Requity Homes Announces $26M Financing to Make Homeownership More Accessible

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TORONTO — Requity Homes, a property technology firm based in Toronto, Ontario with the mission to make homeownership more accessible, announced the closing of $26 million in equity and debt financing. Co-led by Highline Beta and experienced tech executive and angel investor Sam Sun, the equity financing round also included continued participation from major investor Boardwalk Investment Ltd (Kolias Family Office), Conconi Growth Partners and several angel investors, with new participants including Archangel Adrenaline Fund. Mike Dobbins, a prominent financial services executive & investor made a follow-on investment and was appointed to the Requity Homes’ board of directors.

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Millions of Canadians make consistent monthly rent payments and have the cash flow to afford a home but still cannot qualify for a mortgage. They might be newcomers lacking Canadian credit history, small business owners and gig economy workers facing challenges in getting their income recognized, or families with fair credit scores. Regardless of their situation, they find themselves unable to access homeownership via traditional channels, leaving many Canadians extremely frustrated and out of the housing market.

Requity Homes is pioneering a modernized rent-to-own program that is breaking down the barriers to homeownership. Traditionally, Canadians were restricted to either being homeowners or renters. Requity Homes introduces a third option, allowing Canadians to rent and save for their dream homes with the option to purchase at a guaranteed price.

“We’re excited to continue supporting Requity Homes and its social mission to make homeownership more accessible for an underserved customer segment,” said Ben Yoskovitz, founding partner at Highline Beta.

“Requity Homes is helping to tackle the homeownership gap by putting financial education front and center in its clients’ experience. Every part of the program, from credit coaching to rent reporting, is…