Mave, a Toronto, Canada-based AI assistant for real estate, raised CAD$2m in pre-seed funding.
The round was led by Relay Ventures and N49P with participation from Alate Partners, Clarim Ventures, and Gambit Partners, along with several angel and strategic investors including a past-president of the Toronto Real Estate Board.
The company intends to use the funds to expand operations and its business reach.
Led by founder and CEO Raz Zohar, Mave is an AI startup that empowers real estate agents and brokerages to deliver enahnced client service and grow their brands. As an AI assistant for real estate, Mave automates tasks and handles the back-end marketing and operations of real estate transactions, freeing agents to provide improved customer service, acquire new clients, and grow their business.
The company launched its beta program for agents and brokers. While Mave has been operating in stealth mode, it has already attracted interest from over 6,000 real estate agents across more than 90 brokerages in the GTA. From this pool of prospective users, the company has selected 1,000 to initially onboard as part of its beta program.
Among the first beta customers is PSR Brokerage, a luxury boutique real estate firm with over 150 agents in Southern Ontario, including Toronto, Muskoka, Forest Hill, Vaughan, and Port Credit. The brokerage specializes in resale and pre-construction sales, supported by high-end marketing services for its clients.
FinSMEs
25/10/2024