About Proper
Proper is a company based in Copenhagen (Denmark) founded in 2017 by Jacob Funch and Morten Krarup Kristensen. It operates as a SaaS (Software-as-a-Service). Proper has raised $11.05 million across 6 funding rounds from investors including ALFA Ventures, 14Peaks and Byfounders. The company has 15 employees as of November 30, 2024. Proper offers products and services including Property Management Platform, Rent Collection Automation, and Tenant Communication Tools. Proper operates in a competitive market with competitors including Rentberry, TurboTenant, SingleKey, Howsy and Avail, among others.
- Headquarter Copenhagen, Denmark
- Employees 15 as on 30 Nov, 2024
- Founders Jacob Funch, Morten Krarup Kristensen
- Stage Minicorn
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Sectors
Real Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Proper Aps
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Annual Revenue
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Net Profit
$205.12 K (USD)37as on Dec 31, 2022
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EBITDA
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Total Equity Funding
$11.05 M (USD)
in 6 rounds
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Latest Funding Round
$3.31 M (USD), Series A
Jul 26, 2022
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Investors
ALFA Ventures
& 8 more
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Employee Count
15
as on Nov 30, 2024
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Products & Services of Proper
Proper offers a comprehensive portfolio of products and services, including Property Management Platform, Rent Collection Automation, and Tenant Communication Tools. 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.
Automated property management is provided for landlords efficiently.
Rent collection is streamlined automatically for user convenience.
Tenant communication is facilitated through automated reminders effectively.
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Funding Insights of Proper
Proper has successfully raised a total of $11.05M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $3.31 million completed in July 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 6
- Last Round Series A — $3.3M
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First Round
First Round
(20 Nov 2018)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Series A - Proper | Valuation | 14Peaks , ALFA Ventures | |
| Feb, 2021 | Amount | Seed - Proper | Valuation | Byfounders | |
| Apr, 2020 | Amount | Seed - Proper | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Proper
Proper has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include ALFA Ventures, 14Peaks and Byfounders. 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 |
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Founded Year | Domain | Location | |
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Early-stage centric VC firm investing primarily in the Nordics
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Founded Year | Domain | Location | |
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Building new ventures, funding SaaS spin-outs, and providing entrepreneurship education.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Proper
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Proper
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Proper Comparisons
Competitors of Proper
Proper 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 Rentberry, TurboTenant, SingleKey, Howsy and Avail, 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 |
Digital platform for worldwide apartment rentals is provided.
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| domain | founded_year | HQ Location |
Online property management software is offered to landlords and managers.
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| domain | founded_year | HQ Location |
Rental property management software is delivered via SaaS for landlords.
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| domain | founded_year | HQ Location |
SaaS-driven rental management platform for owners and property managers
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| domain | founded_year | HQ Location |
Tech-first solutions for rental property management are provided.
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| domain | founded_year | HQ Location |
SaaS-driven rental management software for tenants, owners, and rental managers
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Proper
Frequently Asked Questions about Proper
When was Proper founded?
Proper was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Proper located?
Proper is headquartered in Copenhagen, Denmark.
Is Proper a funded company?
Proper is a funded company, having raised a total of $11.05M across 6 funding rounds to date. The company's 1st funding round was a Seed of $1.87M, raised on Nov 20, 2018.
How many employees does Proper have?
As of Nov 30, 2024, the latest employee count at Proper is 15.
What does Proper do?
Property management tasks are automated through a dedicated platform by Proper. Landlords are supported in rent collection, tenant communication, and compliance with regulations like GDPR and rent acts. Operations across Denmark, Netherlands, and Germany are covered, targeting small to mid-sized businesses and enterprises. Real-time data management and integration with existing tools are provided to streamline administrative processes. The focus is placed on reducing manual errors and saving time for property managers.
Who are the top competitors of Proper?
Proper's top competitors include Rentberry, TurboTenant and Poplar Homes.
What products or services does Proper offer?
Proper offers Property Management Platform, Rent Collection Automation, and Tenant Communication Tools.
Who are Proper's investors?
Proper has 9 investors. Key investors include ALFA Ventures, 14Peaks, Byfounders, PreSeed Ventures, and Mads Ditlevsen.
What is Proper's valuation?
The valuation of Proper is $4.12M as of Apr 2019.
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