Proper
Proper Technologies, Inc. provides specialized property management accounting and bookkeeping services powered by automation technology and a team of expert accountants from top accounting organizations. Their services cover accounts payable, accounts receivable, trust accounting, and best practices for property managers and real estate developers managing residential, commercial, and unique asset classes such as co-ops and short-term rentals. Proper offers scalable, per-unit or per-square-foot pricing with flexible contracts and no onboarding fees. The company supports property managers managing portfolios from 250 to over 50,000 doors or 15,450k+ commercial square feet, helping them save up to 50% on accounting costs while improving precision and timeliness through AI-powered tools. Proper has a strong onboarding process and ongoing support to optimize accounting workflows and software, enabling clients to focus on growing their businesses.
Proper
Proper Technologies, Inc. provides specialized property management accounting and bookkeeping services powered by automation technology and a team of expert accountants from top accounting organizations. Their services cover accounts payable, accounts receivable, trust accounting, and best practices for property managers and real estate developers managing residential, commercial, and unique asset classes such as co-ops and short-term rentals. Proper offers scalable, per-unit or per-square-foot pricing with flexible contracts and no onboarding fees. The company supports property managers managing portfolios from 250 to over 50,000 doors or 15,450k+ commercial square feet, helping them save up to 50% on accounting costs while improving precision and timeliness through AI-powered tools. Proper has a strong onboarding process and ongoing support to optimize accounting workflows and software, enabling clients to focus on growing their businesses.
TL;DR
Core offering: AI-augmented property accounting and bookkeeping delivered as a staffed service
Target customers: Property managers and real estate owners with portfolios ~200+ units or significant commercial sqft
Founded / HQ: San Francisco–based (Proper Technologies, Inc.)
Funding: Raised at least a $9M Series A (2021); later Series B reported in 2024
Company Overview
Problem Domain
Property management accounting and bookkeeping for residential, commercial, and specialized asset classes (co-ops, short-term rentals).
Industry
Property management / FinTech (accounting services)
Funding Track Record
9000000.00
Series A reported to bring total to $13.8M at the time; participating investors included MetaProp, Expa, and Bling Capital.
Crunchbase records a Series B closed on this date; total funding reported in evidence as $32,800,000.
Investor Signal
“QED led the Series A; participating investors in that round included MetaProp, Expa, and Bling Capital”