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.” (View Highlight)
“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.” (View Highlight)
