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Addy
Real estate investment platform
- 21-100 employees
- Fintech
- B2C
- Investing
- Real Estate
- Crowdfunding
- Kitsilano, Vancouver, BC
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Company mission
To enable every human to own property.
Our take
Property is a hot commodity in Canada’s blistering real estate market, but accessing this investment opportunity involves overcoming high barriers to entry.
Addy removes the most important of those barriers - capital - by enabling Canadians to crowdfund ownership of real estate on the Canadian market. Upto now, Addy has typically prioritised commercial properties in the $5-50m range.
The company is now looking to diversify its portfolio of properties. One angle it is looking to pursue is the development of socially impactful affordable housing that aligns with the values of its largely Gen-Z customer base.
Addy now faces competition from a growing number of rivals, including Ontario-based BuyProperly, NexusCrowd, RealtyShares and Fundrise. And the companies all offer variations on the same theme: buying ownership in property for a fraction of the cost.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- 🏖️ Office in the heart of Kitsilano
- 🐷 Investment matching program
- 🩹 Extended benefits package, including Health Spending Account
- ✈️ Travel is in our DNA and we offer many opportunities for offsite retreats (when it’s safe to do so, of course!)
- 📅 Regular company-wide & team events
- 📚 Annual learning benefit
- 🍎 Snacks, fruit, and a wide selection of drinks are available in our kitchen
Company values
- Empathy - We have the ability to understand and share the feelings of another.
- Curiosity - We are curious and always on the hunt for improvement. Every day and every way, we are better and better
- Win-Win or No Deal - For everything that we do, it is a win-win situation or no deal
Funding (1 round)
Dec 2021
$0.4m
SEED
Total funding: $0.4m
Leadership
Jeff Booth
(Chairman of the Board)Drawing on their background as a builder, Jeff co-founded BuildDirect in 1999 which grew to become the Amazon of home improvement industry. Jeff is also a book author with 2020's The Price of Tomorrow – Why Deflation is Key to an Abundant Future.
Michael Stephenson
(CEO)Mike co-founded their first company Combustion Hosting in 2000, (acquired in 2006). They later founded Ubertor Realtor Software (acquired in 2013), OutsourcingThingsDone.com in the Philippines, PayrollHero, and Instant Messaging Real Estate Corp.
Stephen Jagger
(CRO)Stephen started his entrepreneurial journey in 2000 when he and long time business partner Mike Stephenson setup Combustion Hosting (acquired ’06), followed by Ubertor Realtor Software (acquired ’13), OutsourcingThingsDone.com, PayrollHero, and Instant Messaging Real Estate Corp.