# Blooma

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

- Industry: Software
- Headquarters: San Diego, US
- Website: www.blooma.ai
- Total disclosed funding: $18M
- Latest round: Series A (Jun 8, 2021)
- Investors on record: 7

## About

Blooma, Inc. is an innovative technology company specializing in AI-powered solutions for commercial real estate lending, enhancing efficiency and decision-making for lenders through advanced portfolio intelligence and origination tools.Founded in 2018, Blooma, Inc. operates from San Diego, US, providing a lending platform tailored to commercial real estate needs. The founders, Divya Khandelwal, Michael Persall, Shayne Skaff, and Shy Blick, have collectively introduced a product that streamlines workflows for lenders. In June 2021, the company raised USD 15 mn in Series A funding led by Canapi Ventures, with participation from NYCA Partners, effectively bringing its total amount raised to USD 15 mn. The firm has completed 3 deals since inception, with the latest deal occurring on June 8, 2021.Blooma's core product offering is its AI-powered commercial real estate (CRE) lending platform, designed to enhance the efficiency and decision-making capabilities of CRE lenders. The platform includes features for origination and portfolio intelligence, enabling users to automate deal screening processes and monitor their portfolios with real-time insights and proactive alerts. By integrating seamlessly into existing technology stacks, Blooma transforms raw data into actionable insights, thereby addressing challenges such as disconnected systems and manual data entry. The primary end users of Blooma's services are commercial real estate lenders, both small and large, who require streamlined workflows for origination and risk management in dynamic market conditions. The platform is marketed across various geographical regions, focusing on key metropolitan areas with active CRE markets.Blooma generates revenue primarily through subscriptions to its platform, which offers flexible pricing structures tailored to the needs of different lenders. Clients typically engage with the platform under a subscription model, granting access to its various features, including automation tools for data entry and document processing, alongside real-time portfolio monitoring capabilities. This structure allows lenders to enhance their operations without significant upfront costs. The flagship product, CRE Intelligence, serves as the backbone of the business, designed to adapt to the workflows of diverse client bases, fostering long-term partnerships.In June 2021, Blooma, Inc. raised USD 15 mn in Series A funding, led by Canapi Ventures, to drive product development, enhance customer service, and hire key personnel. The company plans to develop new features for its lending platform and expand into additional key metropolitan areas within the United States by the end of 2022. This funding will support their initiatives aimed at significantly improving user experience and expanding their client base.

## Funding rounds

- Series A, Jun 8, 2021, $15M — Nyca, Canapi Ventures
- Seed, Aug 20, 2019, $2.8M — Serra Ventures, Floodgate, Crescent Ridge, Florence Venture Partners, Abstract Ventures

## Investors

- Serra Ventures (https://capitalatlas.ai/funds/serra-ventures) — Seed
- Floodgate (https://capitalatlas.ai/funds/floodgate) — Seed
- Crescent Ridge (https://capitalatlas.ai/funds/crescent-ridge) — Seed
- Florence Venture Partners (https://capitalatlas.ai/funds/florence-venture-partners) — Seed
- Abstract Ventures (https://capitalatlas.ai/funds/abstract-ventures) — Seed
- Nyca (https://capitalatlas.ai/funds/nyca) — Series A
- Canapi Ventures (https://capitalatlas.ai/funds/canapi-ventures) — Series A