Closera automates commercial real estate brokerage workflows — closed round in 48 hours

bringing in our next guest. Welcome to the stream. How you doing? I'm John. Please sit down. Good to meet you. Talk into that microphone and introduce yourself for the stream. Who are you? What do you do? What do you Everyone, I'm the CEO of Closera and we build AI agents for commercial real estate. Oo, okay.

Um, what what part of the commercial real estate stack? The actual transaction do you sit on the buyer side, the seller side? Like that's a great question. administration. There's so much that in commercial real estate. Exactly. It's a huge industry.

So, uh yeah, my co-founder and I our families actually grew up uh in the commercial real estate space. Our both our families are developers. Um let's hear it for the developer building. We like developers. Developers say that in a different context. Exactly. Yeah.

Um but yeah, we we kind of did a survey of the whole market and we realized actually the most insane amount of manual tedious boring work that of course can be automated with AI agents um is actually done by brokerages and so that's where we decided to focus. Mhm.

Um uh and and so where in the brokerage stack do you say is this somebody who's who's they never actually take possession. They're just facilitating the buy and sell. Yeah, exactly. So our our customers are commercial real estate brokers. So both on the buy side and sell side.

Um and that's yeah that's what where we focus.

And then in terms of we're we're talking AI agents, are you trying to build an RL environment for some of the other platforms and and kind of you know throw your own agent on top or are you just building like SAS that pulls the different AI tools off the shelf as needed for use?

Like how should I think about the business? Yeah. So you should think of us as kind of like AI employees. We automate entire endto-end workflows. And so for commercial real estate brokers, um there's two workflows in particular that take up the most amount of time and money.

Um and so for example, one of them is creating uh sales materials for buying and selling buildings. So today on average, uh teams spend about 4 weeks making these materials and spend about 5K in design fees. Uh and with us, they can do that entire process in about 5 minutes. Very cool. There we go.

Uh progress on the traction. How's the raise going? How's de? Um yeah, the raise has been great. We were we were done in 48 hours. always Yeah. Yeah. I think with raising it kind of either goes one of one of two ways. It's either like know you're hot or plateau of productivity. Exactly. Yeah.

What were you doing right before this? Um so I was at Google. So I was a PM working on monetizing Gemini Notebook LM that helps with amazing. Yeah. So that launch was was super fun. It was like we were in chats with like Sergey. It was it was crazy. you rate limiting us so hard.

John was paying 500 and he couldn't I wanted to pay you more. I feel like you weren't monetizing hard enough. Come on, man. You know, I don't work there anymore, but I can I can hold you accountable. We have two lightning round questions we like to ask. One, uh, favorite entrepreneur, someone you look up to. Yeah.

I think, you know, classic answer definitely Steve Jobs. Like reading that biography in middle school is like what got me to want to move to the valley, go to Stanford, DYC. So, the Walter Isacson book, fantastic book. Uh second question, how did you make your first dollar on the internet?

Yeah, how we made our first dollar on the internet was actually we uh cold called. So brokers are you know they always pick up the phone and so um anything as a kid. So people like sold eBay or like you know did like websites as a kid any any childhood. In high school, I made an app.

Um, it was a free app, but it I used AI to help the visually impaired. And so, basically, this is like premultimotal models and stuff, and you could take a photo. Uh, and if you were blind, like it would tell you, you know, what you're looking at, like say like a can of Coke or a can of Pepsi. Uh, yeah.

That had users in about 120 countries. Um, it was named one of Tech Crunch's top AI stories of the year and was also uh in a Google commercial with Jeffrey Hinton and Justin Trudeau. No way. No way. That's amazing. Legend. That's fantastic. Well, congratulations on the day and uh yeah, good luck out there. Awesome.

Thank you for having me. Yeah, good luck. Say hello to all the VCs that couldn't fit in already cuz you're done. RIP. Anyway, we are live from Demo Day YC 2025. We will bring in our next guest uh whenever they are ready. Uh in the meantime, any breaking news, Jordy?