When was Proper founded?

Proper was founded in 2017 and raised its 1st funding round 1 year after it was founded.

Where is Proper located?

Proper is headquartered in Copenhagen, Denmark. It is registered at 21, Vissingsgade, Vejle, 7100.

Which legal entities is Proper associated with?

Proper is associated with ProperManaged ApS and 1 other.

How many employees does Proper have?

As of Sep 30, 2026, the latest employee count at Proper is 37.

Is Proper a funded company?

Proper is a funded company, having raised a total of $11M across 6 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Nov 20, 2018.

How much is Proper worth?

The latest valuation of Proper is $***** as of Jul 27, 2022.

When was the latest funding round of Proper?

Proper's latest funding was a $***** Series A round on Jul 26, 2022, with participation from 5 investors.

Where does Proper rank among its competitors?

Proper ranks 19th amongst 639 active competitors, of which 67 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was CredAluga, which secured $11.2M in Sep, 2025.

Who are the top competitors of Proper?

Proper's top competitors include Rentberry, Livly and Goodlord. Among them, CredAluga secured the most recent funding round in September, 2025.

Proper - 2026 Company Profile, Team, Funding, Competitors & Financials

Proper is a series A company based in Copenhagen (Denmark), founded in 2017 by Morten Krarup Kristensen and Jacob Funch. It operates as a Tech-first rental agency for commercial and residential real estate properties. Proper has raised $11M in funding from investors like ALFA Ventures, Byfounders and 14Peaks, with a current valuation of $*****. The company has 639 active competitors, including 67 funded and 22 that have exited. Its top competitors include companies like Rentberry, Livly and Goodlord.

Company Details

Tech-first rental agency for commercial and residential real estate properties. It offers an online platform through which property owners can manage their properties or outsource the administration work to the company. The users can manage tenant overview, tenant communication, payments & claims, regulations, reminders, contracts/documents, accounting, and bookkeeping. Services offered include legal termination, debt collection, rental regulations, tax adjustments, property maintenance, and tenant communication.

Website: helloproper.com/en-dk
Social
Email ID: *****@helloproper.com
Phone Number: +45 **********
Registered Address: 21, Vissingsgade, Vejle, 7100

Key Metrics

Founded Year

2017

Location

Copenhagen, Denmark

Stage

Series A

Total Funding

$11M in 6 rounds

Latest Funding Round

Series A, Jul 26, 2022, $*****

Post Money Valuation

$***** as on Jul 27, 2022

Investors

ALFA Ventures & 14 more

Ranked

19^th among 639 active competitors

Employee Count

37 as on Sep 30, 2026

Similar Companies

Rentberry & 812 more

View Proper's full profile

Proper is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Proper Ejendomme ApS CIN: 37819069 , Denmark, Active	Jun 19, 2016	-	2 (As on Mar 31, 2024)
ProperManaged ApS CIN: 39016869 , Denmark, Active	Oct 16, 2017	-	15 (As on Nov 30, 2024)

Proper has raised a total funding of $11M over 6 rounds. Its first funding round was on Nov 20, 2018. Its latest funding round was a Series A round on Jul 26, 2022 for $*****. 5 investors participated in its latest round. Proper has 12 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of Proper:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 26, 2022	3013185	Series A	1061129	1498354	6597841	7558402
Feb 21, 2021	1683071	Seed	6356862	1125728	2900481	PreSeed Ventures & 3 more
Apr 03, 2020	8189187	Seed	1460481	3746492	6033001	6005233

Access funding benchmarks and valuations. Sign up today!

View details of Proper's funding rounds and investors

The founders of Proper are Morten Krarup Kristensen and Jacob Funch.

Here are the details of Proper's key team members:

Morten Krarup Kristensen: Co-Founder of Proper. They serve on the board of 1 company.
Contact Info: 1 email address
Jacob Funch: Co-Founder of Proper. They serve on the board of 1 company.
Contact Info: 1 email address

Proper's Board of Directors

Proper's board has 8 active members. Morten Krarup Kristensen and Jacob Funch are part of team and Steen Bottzau Haunstrup, Sara Maria Liliane Rywe, Sebastian Gschwender, Anders Dalskov, Alexander ViterboHorten and Ole Markussen are independent board members.

Here is the list of Proper's board of directors:

Name	Type	Representing	Status	Duration
Morten Krarup Kristensen	Team	-	Current	6y 6m
Jacob Funch	Team	-	Current	7y 10m
Steen Bottzau Haunstrup	Independent board member	-	Current	6y 6m
enwmmct	Independent board member	-	Current	8y 7m
qoajwqw	Independent board member	-	Current	9y 6m
{hywotd	Independent board member	-	Current	9y 5m
gcqmqxj	Independent board member	-	Current	3y 3m
zoiypkg	Independent board member	-	Current	7y 3m

View details of Proper's Founder profiles and Board Members

Proper's employee count trend

Proper has 37 employees as of Sep 26. Here is Proper's employee count trend over the years:

Uncover Proper's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Proper include Rentberry, Livly and Goodlord. Here is the list of Top 10 competitors of Proper, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Rentberry 2015, San Francisco (United States), Series A	Provider of digital tools for managing rental properties and applications	$118M	Ericsson, IFC & 16 others	68/100
2nd	Livly 2017, Chicago (United States), Series A	Provider of a unified platform for property and resident management	$28M	OCA Ventures, Navitas Capital & 10 others	65/100
3rd	Goodlord 2014, London (United Kingdom), Series B	Cloud-based lettings management platform	$69.7M	Finch Capital, Highland Europe & 23 others	65/100
4th	Tenant Cloud 2014, Austin (United States), Acquired	Property Management System	$5.09M	User friendly Media, Keller Capital	64/100
5th	TurboTenant 2015, Fort Collins (United States), Series A	Landlord management software for owners, property managers	$10.2M	Crescendo Capital Partners, RET Ventures & 6 others	62/100
6th	Lavanda 2014, London (United Kingdom), Series B	SaaS-driven property management platform for vacation rental properties	$12.3M	Finch Capital, Henley Investment Management ... & 95 others	60/100
7th	Belong 2018, Palo Alto (United States), Series C	Online home rental listing platform for residential properties	$105M	Fifth Wall, Comerica & 20 others	58/100
8th	RentSpree 1996, Los Angeles (United States), Series B	SaaS-driven rental management solution for property owners & managers	$28M	645 Ventures, Green Visor Capital & 11 others	57/100
9th	CredAluga 2022, Sao Paulo (Brazil), Series A	Provider of financial guarantee products for residential real estate rentals	$15.1M	Caravela Capital, Provence Partners & 4 others	55/100
10th	Azuro 2015, Mumbai (India), Acquired	Provider of rental property management software for property owners	$327K	Kae Capital, Kalysta Capital Fund II & 1 others	54/100
19th	Proper 2017, Copenhagen (Denmark), Series A	Tech-first rental agency for commercial and residential real estate properties	$11M	ALFA Ventures, 2150.VC & 13 others	44/100