HonestDoor, an Edmonton, Alberta-based most complete online resource for property valuations, announced that it raised CAD 2.2 million in seed funding.
The funding round was led by Luge Capital, with participation from Bluesky Equities, Conconi Growth Partners, Panache Ventures, REACH Canada, SAF Group, Startup TNT, and Wheaton Group along with inspiring entrepreneurs Sanders Lee, Ashif Mawji, and Blaine LaBonte.
HonestDoor will use the funds to scale its real estate platform to facilitate the on-demand delivery of automated valuation models (AVMs) on any property in Canada at a consistently high level of accuracy. The company also plans to test its model in select U.S. markets.
Company: HonestDoor Inc.
Raised: CAD 2.2M
Round: Seed Round
Funding Month: March 2022
Lead Investors: Luge Capital
Additional Investors: Bluesky Equities, Conconi Growth Partners, Panache Ventures, REACH Canada, SAF Group, Startup TNT, Wheaton Group, Sanders Lee, Ashif Mawji, and Blaine LaBonte
Company Website: https://www.honestdoor.com/
Software Category: Proptech platform
About the Company: Founded in 2018 by Daniel Belostotsky, HonestDoor is a proptech platform that uses real estate data, machine learning, and data science to provide Canadian real estate buyers, sellers, investors, and lenders with property valuations. The company’s mission is to help consumers make the best real estate decisions with up-to-date, accurate information about the current prices of any property, not just those that are listed for sale. HonestDoor leverages real estate data, machine learning, data science, and a growing team of data analysts to provide estimated property valuations on houses and condos.