Algoma
Algoma is an AI-native real estate development platform that compresses 4-6 week, $10-15K feasibility studies into 60-second automated analyses. It serves small-to-mid-sized developers, homebuilders, and multifamily operators across all 50 US states with zoning intelligence, generative site layouts, GIS mapping, renderings, and market data via freemium and per-seat SaaS subscriptions.
- Company typePrivate
- Founded2023
- HeadquartersNew York, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Algoma does
Algoma is an AI-native real estate development feasibility platform founded in 2023 by Harvard alumni Josef Bromovsky (CEO), Kyle MertensMeyer (CPO), and Seyfihan Usarer (COO), headquartered in Brooklyn, NY, and incorporated in Delaware. The company compresses traditional 4-6 week, $10-15K feasibility studies into a 60-second automated workflow that bundles site search, AI zoning analysis, GIS intelligence, generative site layouts, photorealistic renderings, market intelligence, and exportable deliverables (PDF, CAD) across all 50 US states. Its core technical stack combines a domain-specific AI Zoning Agent that retrieves and cites answers from municipal codes, generative layout algorithms that produce yield studies in seconds, optimization routines that surface hidden buildable units, and rendering models that deliver investor-ready visuals on demand. Notable proof points include a documented Everhome Living case study in which Algoma identified 47 additional units on a parcel an architect had missed, unlocking $27.7M in incremental revenue at a 12,500x ROI, and customer testimonials citing reduction of 3-4 week feasibility timelines to a single day.
The company monetizes through a tiered SaaS model: a free acquisition tier, Standard at $99/seat/month and Pro at $199/seat/month for individual users (both billed annually with a 20% discount), and a custom-priced Enterprise tier that adds multi-user organization access, project delivery and repository, team management, custom GIS layers with 48-hour turnaround, SSO and security compliance, dedicated account management, and volume discounts for teams of 5+. Go-to-market is a hybrid of product-led growth (free tier, self-serve sign-up, automated 60-second feasibility at app.algoma.co) and demo-led enterprise field sales (Calendly-booked 30-minute demos, dedicated sales contact). Customer segments are horizontal but emphasize small-to-mid-sized developers, production homebuilders, and multifamily/build-to-rent operators, with secondary segments in mixed-use/master-planned developers, brokers/land advisors, and AEC firms. Beyond software, Algoma sells Planning, Design, and Development professional service packages that extend the platform into end-to-end project execution.
Algoma has raised approximately $4.3M across multiple rounds from April 2023 through May 2025, anchored by a $2.3M seed led by Zacua Ventures with participation from SOSV/HAX, Iron Prairie Ventures, ComposeVC, DOMiNO Ventures, Startup Wise Guys, Norrsken, and Saudi government entities (National Technology Development Program and General Authority for Real Estate). The nine-person team combines civil engineering, AEC design (including 7.4M sq ft of designed projects on the CPO side), McKinsey/TikTok operations, and computational biology expertise, positioning the company at the intersection of construction technology and applied AI.
Algoma firmographics
Firmographics- Name
- Algoma
- Legal name
- Algoma Inc.
- Website
- https://algoma.co
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Algoma is an AI-native real estate development platform that compresses 4-6 week, $10-15K feasibility studies into 60-second automated analyses. It serves small-to-mid-sized developers, homebuilders, and multifamily operators across all 50 US states with zoning intelligence, generative site layouts, GIS mapping, renderings, and market data via freemium and per-seat SaaS subscriptions.
- Ownership category
- akta.pro rank
Algoma industry classification
Industry- Product category
- Real Estate Development Software
- NAICS
- Software Publishers (513210), Architectural Services (541310)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Building Information Modeling (BIM) & Digital Design Services (BPAHAKAK)
Keywords
Where Algoma is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Algoma business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Subscription - Free Tier: Free access to basic parcel data, zoning summaries, and interactive mapping. Serves as acquisition layer for conversion to paid tiers.
- Subscription - Standard Tier: Per-seat monthly subscription at $99/seat/month (billed annually at $1,188/yr). Includes core development tools: AI zoning analysis, site capacity studies, development modeling, AI renderings, and PDF/CAD export.
- Subscription - Pro Tier: Per-seat monthly subscription at $199/seat/month (billed annually at $2,388/yr). Includes everything in Standard plus market intelligence features: site search, event comps, rent comps, and advanced reporting.
- Enterprise Custom Pricing: Multi-user, organization-wide access with project delivery, repository, team management, custom GIS layers, SSO, volume pricing, and dedicated account manager. Tailored to organization needs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Explore any site with essential parcel data - free |
| Per seat | Annual | Core feasibility toolkit for individual users |
| Per seat | Annual | Full platform with site search, comps, and market intelligence |
| Subscription | Annual | Multi-user, org-wide access with project delivery |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Algoma product offering
Product offeringCore offering
Algoma sells an AI-native SaaS platform that runs automated pre-construction feasibility analysis for real estate developers. By entering an address, users receive site search across all 50 states, AI zoning answers cited from municipal codes, GIS intelligence layers, generative site layouts, photorealistic renderings, and market intelligence in under 60 seconds, with PDF and CAD exports. The company also sells professional Planning, Design, and Development service packages that complement the platform for projects requiring deeper AEC involvement.
Product overview
Algoma is an AI-native real estate development platform offering a unified SaaS product with multiple integrated modules. The core platform provides feasibility analysis, AI-powered zoning intelligence, GIS mapping, generative site layouts, AI renderings, and market intelligence across all 50 US states. Key modules include Site Search, AI Zoning Agent, GIS Intelligence, Site Capacity (Generative Layouts), AI Renderings, Market Intelligence, and Export Tools. The platform is complemented by professional services including Planning Packages, Design Packages, and Development Packages. Pricing tiers include Free, Standard ($99/seat/month), Pro ($199/seat/month), and Enterprise (custom pricing with multi-user access and dedicated support).
