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Corporate Venture
intactventures.com

Investments

33

Portfolio Exits

9

About Intact Ventures

Intact Ventures is focused on investing and partnering with companies that are redefining the property & casualty landscape with innovative business models and new technology.

Headquarters Location

700 University Avenue

Toronto, Ontario, M5G 0A1,

Canada

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Latest Intact Ventures News

Pine acquires Properly

Oct 5, 2023

Pine acquires Properly Pine, the Canadian real estate startup backed by Intact Ventures, has acquired the brokerage and search portal of Properly Inc, a Canadian real estate startup that’s also backed by Intact’s venture arm. Founded in 2018, Properly’s original proposition allowed homebuyers to purchase a new home before listing their current property on the market. If the home doesn’t sell on the market within 90 days, Properly buys it from the seller at the agreed-upon price. The startup raised ~$70 million in equity and a similar figure in debt. Last year, Properly announced layoffs, and earlier this year it discontinued its buying and selling service. In August, American real estate company Compass entered into a definitive agreement to acquire certain non-brokerage assets of Properly for $32 million in equity. Founded in 2021, Pine allows Canadian homebuyers to apply for a mortgage in under 10 minutes. The startup has raised $40 in VC funding and has processed “billions” in mortgage applications. “Pine’s vision has always been to support Canadians at every step of their homeownership journey by building innovative digital experiences. By acquiring Properly, we are dramatically increasing our reach and ability to provide a delightful, end-to-end home buying experience to more consumers. The company is a perfect complement to our existing mortgage platform.” – Justin Herlick, CEO of Pine. Share this A really good email covering top news. Leave this field empty if you're human: Related Posts

Intact Ventures Investments

33 Investments

Intact Ventures has made 33 investments. Their latest investment was in Resilience as part of their Series D on August 8, 2023.

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Intact Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/7/2023

Series D

Resilience

$100M

No

3

8/8/2022

Series C

Properly

$28.02M

No

2

6/22/2022

Series B

Ledger Investing

$75M

Yes

2

5/31/2022

Series A

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$99M

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10

5/25/2022

Series A - II

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$99M

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10

Date

8/7/2023

8/8/2022

6/22/2022

5/31/2022

5/25/2022

Round

Series D

Series C

Series B

Series A

Series A - II

Company

Resilience

Properly

Ledger Investing

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Amount

$100M

$28.02M

$75M

$99M

$99M

New?

No

No

Yes

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Co-Investors

Sources

3

2

2

10

10

Intact Ventures Portfolio Exits

9 Portfolio Exits

Intact Ventures has 9 portfolio exits. Their latest portfolio exit was Properly on August 05, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/5/2023

Acquired

$99M

3

3/1/2023

Acquired

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$99M

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10

9/28/2021

Acquired

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$99M

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10

8/25/2021

Corporate Majority

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$99M

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10

7/21/2021

Acquired

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$99M

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10

Date

8/5/2023

3/1/2023

9/28/2021

8/25/2021

7/21/2021

Exit

Acquired

Acquired

Acquired

Corporate Majority

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

10

10

10

10

Intact Ventures Team

2 Team Members

Intact Ventures has 2 team members, including , .

Name

Work History

Title

Status

Justin Smith-Lorenzetti

Founder

Current

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Name

Justin Smith-Lorenzetti

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Work History

Title

Founder

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Status

Current

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