About Propy
Propy is a company based in Palo Alto (United States) founded in 2015.. Propy has raised $2.7 million across 3 funding rounds from investors including Tim Draper and Second Century Ventures. Propy offers products and services including Propy AI, Crypto Escrow, and Onchain Deeds. Propy operates in a competitive market with competitors including Ten-X, LandVault, PEXA, Dotloop and Upland, among others.
- Headquarter Palo Alto, United States
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Sectors
Real Estate & ConstructionFinancial Services Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Propy, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.7 M (USD)
in 3 rounds
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Latest Funding Round
$1.5 M (USD), Series A
Nov 08, 2022
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Investors
Second Century Ventures
& 1 more
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Employee Count
Employee Count
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Products & Services of Propy
Propy offers a comprehensive portfolio of products and services, including Propy AI, Crypto Escrow, and Onchain Deeds. 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.
Reduces human work in real estate closings by enhancing efficiency.
Manages crypto down payments for secure real estate transactions.
Records property deeds on blockchain to prevent fraud.
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Funding Insights of Propy
Propy has successfully raised a total of $2.7M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $1.5 million completed in November 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 3
- Last Round Series A — $1.5M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series A - Propy | Valuation |
investors |
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| Sep, 2020 | Amount | Angel Round - Propy | Valuation | Tim Draper |
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| Jun, 2019 | Amount | Series A - Propy | Valuation | Second Century Ventures |
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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 Propy
Propy has secured backing from 2 investors, including angel and venture fund investors. Prominent investors backing the company include Tim Draper 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 |
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SaaS-based companies are invested in by Second Century Ventures.
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Founded Year | Domain | Location | |
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TD
Tim Draper |
Venture capitalist, founder of Draper Associates, early Bitcoin investor, active in India
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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 Propy
| 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 - Propy
| 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 |
Propy Comparisons
Competitors of Propy
Propy 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 Ten-X, LandVault, PEXA, Dotloop and Upland, 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 |
Commercial properties are discovered and traded via online platforms.
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| domain | founded_year | HQ Location |
Immersive 3D experiences and XR solutions are developed for enterprises.
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| domain | founded_year | HQ Location |
Transaction management platform for real estate professionals is provided.
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| domain | founded_year | HQ Location |
SaaS-driven transaction management software for real estate professionals
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| domain | founded_year | HQ Location |
A virtual property game is developed on the EOS blockchain.
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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 Propy
Frequently Asked Questions about Propy
When was Propy founded?
Propy was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Where is Propy located?
Propy is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is Propy a funded company?
Propy is a funded company, having raised a total of $2.7M across 3 funding rounds to date.
What does Propy do?
Propy was founded in 2015 in Palo Alto, United States, within the real estate technology sector. A SaaS-driven platform integrated with blockchain is utilized for transaction management. Services encompass offer handling, automated notifications, lead generation, document processing, and overall transaction oversight. Operations are supported by a monthly subscription model, facilitating efficient real estate dealings across relevant geographies.
What products or services does Propy offer?
Propy offers Propy AI, Crypto Escrow, and Onchain Deeds.
Who are Propy's investors?
Propy has 2 investors. Key investors include Tim Draper, and Second Century Ventures.
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