BuyProperly Raises $2M to Bring Accessible Real Estate Investing to Canada and the US
May 26, 2021
Business Wire Release | BuyProperly | May 18, 2021
The barrier to entry in the real estate market is rising and BuyProperly offers a solution
TORONTO — BuyProperly , Canada’s AI-driven fractional real estate investing platform, announced today the close of $2M in funding, led by Nurture Ventures with follow-on participation from FastBreak Ventures and notable angel investors. The investment will be used to further develop BuyProperly’s AI-driven property identification model, expand its national footprint with properties in Ontario, Quebec, Nova Scotia and New Brunswick, and add properties in the US to its proprietary distribution network. Founded in 2019, BuyProperly has been quick to establish itself as a leading fintech platform, enabling individuals to invest in real estate for as little as $2,500. “I founded BuyProperly because I was unable to invest in the real estate market with the savings I had,” said Khushboo Jha, Founder and CEO of BuyProperly. “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.”
The company is on a mission to simplify the real estate market. In less than seven minutes, individuals can go online and complete a fractional real estate investment with expected returns of 20-40%. BuyProperly’s proprietary AI evaluates over 1.5Million data points to identify high yield real estate opportunities that can deliver above average returns. Through BuyProperly, investors can grow their wealth without high upfront costs and the traditional hastles of property ownership and management. Additionally, the company rents out the fractionally-owned properties to high-quality AAA tenants, earning investors passive income alongside their long-term investments. Since inception, BuyProperly 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. “I’ve had the fortunate opportunity to be a part of BuyProperly and Khushboo’s journey since the beginning,” said Saurabh Dutta, Partner, Nurture Ventures. “The market need for fractional real estate investing is clear through the customer growth BuyProperly has seen in only a short amount of time. I am excited to continue to be a part of this journey as the BuyProperly team enters a new phase of growth.”
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