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Algoma grabs $2.3M to become the AI engine behind every real estate deal 
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Kira Colburn
Kira Colburn

We’re thrilled to announce that Algoma, a participant in our HAX startup development program has secured a $2.3M Seed round led by Zacua Ventures, with participation from SOSV, Iron Prairie Ventures, DOMiNO Ventures, Compose VC and a network of angel investors across AI, construction, and real estate.

Real estate is the world’s largest asset class, globally valued at over $600 trillion, yet much of it still runs on manual labor and outdated processes. The pain is most acute during pre-construction, where developers must navigate high-stakes decisions with fragmented information and little transparency.

Algoma’s AI-native real estate development platform helps developers turn an address into a deal, accelerating confident decision-making abilities by delivering site feasibility in minutes and at the fraction of the cost as traditional methods.

The Algoma platform includes:  

  • Instant zoning analysis  
  • Market intelligence   
  • Site-specific design massing  
  • Unit mix and layouts  
  • Pro-forma generation  
  • Visualization for investors and agencies  

Algoma’s founding team blends deep domain expertise across real estate, AI, and strategy:

  • Josef Bromovsky, CEO, has spent his career building technology at some of the world’s largest construction and infrastructure firms, focusing on digitizing early-stage planning and design. 
  • Kyle MertensMeyer, Chief Product Officer, is an award-winning design architect and AEC Entrepreneur whose design work spans five continents, focusing on materiality and sustainable systems. 
  • Seyfihan Usarer, COO, is a former McKinsey consultant and member of TikTok’s Monetization Strategy Team, with a background in leading digital transformations and scaling digital platforms. 

See their press release here and more in Tech Funding News.

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