Proper Raises $9M in Series A Funding
Summary
Proper, a San Francisco, CA-based automated accounting and bookkeeping service for property managers, raised $9m in Series A funding. The round, which brought the total amount raised to $13.8m, was led by QED, with participation from existing investors MetaProp, Expa, and Bling Capital, In conjunction with the funding, Matt Risley, partner at QED, joined Proper’s board. Led by Mark Rojas, founder and CEO, Proper provides property managers and asset managers with an automated accounting & bookkeeping service, which includes accounts payable, bank reconciliations, accounts receivable, and owner payments and statements. The company intends to use the funds to investment to accelerate the development of its automated accounting technology, build a new customer-facing platform, and hire strategic talent across all functions. Hiring priorities include leadership for Operations, Sales, Marketing, HR, and Recruiting.
Funding
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