About Perch
Perch is a company based in Toronto (Canada) founded in 2018. It operates as a Brokerage / Intermediation, and Freemium. Perch has raised $4.79 million across 2 funding rounds from investors including Ontario Centre of Innovation, B.E.S.T. Funds and Second Century Ventures. The company has 19 employees as of December 31, 2024. Perch offers products and services including Mortgage Search Engine, Mortgage Calculators, and Mortgage Pre-Approval. Perch operates in a competitive market with competitors including Manzil, Properly, Pinch Financial, Pineapple and Canadian Mortgage App, among others.
- Headquarter Toronto, Canada
- Employees 19 as on 31 Dec, 2024
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Perch Mortgage Brokerage
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$4.79 M (USD)
in 2 rounds
-
Latest Funding Round
$4 M (USD), Series A
Oct 18, 2022
-
Investors
Ontario Centre of Innovation
& 3 more
-
Employee Count
19
as on Dec 31, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Perch
Perch offers a comprehensive portfolio of products and services, including Mortgage Search Engine, Mortgage Calculators, and Mortgage Pre-Approval. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A tool to find suitable mortgage options online.
Tools to estimate mortgage costs and affordability.
Service to get pre-approved for mortgages quickly.
Unlock access to complete
Unlock access to complete
Funding Insights of Perch
Perch has successfully raised a total of $4.79M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in October 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $4.0M
-
First Round
First Round
(07 Oct 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Series A - Perch | Valuation | Second Century Ventures , Ontario Centre of Innovation | |
| Oct, 2021 | Amount | Seed - Perch | Valuation | Second Century Ventures |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Perch
Perch has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Ontario Centre of Innovation, B.E.S.T. Funds and Second Century Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
SaaS-based companies are invested in by Second Century Ventures.
|
Founded Year | Domain | Location | |
|
Venture capital and private equity investments are managed by B.E.S.T. Funds.
|
Founded Year | Domain | Location | |
|
Research and development services are delivered to an innovation community.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Perch
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Perch
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Perch Comparisons
Competitors of Perch
Perch operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Manzil, Properly, Pinch Financial, Pineapple and Canadian Mortgage App, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Shariah-compliant mortgage loans are offered via an online marketplace.
|
|
| domain | founded_year | HQ Location |
End-to-end online brokerage services for residential property transactions are provided.
|
|
| domain | founded_year | HQ Location |
Residential mortgage loans are facilitated through an online marketplace.
|
|
| domain | founded_year | HQ Location |
Residential mortgages are offered via an online platform by Pineapple.
|
|
| domain | founded_year | HQ Location |
Mobile app providing mortgage calculators, advice, and broker connections for users.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Perch
Frequently Asked Questions about Perch
When was Perch founded?
Perch was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Perch located?
Perch is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is Perch a funded company?
Perch is a funded company, having raised a total of $4.79M across 2 funding rounds to date. The company's 1st funding round was a Seed of $792.97K, raised on Oct 07, 2021.
How many employees does Perch have?
As of Dec 31, 2024, the latest employee count at Perch is 19.
What does Perch do?
Perch is operated as an online mortgage brokerage platform in Canada, assisting users in finding and managing mortgages. Services are provided across various provinces including Ontario, British Columbia, Alberta, and Quebec. Solutions are offered for first-time buyers, homeowners, landlords, and investors through tools like mortgage calculators, pre-approval services, and personalized mortgage offers. The platform is designed to simplify the mortgage process with digital tools and insights into property values and mortgage rates. Support is extended through dedicated advisors available seven days a week, ensuring accessibility for all users.
Who are the top competitors of Perch?
Perch's top competitors include Manzil, Pinch Financial and Pineapple.
What products or services does Perch offer?
Perch offers Mortgage Search Engine, Mortgage Calculators, and Mortgage Pre-Approval.
Who are Perch's investors?
Perch has 4 investors. Key investors include Ontario Centre of Innovation, B.E.S.T. Funds, Second Century Ventures, and National Association of REALTORS®.