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The Venture Codex

Alate Partners

446 Spadina Road, Suite 303, Toronto, Ontario, M5P 3M2, Canada

Overview

Alate Partners empowers entrepreneurs who are rethinking real estate. Founded through a partnership between Dream and Relay Ventures, Alate focuses on innovative technology companies that enhance how commercial, residential, and industrial real estate is designed, built, and managed. In addition to capital, Alate provides unique access to expertise and customers through its network of influential real estate owners, operators, and managers.

Total investments
22
Lead investments
3
Investments · 12mo
2
Active investors
2

Sector focus

  • Home Services
  • Property Development
  • Property Management
  • Real Estate
  • Real Estate Investment
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Investment portfolio

  • Uniti AI

    Participated · Series A · Jul 2026

    Uniti builds an agentic AI orchestration layer that runs real estate operators' playbooks across sales, leasing, support, maintenance, collections, payments and reviews. Its AI agents operate across voice, SMS, email, chat and WhatsApp and integrate with 15+ property management and CRM platforms, sitting above existing systems rather than replacing them. The company targets multiple verticals including self-storage, multifamily, senior living, manufactured housing, coworking and commercial office, and is live with customers such as Regus, StorQuest, RHP Properties, Storage King USA and Fora. Uniti reports measurable customer results including a 214% ROI for an enterprise self-storage operator, 94% of pilots converting to long-term contracts, and 306% net revenue retention as customers expand. The startup combines operational real estate expertise with frontier AI and is headquartered in New York City; it was founded by Yale classmates Francesco Decamilli and Emre Altinok and operates across 10+ countries.

  • Mave

    Participated · Seed · Jan 2026

    Mave provides an AI-powered platform built specifically for real-estate brokerages and agents, delivering a suite of "departments" staffed by industry-trained virtual experts. These tools help users grow their brands, automate back-office workflows, and elevate client service at scale. The company, led by founder and CEO Raz Zohar, has begun integrating its solution with myAbode’s nationwide network of 10,000+ realtors, expanding its reach across Canada. Newly secured capital will be directed toward accelerating engineering hires and broadening the product roadmap. To strengthen market insight, Mave has appointed several industry advisors from Houseful, Compass, Carson Dunlop, Sotheby’s International Realty Canada, and Meta AI. Staircase Ventures’ Janet Bannister is also joining the board, providing additional strategic guidance. Although operating metrics such as revenue or user counts have not been disclosed, the company is positioning itself as an infrastructure layer for brokerages seeking to leverage AI at scale.

  • Doormat

    Led · Seed · Mar 2025

    Ownright, rebranded from Doormat in 2025, offers a digital real-estate law service that combines automation with expert legal guidance to simplify property closings, mortgage refinancing, and condo status certificate reviews. The company emphasizes a client-first, transparent experience with remote document uploads, real-time tracking, and access to legal experts. Launched in 2023, Ownright has grown from three founders to 19 full-time employees and has facilitated over a thousand transactions. It has processed over $750 million in transaction value and is on track to surpass $1 billion by the end of 2025. The rebrand and product updates introduce a modernized digital experience and friendlier brand identity intended to expand reach to homebuyers, agents, mortgage brokers, and PropTech partners. The company plans to use new investment to accelerate growth, expand technological capabilities, and enhance the client experience. Doormat is an online legal-services platform serving homeowners, buyers, and sellers in Ontario. The company combines proptech and legaltech to let clients communicate, negotiate, and complete transactions, covering home buying and selling, mortgage refinancing, and property ownership changes. Its platform emphasizes transparency, simplicity, and a digital-first closing experience that clients can access from home. The founding team includes CEO and co-founder Robert Saunders and began with a software engineer, a real estate lawyer, and an operations executive. Doormat conducted a bilingual Angus Reid survey of over 1,500 Canadians showing 82% believe technology is necessary to improve real estate transactions and 63% would be comfortable using an online real-estate lawyer (71% among 18–34s). The company says the new capital will be used to grow the team and expand its presence throughout Ontario and beyond.

  • Promise Robotics

    Participated · Series A · Oct 2023

    Promise Robotics is a Toronto-based construction-technology startup focused on helping builders and real-estate developers automate off-site fabrication through industrialized robotics and artificial intelligence. Its integrated production platform manufactures highly sustainable, panelized building systems that cut production cycle time by 50 % and virtually eliminate material waste compared with traditional construction. By lowering costs and carbon emissions, the company addresses pressing sector challenges such as housing shortages, labour gaps and embodied-carbon reduction. Promise Robotics is currently collaborating with developers and builders to scale capacity for faster, greener housing deployment. Future plans center on democratizing access to advanced automation so that even low-margin construction businesses can adopt the technology. The firm’s early momentum earned it seed support from Sustainable Development Technology Canada (SDTC) in December 2021, validating both its market potential and environmental impact.

  • VendorPM

    Participated · Series A · Aug 2022

    VendorPM operates a software-enabled two-sided marketplace that modernizes how property managers work with vendors by enhancing vendor management, sourcing, procurement and compliance. The platform supports over 5,000 buildings, close to 40,000 service vendors, and hosts 120+ property management organizations across major Canadian cities and a growing number of U.S. cities. Building managers use VendorPM to obtain multiple bids, standardize workflows, and simplify procurement-to-payment processes across asset classes. The company plans to aggressively expand its U.S. footprint into additional markets including Chicago and Washington, D.C., and to continue growing adoption among commercial real estate firms. VendorPM will use the new funding to reinvest in its team and platform and to build new product offerings for vendors and property managers, including payment technology to create a more frictionless workflow. The company highlights leading users such as Colliers, Golub & Co., Avison Young and BentallGreenOak as part of its customer base. VendorPM is a Toronto-based, software-enabled marketplace that centralizes vendor management, sourcing, procurement and compliance for property managers and service vendors. Its platform supports over 400 building services and, in the past two years, has scaled to cover more than 5,000 buildings, 30,000 vendors and 100 property management firms, including BentallGreenOak, Cushman & Wakefield | Stevenson and Avison Young. Property managers use the SaaS tool to organize vendor data and operations, while vendors use it to market services and submit quotations and proposals. The platform aims to improve day-to-day efficiency for site staff and provide greater visibility and control for head offices across four core functions. The company raised $6 million in seed funding to support product innovation, hiring and expansion into targeted U.S. markets. CEO Emiel Bril said the long-term goal is to become a global, category-defining marketplace that replaces paper, email and spreadsheets.

Team