Differentiator
Problem solved
Functional benefit
Products and services
- Algoma Platform AI-native SaaS platform that delivers a complete real estate development feasibility analysis in under 60 seconds from any US address, combining 50-state parcel search, AI zoning answers cited from municipal codes, GIS intelligence layers, generative single-family and multifamily site layouts, photorealistic renderings, market intelligence (rent comps, demographics, supply pipeline), and PDF/CAD export. Sold via a free tier, per-seat Standard and Pro subscriptions, and custom Enterprise contracts.
- Planning Packages Professional service delivering zoning-aligned site layouts including parking, circulation, landscape, and infrastructure, completed in days rather than months. Sold as a project-based deliverable that complements Algoma's automated platform for developers needing deeper pre-construction planning.
- Design Packages Architectural design service for single buildings or entire neighborhoods with unique product types, balancing resident experience with efficiency and cost. Sold as a project-based deliverable extending Algoma's automated feasibility platform into full design execution.
- Development Packages End-to-end project management service spanning feasibility through construction administration, tailored to individual project needs. Sold as a project-based deliverable extending Algoma's automated platform into full development execution.
Quantifiable outcome
- Reduces feasibility timeline from 4-6 weeks to 60 seconds
- +4 more outcomes
Companies that use Algoma
Customer profileNamed customers3 records
Segments6 records
Ideal customer profiles5 records
Algoma technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability7 records
Feature7 records
Algoma partnerships and signals
Strategic signalScale indicators6 records
Recent moves6 records
Expansion highlights6 records
Algoma competitors and assessment
Company assessmentDirect peers
- HouseCanary: HouseCanary provides AI-driven residential real estate valuation, market analytics, and comps data — overlapping Algoma's Market Intelligence, rent comps, and supply pipeline capabilities for similar residential developer/investor buyers.
- TestFit: TestFit provides AI-driven site feasibility and generative building configuration for real estate developers and architects, with rapid layout/iteration workflows that compete head-on with Algoma's Generative Layouts and Site Capacity modules.
- Regrid: Regrid is a nationwide parcel data and property intelligence platform with developer/broker-facing APIs and GIS-ready datasets — competing directly with Algoma's parcel search, ownership, and GIS layer coverage across all 50 states.
- Local Logic: Local Logic provides AI-driven location and neighborhood intelligence for real estate — comparable market/demographic context and 'site score' outputs that complement or substitute parts of Algoma's Market Intelligence and site feasibility stack.
- Reonomy: Reonomy aggregates commercial property and parcel-level intelligence (ownership, debt, GIS attributes) for CRE investors and developers — overlapping Algoma's Site Search, GIS Intelligence, and Market Intelligence modules for the same developer/broker buyer.
- Archistar: Archistar offers an AI-powered property development intelligence platform covering site discovery, zoning, feasibility, and generative design for real estate developers — directly overlapping with Algoma's core feature set across multiple geographies (notably Australia/US).
Emerging players
- Spacely AI: Spacely AI offers AI rendering and interior/exterior design generation for real estate and architecture — directly competing with Algoma's Instant Renderings module and the broader photorealistic visualization workflow.
Broad incumbents
- Nearmap: Nearmap provides high-resolution aerial imagery and geospatial content used in real estate feasibility, site context, and AEC workflows — an incumbent data layer that overlaps with Algoma's GIS visualization and contextual site intelligence.
- Esri (ArcGIS): Esri's ArcGIS platform is the incumbent GIS backbone used by municipalities and large AEC firms; its parcel, zoning, and environmental layers overlap with Algoma's GIS Intelligence module and represent a potential upstream/downstream threat depending on go-to-market.
- CoStar: CoStar is the dominant CRE data and analytics incumbent with deep multifamily, office, and comps datasets; its broader portfolio (LoopNet, Apartments.com) gives it a data and distribution advantage in market intelligence where Algoma competes.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Algoma social profiles
Digital presenceAlgoma financial estimates
Financial estimateRevenue estimate
Valuation estimate
Algoma leadership team
Management profileNumber of profiles
Profiles8 records
Algoma funding detail
Funding detailFunding overview
Funding rounds4 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Algoma M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Algoma
What does Algoma do?
Algoma sells an AI-native SaaS platform that runs automated pre-construction feasibility analysis for real estate developers. By entering an address, users receive site search across all 50 states, AI zoning answers cited from municipal codes, GIS intelligence layers, generative site layouts, photorealistic renderings, and market intelligence in under 60 seconds, with PDF and CAD exports. The company also sells professional Planning, Design, and Development service packages that complement the platform for projects requiring deeper AEC involvement.
Is Algoma a public or private company?
Algoma is a private company. It is classified as venture growth investor backed and is currently operating.
When was Algoma founded?
Algoma was founded in 2023. It employs 1 to 10 people.
Where is Algoma based?
Algoma is headquartered in New York, United States, in the North America region.
How does Algoma make money?
Four revenue lines are on record. Subscription - Free Tier is the primary driver. The others are subscription - Standard Tier, subscription - Pro Tier and enterprise Custom Pricing.
Who are Algoma's main competitors?
Direct peers on record are HouseCanary, TestFit, Regrid, Local Logic, Reonomy and Archistar. Spacely AI is listed as an emerging player. Broad incumbents are Nearmap, Esri (ArcGIS) and CoStar.
Does Algoma have an API?
No public API is recorded for Algoma.
What industry is Algoma in?
Algoma's product category is Real Estate Development Software. Its primary akta.pro industry code is BPAHAKAK, Building Information Modeling (BIM) & Digital Design Services. Its NAICS code is 513210 and its SIC code is 7372.