Ownly, an Alberta, Canada-based fast-growth e-commerce PropTech solution for the home buying process announced that it raised a $2.55 million seed round to support its rapid expansion into U.S. markets.
The round was led by Bluesky Equities, with notable participation from NAventures, the corporate venture capital arm of the National Bank of Canada, as well as Garage Capital.
With this fresh capital, Ownly can scale its platform and bring a secure, frictionless homebuying experience into North American markets.
"With economic uncertainty in the housing market, the affordability crisis is forcing builders and sellers to find new and innovative ways to connect with their customers through cutting-edge technology. Ownly's platform creates the needed seamless experience for homebuyers and builders," said Jason Hardy, CEO and Co-Founder of Ownly. "I'm grateful to our investors for trusting our vision, and this funding allows us to keep our momentum going at a faster and stronger pace."
Ownly is bringing e-commerce to the real estate industry, creating a frictionless and transparent process for the home buying experience. Often referred to as the "Shopify" of real estate, the state-of-the-art Software-as-a-Service (SaaS) platform enables its customers to shop, finance, and buy new homes online from any device.
Company: Ownly Ltd.
Round: Seed Round
Funding Month: October 2022
Lead Investors: Bluesky Equities
Additional Investors: NAventures and Garage Capital
Company Website: https://theownly.io/
Software Category: e-commerce PropTech solution
About the Company: Founded in 2020, Ownly is e-commerce for real estate that lets customers shop, finance, and buy new homes online from any device. Ownly works with leading ERP, CRM, and lot management software, delivering unprecedented data and analytics into customer shopping behaviors and buying preferences. Ownly allows homebuyers to shop for and purchase their dream home without ever stepping foot in a showhome and verifies potential buyers' identity and financial ability before unlocking the next purchase step. Ownly streamlines the sales process and creates efficiencies by delivering qualified, ready-to-buy leads to sales teams. Since launching in 2020, Ownly has experienced over 100,000 online builds and 4,000 homebuyers in Canada actively shopping for and saving homes through the company's MyHome Portal.