Mave, an AI company specializing in real estate solutions for realtors and brokers, has announced the successful closure of a $5 million seed funding round. This investment coincides with the launch of Mave’s new AI platform, designed to support brokerage owners in managing their operations and brand, and will facilitate accelerated engineering and product expansion.
Staircase Ventures led the funding round, with continued support from previous investors Relay Ventures, N49P, and Alate Partners. Janet Bannister, Founder and Managing Partner at Staircase Ventures, will join Mave’s board of directors as part of this development.
Mave is also expanding its team of industry advisors, welcoming Natalka Falcolmer, Chief Real Estate Officer at Houseful; Rhoda Rahaii, Former VP of Strategy and Operations at Compass; Karen Yolevski, CEO of Carson Dunlop; Richard Silver, Senior Vice President at Sotheby’s International Realty Canada and Former President of TRREB; and Robbie Goldfarb, Former Product Leader for Meta AI.
Further expanding its reach, Mave has partnered with myAbode, an agent and brokerage services platform, to integrate its solution with myAbode’s network of over 10,000 realtors across Canada.
The company has reported significant adoption, with over 70% of brokers utilizing the platform weekly. Mave is actively onboarding 8,500 realtors and numerous major brokerages in Ontario, including Forest Hill Real Estate, PSR, Right at Home Realty, and several RE/MAX franchise groups. An additional 10,000 agents and 100 brokerages are currently on a waitlist. Mave intends to expand its team to 25 employees by the end of the year and extend its operations across North America.
Raz Zohar, Founder and CEO of Mave, commented on the industry’s evolution, stating, “The real estate industry is at a turning point, and I am very excited about how Mave will help realtors and brokers operate their business more effectively and profitably. The early traction has been incredible. Mave’s platform has been developed by working hand in hand with the industry, and we’re building towards a future where every realtor has an AI partner to amplify their expertise, not replace it.”
Mave’s platform is designed in collaboration with realtors and brokers to provide tailored AI solutions for operational efficiency. It integrates realtors’ MLS data to create personalized, brand-aligned workflows that comply with brokerage and board regulations. The platform proactively identifies new listings or significant market events, subsequently generating comprehensive, brand-aligned marketing campaigns, thereby automating tasks that would typically require manual flagging of updates like price changes.
Janet Bannister emphasized the transformative role of AI, stating, “AI is transforming every industry, and Mave is leading that change in real estate. Raz and his team deeply understand the needs of agents and brokers and are building technology that helps them grow faster and smarter with fewer resources.”
Bronwyn Smith, CEO at myAbode, added, “When we met the Mave team, we saw more than great technology. We saw people who truly understand agents. We share the belief that AI should complement and enhance what agents do best. That’s why we’re proud to invest and bring their tools to our platform.”
