Fundraising Fox
Proper
Founded 2017 · 17 known investors
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Proper provides outsourced property accounting services delivered by expert accountants using custom AI-powered tooling. It serves property management companies handling residential, HOA, student housing, and unique asset classes, with pricing billed per unit or square foot.
Also known as Proper Technologies, Inc. · proper.ai
Founders & leadership
Proper was founded in 2017 by Mark Rojas.
Investors · 17
How we know: Bling Capital's portfolio page · the VCSheet dataset · Not right? Tell us
How we know: the VCSheet dataset · Not right? Tell us
How we know: the VCSheet dataset · Not right? Tell us
How we know: ITERATIVE's portfolio page · Not right? Tell us
How we know: Locus Ventures's portfolio page · the VCSheet dataset · Not right? Tell us
How we know: the VCSheet dataset · Not right? Tell us
How we know: qedinvestors.com · Not right? Tell us
How we know: Vesey Ventures's portfolio page · the VCSheet dataset · Not right? Tell us
How we know: funding news · Not right? Tell us
How we know: funding news · Not right? Tell us
Funding
SEC filings, press & company announcements- Undisclosed amountseed roundJun 2022
Redpoint Ventures (lead), BoxGroup, Mischief, Y Combinator
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026Proper (Proper Technologies, Inc.) is an outsourced property accounting provider that positions itself as a service rather than a software product, describing itself as an external accounting team supported by internally built AI tooling. The company performs bookkeeping and accounting work for property management operators across a range of asset classes, including single-family and multifamily residential, homeowner associations, commercial property (healthcare, industrial, office, retail and storage), co-ops, mobile home communities, short-term rentals and student housing.
Proper's accountants work inside the property management systems its clients already use, with the company listing support for platforms such as AppFolio, Buildium, Entrata, MRI, NetSuite, PropertyWare, QuickBooks Desktop and Online, RealPage, RentManager, Resman, and Yardi Breeze and Voyager, as well as clients operating without dedicated software. Engagements are supported by a dedicated onboarding and support team, and the company states that flexible contracts are offered with no onboarding fees. Proper markets cost reductions of up to 30-50% versus in-house property accounting.
Business model
Proper sells an ongoing outsourced accounting service staffed by its own accountants and augmented with proprietary AI tooling, working within clients' existing property management software rather than requiring migration to a new platform.
Pricing is billed per unit, or per square foot for commercial portfolios, on a month-to-month basis, with flexible contracts and no onboarding fees.
Traction
The company publishes a customer testimonial from Michael Johnson, President of PMI Commonwealth, citing time savings from using the service.
▸Full profile — market position, technology, go-to-market, geography
Market position
The company explicitly distinguishes itself from software vendors, presenting a human expert accounting team drawn from large accounting organizations combined with AI tooling, coverage of less common asset classes, per-unit or per-square-foot pricing, and month-to-month contracts without onboarding fees.
Technology
Custom AI-powered internal tooling used by Proper's accountants, which the company says improves precision and timeliness; the service operates across a broad set of third-party property management and accounting platforms.
Go-to-market
Inbound lead capture via a free consultation request form on its website that qualifies prospects by asset class, door or square-footage count and accounting software in use, supported by a customer referral program and published articles.
Property management companies, with the company indicating suitability for operators managing roughly 250 to 50,000+ doors or 15,450+ commercial square feet, spanning residential, HOA, commercial, student housing, co-op, mobile home and short-term rental portfolios.
Geography
Headquartered in San Francisco, California, at 2021 Fillmore St #9322, San Francisco, CA 94115.
Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Founder mafia
3 people who came through Proper went on to found or lead other companies.
▸Research sources · 1
primary sources listed
- Properproper.ai · web
1 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Proper do?
- Proper provides outsourced, AI-assisted property accounting services for property management companies.
- Who founded Proper?
- Proper was founded by Mark Rojas in 2017.
- Who are Proper's investors?
- Proper's investors include Bling Capital, Expa, FJ Labs, Flucas Ventures, ITERATIVE, Locus Ventures, MetaProp, MetaProp Ventures and 9 more.