capital, Properly is well-positioned to execute on its growth strategy and continue building innovative solutions in the PropTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-07-08. For more information about Properly, visit their headquarters at 2150 East Germann Road, Chandler, AZ 85286.