# Algoma

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/algoma

- Industry: Software
- Headquarters: Brooklyn, US
- Website: www.algoma.co/
- Total disclosed funding: $2.3M
- Latest round: Seed (May 15, 2025)
- Investors on record: 5

## About

Founded in 2023 by co-founders Josef Bromovsky, Kyle MertensMeyer, and Seyfihan Usarer and based in New Jersey, US, Algoma Inc., automates real estate development processes to improve decision-making and reduce costs for developers. In November 2024, Algoma Inc. raised USD 1.88 million in venture funding.

Algoma Inc.'s core offerings include real-time feasibility studies and financial performance analysis, providing developers with comprehensive insights and projections in under 48 hours. By utilising reusable data sets and digital libraries, the company streamlines feasibility studies, enhances financial forecasting, and optimizes resource allocation. Algoma targets a diverse client base, including real estate developers and construction firms across various geographical markets, with a notable presence in the United States.

## Funding rounds

- Seed, May 15, 2025, $2.3M — SOSV, Zacua Ventures, DOMiNO Ventures, Iron Prairie Ventures, ComposeVC

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- Zacua Ventures (https://capitalatlas.ai/funds/zacua-ventures) — Seed
- DOMiNO Ventures (https://capitalatlas.ai/funds/domino-ventures) — Seed
- Iron Prairie Ventures (https://capitalatlas.ai/funds/iron-prairie-ventures) — Seed
- ComposeVC (https://capitalatlas.ai/funds/composevc) — Seed