Perch locks in $4m in Series A financing

Perch

Perch, a Canadian FinTech that aims to help consumers build wealth through real estate, has bagged $4m in a Series A round.

The round was headed by Second Century Ventures and saw participation from B.E.S.T Funds, Ontario Centre of Innovation and REALTORS.

Founded in 2018, Perch claims it helps people manage their home investments with its analytics-driven digital platform – from buying, to mortgage renewals, and refinancing.

Alongside the firm’s dedicated support of a team of real estate and mortgage professionals, users can collaborate and take control of their homeownership journey. Perch currently operates in all provinces and territories across Canada.

According to Perch, it intends to use the newly raised capital to continue scaling and growing its operations team.

Real estate investment platform Stake recently raised $8m in its oversubscribed pre-Series A funding round.

The investment was backed by MEVP, BY Ventures, Vivium Holding and Combined Growth Real Estate.

Stake will use the fresh capital to deepen its technology and product, upscale its brand and expand operations in the MENA region.

Based in Dubai, Stake’s mission is to enable a borderless, liquid and accessible market for quality real estate investments. The company boasts 42,000 users from over 80 countries and 150 nationalities.

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