Parvis Invest, a Canadian real estate investing proptech startup, today announced closing a $2.6 million seed round led by Gravitas Securities, according to a press release.
The company says it will use the funding to launch its blockchain-backed platform, which aims to “modernize and simplify the investing process while unlocking exciting real estate opportunities previously unavailable to the average investor.”
“Access to institutional real estate investment has long been an opportunity reserved for an elite few, and the industry is ripe for technological disruption … The capital will fuel our investment in technology, and help create the platform and secondary marketplace that will allow the industry to evolve in exciting ways,” stated David Michaud, Parvis co-founder and CEO.
Parvis provides both a technology platform and marketplace, which it says enables investors to pursue real estate assets and access liquidity through its secondary market.
The company also connects investors and developers,, with a direct-to-investor platform set to launch this summer, and currently provides a partner program to better integrate the supply side of the business.
“The timing of our launch is perfect. Investors are increasingly looking to find refuge from inflationary pressures in the economy in solid real estate investment opportunities that combine liquidity and diversification,” stated Drew Green, co-founder and Chairman of Parvis, in the release.
“These are fast-changing times in PropTech, and with Parvis, we are on the leading edge of the transformation,” Green said.
Gravitas Securities, an IIROC-licensed investment bank who led the round, also sits as Parvis’ financial advisor and has established a multi-year partnership with the startup to propel strategic scaling growth.