United States · Series B startup

Who invested in Properly

3 rounds we have observed, with the 12 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

InternetProptechReal Estate

Funding summaryUpdated 26 Oct 2026

$52Mraised across 3 rounds since 2018, from 3 sources

$1.5MSeed$22MSeries A$28MSeries B
Latest round
Series B, $28MAug 2022
Step-upi
1.3×
Investors
12 (4 led)
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019202020212022
$1.5MSeed$22MSeries A$28MSeries B
First round
Seed, $1.5M
Oct 2018
Biggest round
$28M
Series B · Aug 2022
Usual gap between rounds
3 years
the median of 2

The rounds

  1. Aug 2022
  2. Aug 2019
    Series A$22M4 new

    Reported by FinSMEs

  3. Oct 2018
    Seed$1.5M2 new

    Reported by Prweb

Founders and team

From Properly's own website: 3 on the team.

  • Justin HerlickChief Executive Officer
  • Brian MartinChief Financial Officer
  • Jonathan ShihChief Technology Officer

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Everyone who backed them

FJ LabsVC firm2rounds, led 1
Lerer HippeauVC firm1round, led 1
NextView VenturesVC firm1round, led 1
PrudenceVC firm1round, led 1
Y CombinatorAccelerator1round
Inovia CapitalVC firm1round
AlleyCorpVenture studio1round
Golden VenturesVC firm1round
1984 VenturesVC firm1round
Max VenturesVC firm1round
Kevin Ryan of AlleyCorpno record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

This firm lists Properly as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

Parker89Corporate VCPer its own site

Quick answers about Properly

Who invested in Properly?

Properly's investors include FJ Labs, Lerer Hippeau, NextView Ventures, Prudence and Y Combinator, and 7 more on record.

How much has Properly raised?

Properly has raised $52M across 3 rounds since 2018.

When did Properly last raise?

Properly's most recent round was a Series B of $28M in Aug 2022.

What was Properly's biggest round?

Its most recent round, $28M in Aug 2022, is also its largest on record.

Who backed Properly first?

Properly's first round on record, in Oct 2018, was backed by Lerer Hippeau and NextView Ventures.

What stage is Properly at?

Properly's latest named round is a Series B, in Aug 2022.

Where is Properly based?

Properly is based in the United States.

Who led Properly's rounds?

Lerer Hippeau led the Seed in 2018; FJ Labs led the Series A in 2019.

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