skip to Main Content
bitcoin
Bitcoin (BTC) $ 98,589.41 5.45%
ethereum
Ethereum (ETH) $ 3,490.95 3.95%
tether
Tether (USDT) $ 1.00 0.13%
xrp
XRP (XRP) $ 2.32 6.33%
bnb
BNB (BNB) $ 695.05 2.23%
solana
Solana (SOL) $ 196.07 6.31%
dogecoin
Dogecoin (DOGE) $ 0.333876 6.77%
usd-coin
USDC (USDC) $ 1.00 0.24%
staked-ether
Lido Staked Ether (STETH) $ 3,481.74 3.78%
cardano
Cardano (ADA) $ 0.935789 5.22%

On-Chain Real Estate Startup Propy Raised $1.2M in Draper-Backed Round

Blockchain-based real estate startup Propy raised at least $1.2 million in a recent funding round that included Tim Draper and Michael Arrington.

  • Propy, which seeks to digitize the real estate transaction process, said in Sept. 15 SEC filings it still intends to raise an additional $500,000 for a total round of $1.7 million.
  • “They have thought through the entire transition from an antiquated system of real estate, from sale to title, to a blockchain based automated one,” Draper told CoinDesk.
  • The serial tech ventures investor did not answer CoinDesk’s questions regarding his stake in Propy.
  • Second Century Ventures’ REACH incubator and Escrow Agent Japan also joined Draper and Arrington in the round.
  • “Nobody believes transaction automation can happen any time soon, but our backers bet on this opportunity now,” Propy CEO Natalia Karayaneva told CoinDesk. 
  • TechCrunch previously revealed Draper’s involvement but left the round’s size a mystery.
Loading data ...
Comparison
View chart compare
View table compare
Back To Top