Fundraising Fox

Algoma

Newark, US · Founded 2023 · Delaware corporation · 4 known investors

Algoma provides a software platform for real estate developers that generates site feasibility analysis for US parcels, including zoning research, GIS data layers, generative site layouts, renderings, and market intelligence. It also offers professional planning, design, and development services to turn feasibility data into site plan packages and manage projects through construction across all 50 US states.

Also known as Algoma

Founders & leadership

Algoma was founded in 2023 by Josef Bromovsky, Seyfihan Usarer, Kyle MertensMeyer, and Joe Bromovsky.

JBJosef Bromovsky
Josef BromovskyCEO & Co-Founder
SUSeyfihan Usarer
Seyfihan UsarerinCOO & Co-Founder
KMKyle MertensMeyer
Kyle MertensMeyerinCPO & Co-Founder
JB
Joe BromovskyinFounder
WAWassim Alagha
Wassim AlaghainHead of Computation
WMWilliam MacIntyre
William MacIntyreinHead of Engineering

Board

VH
Vivin HegdeinBoard directorFounding Partner, North America at Zacua Ventures

Investors · 4

Reported raises · per SEC filings

Form D private placements

$1.9M disclosed across 1 round · 2024

$1.9MraisedNov 2024 · 6 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Josef BromovskyExecutive Officer, Director
  • Vivin HegdeDirector
  • Seyfihan UsarerExecutive Officer, Director
Offering amount
$2.5M
Amount sold
$1.9M
First sale
Nov 2024
Incorporated
Corporation, Delaware, 2023
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Algoma is a proptech company building an AI-native platform that automates pre-construction work for real estate developers. Users enter an address or search criteria and the system returns a feasibility study covering zoning analysis, capacity calculations, market intelligence, construction cost data and pro forma modeling. Site search covers development-ready parcels across all 50 US states, with searches by address, by more than 20 GIS filters, or by drawing a boundary on a map.

The platform is organized into modules: site search; a natural-language AI agent that finds sites, reads municipal code, adjusts assumptions and reruns capacity within a single conversation; a map layer view with flood zones, wetlands, environmental overlays, opportunity zones, sewersheds, census tracts and other GIS layers, with custom layers offered within 24 hours; generative site layouts and yield studies for single-family and multifamily programs, including site boundaries, auto layout, road network adjustment and water retention planning; photorealistic renderings from user-selected angles; rent comps, demographics, supply pipeline and submarket data; and export to PDF reports, CAD files, rendering images and zoning summaries.

Beyond the software, Algoma offers professional services that convert feasibility output into deliverables: planning packages with zoning-aligned layouts covering parking, circulation, landscape and infrastructure; design packages for individual buildings or entire neighborhoods; and development packages in which Algoma manages the development process from initial site search through construction administration.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
HeadcountAug 202617

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 3

by search overlap

Companies competing with Algoma for the same Google search keywords, organic and paid, via search-intersection analysis.

Legal entities · 1

corporate structure
AlgomaDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Algoma do?
Algoma is an AI-native real estate development platform that turns a US address into a site feasibility study in minutes.
Who founded Algoma?
Algoma was founded by Josef Bromovsky, Seyfihan Usarer, Kyle MertensMeyer, Joe Bromovsky in 2023.
Who are Algoma's investors?
Algoma's investors include DOMiNO Ventures, Iron Prairie, Moderne Ventures, Zacua Ventures.
How much funding has Algoma raised?
Algoma has disclosed $1.9M raised across 1 round.
Where is Algoma headquartered?
Algoma is headquartered in Newark, US.