Proptech startup Requity Homes has raised C$26 million in equity and debt funding. The round was led by Highline Beta and technology executive Sam Sun.
Proptech startup Requity Homes has secured C$26 million in equity and debt financing in a round led by Highline Beta and technology executive Sam Sun. Requity Homes aims to make homeownership more accessible by providing an alternative to traditional mortgages. The company offers a shared ownership model, allowing homeowners to purchase a portion of their home and then gradually buy out Requity’s stake over time.
The funding will be used to expand Requity’s services and invest in technology infrastructure. The company plans to launch in additional Canadian cities and eventually expand into international markets. Requity will also use the funds to hire new talent and strengthen its team.
Requity Homes has a unique approach to homeownership that targets a specific demographic. The company focuses on helping young professionals and first-time homebuyers who may not have the financial means to purchase a home outright. By allowing homeowners to gradually buy out Requity’s stake in their property, the company aims to make homeownership more attainable and affordable.
The shared ownership model offered by Requity Homes has the potential to disrupt the traditional mortgage industry. By providing an alternative to conventional mortgages, Requity is addressing the needs of a growing market segment that is often overlooked by traditional lenders. The company’s approach also aligns with the changing preferences of younger consumers who are looking for alternative ways to build wealth and achieve homeownership.
Highline Beta’s involvement in the funding round is a significant endorsement of Requity Homes’ business model. As a venture capital firm focused on investing in innovative startups, Highline Beta’s support indicates the potential for growth and success in the proptech space. The participation of technology executive Sam Sun further strengthens Requity’s position in the market.
With the new funding, Requity Homes is well-positioned to continue its expansion and help more individuals and families achieve their dream of homeownership. The company’s shared ownership model has the potential to revolutionize the real estate industry and make homeownership more accessible for a wider range of individuals.
