#45 - Josef Bromovsky, CEO and Co-Founder at Algoma
Slice of Construction Team
05/21/2025
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Episode details
Join us in this exciting episode of the Slice of Construction podcast, hosted by Jared S. Taylor! Our Guest: Josef Bromovsky, CEO & Co-Founder at Algoma.
What you’ll get out of this episode:
- Solving Housing Supply Crisis: Algoma uses AI to streamline pre-construction and address the U.S. housing shortage.
- Designed for Developers: Targets mid-sized real estate developers lacking large in-house analysis teams.
- Sustainability Recognized: Awarded for promoting mass timber use via New York and Georgia Mass Timber Studio grants.
- Pre-Construction Insights: Offers zoning, site capacity, rent comps, and demographic data through a single address search.
- Investor Confidence: Raised $2.3M in seed funding led by Zakuwa Ventures, focused on transforming the built environment.
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Tackling the U.S. Housing Crisis with AI
Algoma is not just another PropTech startup. Co-founded by Josef Bromovsky, the AI-native platform is on a mission to combat the U.S. housing crisis by revolutionizing how developers approach the pre-construction phase. With an estimated shortage of five million homes, the real estate development process urgently needs innovation—something Algoma delivers by simplifying what is traditionally a complex, time-consuming process.
Why Algoma Was Built
Bromovsky’s career in construction and engineering laid the foundation for Algoma. After years of engaging with developers at AECOM and hearing repeated pain points, he and his team saw an opportunity to reduce inefficiencies. Developers frequently struggled with manual, repetitive tasks, delaying project readiness and adding cost. Algoma’s AI-powered platform replaces this manual labor with rapid, high-quality analysis and decision-making support.
Focused on the Underserved Developer
Unlike many platforms that cater to architects or engineers, Algoma focuses directly on real estate developers—specifically mid-sized firms with 15 or fewer employees. These firms, often working on single-family or small multifamily housing projects, form the backbone of U.S. housing supply but lack the internal resources to conduct detailed site evaluations. Algoma empowers these developers by letting them analyze zoning, capacity, rent comps, and market demographics in one place, fast-tracking projects from idea to permit-ready.
Sustainability at Its Core
Algoma has also made sustainability a cornerstone of its strategy. The platform has been recognized with sustainability grants from the New York and Georgia Mass Timber Studios. Mass timber, a strong, fire-resistant engineered wood, is a key focus. Algoma allows developers to test materials like mass timber early in project planning, making sustainability an informed choice rather than a costly afterthought.
Investors Backing the Vision
The platform's promise is backed by a $2.3 million seed round, led by Zakuwa Ventures—an investor specializing in construction tech. Zakuwa’s mission aligns perfectly with Algoma’s: to support innovations reshaping the built environment. Their confidence in Algoma underscores the platform’s potential to become a critical tool for the future of construction.
Looking Ahead
While Algoma focuses on pre-construction and decision-making today, Bromovsky keeps a close eye on future innovations in physical construction—like 3D printing and robotics. Though Algoma doesn’t plan to enter that space, the team is rooting for players like Icon, a leader in 3D printed buildings.
Get Early Access
Algoma is currently open to a select group of developers. Interested developers can join the waitlist at www.algoma.co for early access to the platform.
