Toronto-based proptech startup has announced $2 million CAD in pre-seed funding as it looks to help automate the back-end work for real estate agents with artificial intelligence (AI). The all-equity, all-primary round was co-led by Relay Ventures and N49P, with participation from Alate Partners, Clarim Ventures, and Gambit Partners, along with angel and strategic investors, including a past president of the Toronto Real Estate Board, whom the company declined to identify to BetaKit. “While our initial focus is on handling marketing tasks, with the funding in place we are expanding our development to establish Mave as a full-time assistant.
” Mave founder and CEO Raz Zohar told BetaKit the funding round closed in May, noting the company opted to announce following the recent launch of its beta program in September. The beta will test Mave’s AI assistant with 1,000 real estate agents and brokers. Prior to its fundraising announcement, Mave was operating in stealth mode, but it claims to have garnered interest from over 6,000 real estate agents across more than 90 brokerages.
Founded in 2023, Mave is the brainchild of Zohar, who was inspired by seeing the extensive behind-the-scenes work real estate agents handle while buying his first home with his wife. Observing that agents often spend up to 35 hours on administrative tasks per transaction, Zohar created an AI assistant specifically for real estate agents and brokers. Mave is aimed to equip agents with quick access to m.