Zuma

History

2021: Raising $6.7 million

American startup Zuma, which is developing an application AI with for realtors and tenants, announced on November 19, 2021 to raise initial funding in the amount of $6.7 million and exit the beta testing phase.

The $6.7 million round was led by Andreessen Horowitz with the participation of Y Combinator, Range Ventures, Liquid 2, Day One Ventures, Soma Capital and a group of private investors, including Apartment List co-founder Chris Erickson, former chief operating officer of Y School Combinator and the founder of ODIO Combinator. The latest round of funding gives Zuma a total of about $7.2 million raised at the time of November 19.

The American foundation of founders from Russia Day One Ventures invested in the developer of applications for realtors Zuma

Zuma was founded in the summer of 2020 by CEO Shiv Guettu, a former real estate consultant, and President Kendrick Bradley, a former Boeing and SpaceX engineer. The company launched an AI-based online assistant that helps real estate agents quickly process applications from potential customers. Using text messages, Kelsey's assistant answers various questions about the property within a few minutes, which helps landlords retain customers and close deals.

We understood the value of potential clients and the importance of raising them, "Bradley said. - Text messages immediately attract potential customers. If you are interested in an apartment, you may not receive an answer within 48 hours, but Zuma integrates with real estate management tools, and when someone makes a request, Kelsey provides them with information about the property, assuming that they will then come to inspect the property and sign a lease.

Since January 2021, the company has increased revenue 10 times and is working with customers such as Bungalow.com, which on average increased the conversion rate 2.1 times in 30 days and 35 times the return on investment, while saving about 50% on sales personnel costs.

Zuma also aims to introduce its business model into other industries such as healthcare, automotive, insurance, education and fashion.^[1]

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