Algoma Raises $2.3M Seed Round to Become the AI Engine Behind Every Real Estate Deal

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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