Blooma, an AI-powered digital underwriting platform for commercial real estate (CRE), has raised $15 million in a Series A investment round led by Canapi Ventures with participation from existing investor Nyca Partners.
Launched in 2018, Blooma utilizes AI technology to streamline loan origination and portfolio monitoring processes for lenders and CRE professionals. The company also offers CRE portfolio management intelligence that automates ongoing loan monitoring, auditing, stress testing and borrower analyses.
“When we founded Blooma, we brought together some of the most talented technologists and lenders in the industry to create a solution that doesn’t just automate the lending process but makes it smarter and more enjoyable. Blooma is a tool initially built for CRE lenders by CRE lenders – that’s part of our secret sauce,” Blooma CEO Shayne Skaff said. “Since our launch, we have expanded our customer base to include brokers and asset managers as well. Now, with Canapi, we’ve found a partner who can help us make a real impact in an industry in desperate need of our solution.”