HonestDoor operates an online platform that provides estimated property valuations (AVMs) for houses and condos using real estate data, machine learning, data science, and a team of data analysts. The company aggregates property taxes, transaction and permit data, neighbourhood growth rates, home assessments and other insights to give realtors and homeowners comprehensive market information. HonestDoor was founded in 2018 by Daniel Belostotsky, who serves as founder and CEO, and is based in Edmonton, Alberta. It is currently the go-to resource for users in British Columbia, Alberta (including commercial property insights) and Manitoba. HonestDoor raised CAD$2.2M in seed funding and intends to use the proceeds to scale its platform to deliver on-demand AVMs across Canada and to test its model in select U.S. markets. The product aims to help realtors and prospective homeowners make informed decisions through trends and predictive rental and resale metrics. Honestdoor is an Edmonton-based proptech startup that provides real estate data to brokers, consumers, and financial institutions. Its platform uses machine learning algorithms to calculate weekly values and statistics on properties — including homes, condos, and empty land — and to predict mortgage renewal dates and lender information. The technology is used by financial institutions and real-estate professionals; Honestdoor is operational in 19 cities in Alberta and is piloting a mortgage system with brokers and banks. The company launched last June and was bootstrapped until this financing. Honestdoor raised $500,000 in its first round to scale its product and team and to expand to new cities, with the raise positioned as preparation for a larger future round. During the COVID-19 pandemic the company offered free advertising on its site to Alberta businesses affected by or helping during the crisis.

Total raised

$2M

Funding rounds

2

Latest round

Seed

Latest activity

Mar 2022