Funding Details
- Awarder
- RSS - theaiinsider.tech
- Date Award
- May 19, 2025
- Vertical
- PropTech
- Funding URL
- View Funding Page
Company Info
- Traction
- Algoma helps small and mid-sized developers make faster, more informed decisions, enabling more projects to break ground and more housing to enter the pipeline.
- Founders
- Josef Bromovsky, Seyfihan Usarer, and one other Harvard graduate
- Company Description
- Algoma is an AI-powered development platform that automates pre-construction services for real estate developers. The platform streamlines feasibility analysis, zoning research, financial modeling, and early-stage design into one cohesive workflow, helping developers deliver housing faster and at a lower cost.
- Market
- Real Estate Development
- Location
-
USA
- Coinvestors
- Zacua Ventures, SOSV, Iron Prairie Ventures, DOMiNO Ventures, Compose VC
Links