Toronto-based proptech startup Mave has raised $2 million in pre-seed funding and launched its beta program to help real estate agents and brokers streamline their work with an AI assistant.
The funding round, led by Relay Ventures and N49P, also saw participation from Alate Partners, Clarim Ventures, Gambit Partners, and several angel investors, including a former president of the Toronto Real Estate Board.
Mave was founded by Raz Zohar, who was inspired to create the AI assistant after buying his first home. His curiosity about the behind-the-scenes work done by real estate agents led him to become an assistant to agents across the Greater Toronto Area. Zohar found that agents spend more than 35 hours on administrative tasks for each transaction and saw an opportunity to simplify these processes using AI.
Mave’s AI assistant helps real estate agents with tasks such as researching property data, creating marketing materials, and communicating with clients—all via text messaging. For example, agents can ask Mave, “What’s the price per square foot in this area?” and receive instant answers that would normally take hours to compile. Mave fits easily into the existing workflows of agents who primarily rely on texts and calls to manage their workload.
While still in stealth mode, Mave has attracted interest from over 6,000 real estate agents in more than 90 brokerages across the GTA. From this pool, 1,000 agents have been selected to join the beta program, including those from PSR Brokerage, a luxury real estate firm. Early feedback has been overwhelmingly positive, with 60 percent of agents at PSR using Mave at least six times a week. Some have reported closing deals faster, increasing showings, and creating social media campaigns that led to sales above asking price.
With the new funding, Mave plans to expand its team and further develop its platform, aiming to offer agents full-time AI assistance that handles everything from coordinating open houses to finalizing contracts.
“Mave is designed to allow agents to focus on what matters most—servicing their clients and growing their brand,” said Zohar.
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