oronto-based Proptech startup Naborly, which had developed a platform for residential tenant screening and credit building for tenants, has raised a $9.9 million CAD ($7.5 million USD) seed round.

The new funding will be put toward product development, specifically its product NaborlyShield, a digital service created to guarantee rental income and lease terms for landlords and tenants, which is also now launching across the US and Canada. The round was led by First Round Capital‘s Bill Trenchard and Susa Ventures‘ Chad Byers, with participation from Joe Montana’s Liquid 2, Village Global VC, Assurant Insurance, and Third Prime.