Mave, an AI-driven startup co-founded by Raz Zohar, has secured a $2 million pre-seed funding round to enhance the productivity of real estate agents by streamlining marketing and administrative tasks.

Information on the Target

Mave is an innovative startup founded by Raz Zohar, who recognized the pressing inefficiencies within the residential real estate sector. After observing the cumbersome administrative processes involved in real estate transactions, Raz took an unconventional approach by working as an executive assistant for various agents in Toronto, gaining valuable insights into their day-to-day challenges. Mave leverages advanced AI technology to streamline marketing and back-end operations, promising to enhance the productivity of real estate agents significantly.

Since its launch earlier this year, Mave has already garnered a strong interest from over 6,000 real estate agents and 90 brokerages. The company is currently running a beta program with 1,000 selected agents to refine its offerings and ensure that they meet the actual needs of the industry.

Industry Overview in North America

The North American real estate market is vast and complex, characterized by approximately 2 million licensed agents and around 350,000 brokerages. Despite its size, the industry has been underserved by technology, with few major softw