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California  + San Diego  + Finance  | 
Shayne Skaff of Blooma

Blooma Closes $15M Series A Round

San Diego-based Blooma, the AI-powered digital underwriting platform for commercial real estate, was founded in 2018. The platform aims to improve loan origination and portfolio monitoring processes for operators in the CRE space such commercial banks, private banks and brokers.

It recently announced the close of a $15 million Series A investment round. Canapi Ventures led the round with participation from existing investor Nyca Partners. The Series A funding will be used to drive product execution and support key personnel hires.

“Blooma is a tool initially built for CRE lenders by CRE lenders – that’s part of our secret sauce. Since our launch, we have expanded our customer base to include brokers and asset managers as well,” says Shayne Skaff, CEO of Blooma. “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.”

Blooma has already demonstrated value generation for customers. Lenders on the system have reduced loan origination time by up to 75 percent, enabled 50 percent more transactions and achieved four times the reduction in origination and servicing costs. To date, the platform has analyzed more than $12 billion in deals in the last 12 months and clients including C3 Bank, Bank of Southern California and CBRE.

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

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