Ownly, a Calgary start-up, is hoping to change the way Canadians purchase new homes. Traditionally, buyers hoping to purchase a new home visit burgeoning subdivisions, sauntering between model homes in the hopes of finding their ideal residence. This method turned what was already a stressful process, into a costly and time-consuming one.
Ownly hopes to simplify the entire industry by allowing developers to list and sell their inventory of new homes on its platform. This process benefits both consumers and developers. Consumers can view more options, become better informed about market conditions, and cut down on the search costs of finding a new home. Developers benefit by reaching more customers and cutting down on marketing costs. The company gets its revenue from charging builders a fee for listing their products on the site.
In October of 2022, the company raised $2.55 million CAD in seed funding from Calgary Bluesky Equities, the National Bank of Canada NAventures, and Garage Capital. Ownly is hoping to use the funds to expand its market from its current hub in Alberta to Ontario and several U.S. locations, including Florida, Texas, and Georgia.
The recent downturn in the Canadian housing market could be a double-edged sword for the company. On the one hand, a slowing housing market could mean fewer customers. On the other hand, a slumping market could be ripe for a disruptor looking to shake things up. Either way, 2023 should be an interesting year for Ownly, as the company tries to navigate multiple hurdles in its quest to revolutionize the way Canadians buy homes.
General Fusion, a Canadian startup, secured US$22 million (C$30 million) in financing to fuel its plans to produce commercially viable fusion power.The round was a “pay-to-play” deal in which existing…
On August 20th, Ranovus announced a C$100 million investment to develop and manufacture semiconductors at its Ottawa facility, expanding Ontario’s chip manufacturing capacity. In recent years, the…
Klarna is preparing for its long-awaited initial public offering, which has been approved to list on the New York Stock Exchange under the ticker symbol “KLAR.” Widely known as a buy now, pay later…
Toronto-based startup Waabi is shifting gears from research and development to commercialization, as founder Raquel Urtasun aims to bring autonomous trucking to market by the end of 2025.Waabi’s…
Garage, an online marketplace for emergency vehicles and equipment used by fire and EMS departments, announced a US$13.5 million Series A funding round led by Infinity Ventures. The round also…
Bluesky, a social network competitor of X, Threads and other open networks including Mastodon, is revisiting its community guidelines and other user policies to provide more clarity around user safety…
