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Recruit invests in real estate tech startup

August 13, 2019

Recruit Co. Ltd., one of the largest staffing firms in the world, continued to diversify its technology holdings; today, the company announced it invested in Properly Inc., a Canada-based real estate technology startup that uses artificial intelligence.

Properly’s product includes an algorithm that analyzes hundreds of data points and automatically provide an accurate valuation. The company currently operates in Calgary, Canada, but has plans to expand to Edmonton and other Canadian cities.

“With this investment, Recruit aims to support Properly's growth and improve the quality of these services,” according to Recruit. “With the funding capital of this round, Properly can increase sales, enhance its technology, develop new features, and expand the geographic presence and scope of operations.”

Properly was founded in June 2018. It is led by CEO Anshul Ruparell.

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