Shared 16 May, 2025
Algoma, the AI-native real estate development platform that helps real estate developers turn an address into a deal, today announced it has raised $2.3M in seed funding. Founded by three Harvard graduates, Algoma’s funding round was 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.
Algoma plans to invest the funds in expanding its engineering team, enriching its product suite, and advancing its web platform. “We invested in Algoma because they’re solving a foundational problem in the built environment, bringing speed, structure, and confidence to site selection and feasibility. Their platform empowers developers and contractors to make smarter decisions earlier, and we believe it will become an essential part of how the industry evaluates and executes new projects,” said Vivin Hegde, General Partner at Zacua Ventures.
“Our team understands the complexity of site analysis firsthand given we have spent our careers navigating it, zoning codes are buried in PDFs, developers rely on dozens of consultants, and they spend thousands of dollars and weeks, if not months, just figuring out if a site is viable,” said Josef Bromovsky, Co-Founder and CEO of Algoma. “They try to stitch together spreadsheets, email threads, and rough pro formas, only to find that the opportunity has already passed by the time they reach a decision. That’s why we built Algoma: to bring the speed, clarity, and intelligence that today’s developers deserve.”
“We’re giving real estate developers superpowers, helping them get investor-ready presentations in just a few days,” said Seyfihan Usarer, Co-Founder and COO of Algoma. “By democratizing feasibility studies, we are enabling developers to move faster, evaluate more deals, and make better decisions with less risk. The result is more projects breaking ground, and more housing entering the pipeline.”
“Real estate has long been an antiquated industry, slow to change and reliant on ‘back of the envelope’ calculations,” said Kyle MertensMeyer, Co-Founder and CPO of Algoma. “We knew there was a better way. By deeply engaging with our users and building around their specific needs, we’ve focused our product on the real pain points, reducing risk for developers and earning trust in the process. That’s how we’re building long-term loyalty for Algoma.”
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BuiltAPI GmbH, the company pioneering API-driven data infrastructure for real estate investment and asset management, has successfully closed its latest funding round backed by industry leaders including Second Century Ventures, TDS, and Propertymark. The investment marks a major milestone as BuiltAPI expands its services across Europe and the UK, following its graduation from the REACH UK Accelerator Program.
BuiltAPI tackles one of the real estate sector’s most persistent problems: fragmented, siloed data ecosystems. The company provides a robust API framework that enables seamless connectivity between legacy systems, modern SaaS tools, and intelligent automation platforms — with interoperability, governance, and cybersecurity at its core.
“We’re building the backbone of real estate data infrastructure,” said Olga Dentzel, Co-Founder of BuiltAPI. “This funding and the support of the REACH UK program are accelerating our ability to deliver secure, scalable integrations to clients across borders.”
BuiltAPI’s technology is already making an impact with major real estate institutions such as HIH Real Estate and its fund service platform INTREAL, through their digital unit INTREAL Solutions. These collaborations highlight a shared vision for practical and scalable digital transformation in real estate asset and investment management.
“The industry doesn’t need yet another tool — it needs a connective tissue,” added Ivan Nokhrin, Co-Founder of BuiltAPI. “Our mission is to empower real estate professionals to access, share, and act on their data securely and without barriers.”
Graduation from the REACH UK Accelerator — the scale-up program backed by Second Century Ventures – marks BuiltAPI’s official entry into the UK market. The program has played a key role in unlocking investors support and refining BuildAPI’s growth trajectory.
BuiltAPI GmbH, the company pioneering API-driven data infrastructure for real estate investment and asset management, has successfully closed its latest funding round backed by industry leaders including Second Century Ventures, TDS, and Propertymark. The investment marks a major milestone as BuiltAPI expands its services across Europe and the UK, following its graduation from the REACH UK Accelerator Program.
BuiltAPI tackles one of the real estate sector’s most persistent problems: fragmented, siloed data ecosystems. The company provides a robust API framework that enables seamless connectivity between legacy systems, modern SaaS tools, and intelligent automation platforms — with interoperability, governance, and cybersecurity at its core.
“We’re building the backbone of real estate data infrastructure,” said Olga Dentzel, Co-Founder of BuiltAPI. “This funding and the support of the REACH UK program are accelerating our ability to deliver secure, scalable integrations to clients across borders.”
BuiltAPI’s technology is already making an impact with major real estate institutions such as HIH Real Estate and its fund service platform INTREAL, through their digital unit INTREAL Solutions. These collaborations highlight a shared vision for practical and scalable digital transformation in real estate asset and investment management.
“The industry doesn’t need yet another tool — it needs a connective tissue,” added Ivan Nokhrin, Co-Founder of BuiltAPI. “Our mission is to empower real estate professionals to access, share, and act on their data securely and without barriers.”
Graduation from the REACH UK Accelerator — the scale-up program backed by Second Century Ventures – marks BuiltAPI’s official entry into the UK market. The program has played a key role in unlocking investors support and refining BuildAPI’s growth trajectory.
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