Specialist AI firm Coraly.ai has raised £1.5 million to fund global expansion of its automated listing and lead generation tools for estate agencies that it claims can save agents over 20 hours a week.
The Dubai-based firm’s AI-driven platform has automated the time-consuming tasks of listing creations, lead generation, and property marketing across multiple portals that keep agents at their desks rather than out selling properties. One of its most high-profile customers is UK-based but global brand Chestertons.
The investment comes as AI tools become increasingly common in the property sector, from market analysis to photo enhancements, CRM and social media content, with the main focus on freeing agents from administrative work to concentrate on revenue-generating activities.
Fouad Bekkar (pictured), who founded the company in 2022, says estate agents using the system can save over 20 hours per week, and it will also enable them to close deals 47% faster. And, he adds, its 24/7 AI lead qualification system captures 60% more qualified leads outside business hours.
Real estate agents globally are underserved by fragmented, outdated sales tools.”
Bekkar says: “Real estate agents globally are underserved by fragmented, outdated sales tools. Through Coraly.ai, our mission is to simplify growth with AI that just works. This funding gives us the firepower to further accelerate product development and expand into key growth markets.”
Integrates with Rightmove and Zoopla
Patrick Thiriet, CEO, EQ2 Ventures
The platform has already processed 500 million images this year for more than 1,200 property professionals across 25 countries including the UK.
It integrates directly with Rightmove and Zoopla for automated, multi-portal publishing, using AI to enhance photos and write SEO-optimised descriptions. It will also work alongside CRM systems such as Salesforce, HubSpot and Pipedrive.
Patrick Thiriet, CEO of investor EQ2 Ventures, says: “AI is about to leapfrog productivity across many industries where professionals still use ill-adapted legacy software products to run their business. The property market is one of those verticals, with real estate agents spending too much time on non-productive tasks.”
The funding will be used to accelerate product development and support the company’s global expansion plans.