Landerz has received $1.5 million in seed funding to help the startup company fulfill its goal of accelerating land transactions.

Montreal-based Landerz announced that it received an equity investment from Accelia Capital and the Government of Quebec through its delegate Investissement Québec, along with financial support from Business Development Bank of Canada, PME MTL, and Centre d’Entreprises et d’Innovation de Montréal, through the Société d’Investissement Jeunesse.

Landerz announced the investment in a news release.

“Landerz aims to triple in size this year, with ambitious goals for visibility, recruitment, and customer acquisition,” said Simon Boyer, the company’s founder and CEO. “Increasingly, buyers and sellers rely on our platform, data, and expertise for quality real estate decisions. We are significantly more efficient than traditional real estate agencies.”

The commercial property technology company simplifies the land acquisition process by providing buyers access to a variety of high-potential development sites, including exclusive off-market opportunities. As part of its service, Landerz furnishes market data, comparable transactions, zoning aspects, development risks and other information.

“Ultimately, Landerz aims to reduce the opportunity-analysis time from several weeks to about twenty minutes,” said the company.

Landerz touted its service as one that could help reduce Canada’s rental-housing shortage.

“The numbers are striking. Canada needs 3.5 million more homes by 2030 to restore housing affordability,” said the company. “The market’s inefficiency suggests a shortage of land, but Landerz believes otherwise: Landerz has identified over 100,000 sites with high potential for real estate development in the Greater Montreal Area.”

Nadine Fournier co-founded Landerz with Boyer. She serves as the firm’s chief product officer.

Pictured: Simon Boy and Nadien Fournier, Landerz co-founders

Photo: Courtesy of Landerz