The Toronto-based company, which operates a real-estate platform, said Boardwalk Investment Limited led the round. Highline Beta, Conconi Growth Partners and several angel investors also participated, including Mike Dobbins, the former head of RBC Ventures. (The Logic)

Talking point: A growing number of startups are developing services for renters as housing has become increasingly unaffordable in Canada. Requity buys homes on customers’ behalf and rents it back to them, giving them the option to buy it back at a guaranteed price later on. “We are offering a fair and flexible alternative path to home ownership by introducing more innovative financing options to an underserved market,” said Requity CEO Amy Ding. Other companies offering products specifically for renters include Zenbase and Chroma, which pay customers’ rent upfront and allow them to pay it back over the following month.