Proptech Collective Newsletter: December

December 04, 2024

December 2024: Our year-end review and looking forward! Proptech 30, the Proptech in Canada Report, and the CTA Proptech Accelerator Program

As the year draws to a close, we’re reflecting on all of the initiatives and growth we’ve seen in the proptech community across the country.

We’ll be sharing our full recap on LinkedIn before we close out the year. If you're not already following our page, now's the perfect time to follow along for updates you won't want to miss!

🎉 HIGHLIGHTS FROM THE YEAR

What we have achieved in 2024 …

  • Published the first-ever guide to navigating the US market for proptech companies. It includes market data, expansion tips, and resources to launch your business across the border. 

  • Organized a full-day Growth Summit for our members, with the participation of more than 35 founders from across the country. The day featured fireside chats on launching global brands, panels on scaling partnerships and B2B sales, a discussion on Canada’s housing industry, insights on customer success, and a "Meet the Customers" happy hour to close. 

  • Brought 10 companies to Blueprint & CREtech, with funding from CanExport to support the travel expenses for these conferences. 

    • We also were joined by more than 100 Canadians in Vegas for the Maple Mixer, bringing our Northern hospitality south of the border! 

  • Hosted seven networking events in Toronto, Vancouver, and Montreal this year. Thank you to everyone who joined us! 

  • Supported the Scaling Hubs of the CMHC Housing Supply Challenge by providing industry focus groups and Q&A sessions alongside DMZ for the semi-finalists.

🚨 2025 OPPORTUNITIES

With 2025 around the corner, here are the initiatives you can participate in already:

  • We are launching the Proptech 30, which is still open for applications! This is a directory highlighting 30 Canadian proptech companies advancing real estate innovation.

  • Join our team as a volunteer in 2025! If you can spend 1 hour weekly with us — no matter where you’re located or what your skill level is, let us know. You’ll get free access to all our events and all of our member perks in return! Apply now. 

  • Secure your company spot on our 2024 market maps. We’re in the final stages of writing the 2024 Proptech in Canada report - to be released in early 2025! We're looking for feedback from the community on new proptech startups, M&A activity, or updates to existing proptech startups (new logos, etc.) in the residential, commercial, and construction tech maps. Reach out to us at [email protected] or comment on the posts linked here to submit your comments today.

  • Let us know which conferences you are thinking of participating in next year below. We will be applying for the conference subsidy again in 2025, so your feedback is valuable to us! Let us know.

  • Apply for the UK & Germany Canadian Technology Accelerator (CTA) Proptech Program from March to September 2025. Get curated 1:1 meetings with target clients or partners in the local markets and the chance to exhibit at Proptech Connect in London, Europe’s largest proptech event.
    Apply now or register here for the Info Session on Wednesday, December 4, 2025 at 11am

🗞️ NEWS & UPCOMING EVENTS

  • Our Proptech in Canada 2024 report launch will take place on Wednesday, January 29, 2025. Save the date - more details to come!

  • Our member, Virtuo, debuts HomieAI™, the first generative artificial intelligence app trained specifically on individual homes, allowing homeowners to ask questions, look up details, get advice and find solutions quickly.

  • The Toronto Buildings Show is happening on December 4–6. Get 50% off your Trade Show Pass using the code TF34G.

💰 WHO RAISED CAPITAL

  • 🇨🇦 Corfix: the Ottawa-based construction management software provider, has secured Series A funding from Reformation Partners. 

  • 🇨🇦 Intact acquires Jiffy: the Canadian insurance giant has acquired Toronto-based Jiffy for an undisclosed amount.

  • 🇺🇸 SwiftConnect: the access-control startup has raised US$37 million in Series B funding, led by Quadri Ventures.

  • 🇸🇬 Ampd Energy: the startup with advanced energy storage systems (ESS) raised $27.3 million in an oversubscribed Series B round co-led by Kibo Invest and Openspace.

  • 🇺🇸 Bounce: San Francisco-based travel storage startup has raised US$19 million in Series B funding.

  • 🇺🇸 Fractional: a startup enabling users to co-invest in properties together, raised US$15 million in Series A funding led by Fifth Wall.

  • 🇺🇸 Teleo: the construction-tech startup from Palo Alto, building autonomous technology for heavy equipment, raised US$16.2M in Series A funding.

  • 🇸🇬 Podium: the Singapore-based platform helps streamline the design-to-supply process for building production, has raised US$14.5 million in the first close of its Series A-1 funding round. The round was led by Autodesk, with participation from Schindler and Lendlease. 

  • 🇺🇸 Outbuild: the California-based construction scheduling software company, has raised US$11 million in Series A funding led by Sway Ventures.

  • 🇪🇸 Webel: Madrid-based startup Webel, which develops an at-home services platform, has secured €1.4 million to expand globally.

💼 JOBS IN PROPTECH

🔍 Seeking Opportunities? Access the Foundation for Innovation in Real Estate (FIRE) job board and the Proptech Collective job board to find your next role.
💼 Hiring? Submit your open positions here to attract the industry's best.

Our partners are dedicated to helping Canadian proptech companies thrive. Learn more about how each of them can help accelerate your growth.

Special thanks to RBCx, our community partner: