Report shows overview of Canadian proptech sector as real estate undergoes digital transformation
Over the last year, the property sector has undergone major transformations, including the acceleration of technology adoption. These changes have put a brighter spotlight on proptech startups looking to innovate in the sector.
A new report reveals details on the Canadian PropTech landscape, examining the key players, emerging trends, and insights into how the Canadian real estate industry is transforming.
Out of 300 startups surveyed, approximately 60 percent are in the early stages of their growth.
The report comes from Proptech Collective, a group of real estate professionals, technologists, and entrepreneurs, with partners including PwC, the Business Development Bank of Canada, and Alate Partners. The data in the report is based on several sources including Pitchbook, Crunchbase, Alate Partners, and interviews conducted by the Proptech Collective.
Today in hires: Freshbooks, Juno, Staffy, Alida, Local Logic
Five Canadian tech organizations have recently brought on new team members, including Staffy, Juno, Freshbooks, Alida, and Local Logic. Here’s a breakdown of who is joining whom, and what they bring to the table.
Freshbooks hires Mara Reiff as chief data officer
Toronto-based accounting software company Freshbooks has hired Mara Reiff as the company’s first chief data officer. In the new role, Reiff will focus on how Freshbooks acts on data and lead the company’s data governance strategy.
Reiff will report to the company’s newly appointed CEO Don Epperson.
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GoFor Industries, a Canadian last-mile, on-demand and same-day delivery company, has closed a CA$20 million Series A investment to continue its expansion into the U.S.
The funding, announced Monday, follows record growth for GoFor, which has recently developed partnerships with multiple Fortune 500 retailers to provide rapid delivery for construction, building materials and consumer goods.
Even the layperson knows the COVID-19 pandemic has led to a surge in demand for reliable, same-day delivery, as those laypeople customers increasingly make purchases online and expect rapid delivery. By filling the last-mile gap in the shipping industry, companies like GoFor allow retailers under pressure to deliver goods on demand and avoid delays.
GoFor Industries, an Ottawa, Ontario-based last-mile, on-demand and same-day delivery company, closed a $20m (CAD) Series A growth funding round.
The round, which has now raised a total of nearly $30m (CAD), was led by Builders VC with participation from MetaProp, GroundBreak Ventures, Plug & Play Ventures and Panache Ventures. In conjunction with the funding, Mark Blackwell, Partner at Builders VC, will be joining the GoFor Board of Directors.
The company intends to use the funds to continue its ongoing expansion into the U.S. (into 11 new cities, including Atlanta, Baltimore, Washington DC, San Francisco, Memphis, Detroit, Chicago, Boston, Philadelphia, Miami and Phoenix beyond Dallas/Fort Worth, Houston, San Antonio, Charlotte and all across Canada).