Algoma: Funding, Investors & Team (Aug 2026)
Algoma is a platform that assists real estate developers in making decisions and speeding up their building process while saving money. Instead of waiting months for designs, developers can bring their sites to Algoma and receive designs in just a few days. The automated feasibility studies provided by Algoma help expedite timelines, reduce expenses, and simplify the process from concept to construction.
Algoma has raised $4.2M across 2 funding rounds on record, the most recent a Seed of $2.3M announced in May 2025.
That round is below the $21M median round size for Real Estate companies tracked on FundedIQ over the last two years.
Algoma Company Profile and Key Stats
Latest funding round on record: May 2025.
Algoma Funding Rounds
Algoma raised $1.9M in a Seed announced in Nov 2024.
6 months later, a Seed of $2.3M was announced in May 2025.
Algoma Founders and Leadership Team
No contact details are on record for this team yet.
Algoma Funding Compared to Other Real Estate Startups
Algoma's latest round of $2.3M is below the median round in Real Estate. Medians cover the last 24 months of disclosed rounds.
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Algoma Funding FAQs
What does Algoma do?
Algoma is a platform that assists real estate developers in making decisions and speeding up their building process while saving money. Instead of waiting months for designs, developers can bring their sites to Algoma and receive designs in just a few days. The automated feasibility studies provided by Algoma help expedite timelines, reduce expenses, and simplify the process from concept to construction.
How much funding has Algoma raised?
Algoma has raised $4.2M across 2 rounds on record. The most recent is a Seed of $2.3M announced in May 2025.
When did Algoma last raise funding?
Algoma's most recent funding round on record is a Seed of $2.3M, announced in May 2025.
Who founded Algoma?
FundedIQ lists Josef Bromovsky (Founder) at Algoma.
Where is Algoma headquartered?
Algoma is based in New York, United States.
How many employees does Algoma have?
Algoma is in the 11-50 employee band.
How does Algoma's funding compare to other Real Estate startups?
Algoma's latest round of $2.3M is below the $21M median round size for Real Estate companies on FundedIQ across 603 tracked companies over the last two years.
About FundedIQ's Algoma Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Algoma is left off this page rather than filled in.
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