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Toronto’s Properly raises $44M Series B amid hot housing market

On the heels of a blockbuster year for the Canadian housing market, Toronto-based proptech company Properly has raised $44 million in a Series B round led by Bain Capital Ventures—a deal that values the company at $220 million. Founded in 2018, Properly aims to make it easier for Canadians to buy and sell homes, bringing its online brokerage to an industry that co-founder and CEO Anshul Ruparell said hasn’t seen much innovation in Canada.

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