Mave, a Toronto-based company offering an AI-powered solution for the real estate industry, announced a $2 million pre-seed funding round spearheaded by Relay Ventures. The company’s AI assistant helps agents automate time-consuming back-end tasks.
Mave partners with data providers like real estate boards to train its AI assistant on market data and property information. This allows agents to gather insights through text conversations and quickly respond to client requests with relevant information. Mave also automates back-end tasks like creating social media posts, marketing materials, e-mails and presentations.
While operating in stealth mode, the solution has garnered interest from more than 6,000 real estate agents at more than 90 brokerages in the Greater Toronto Area. Alongside its funding round, the company announced the launch of its beta program. Mave’s fresh capital will help the company advance its AI assistant, and it is actively hiring talent to its 10-person team across engineering, product, marketing and sales roles.
