Making real estate queryable.
Round
Pre-Seed
Seeking
$500,000
Runway
18 months → Series A
Confidential Investment Memo
May 2026
INVESTMENT THESIS
Property search is quickly moving towards AI, and brokerages lack infrastructure to operate in this context.
61%
OF REAL ESTATE SEARCHES IN 2026
begin through AI¹
91%
OF BROKERAGES
are invisible to these searchers¹
Real estate portals were built for human browsing, not machines. As consumers shift toward LLMs and AI agents to search for properties, these systems are consistently failing to surface the best matches for buyers and renters. The core issue is structural: brokerage inventory is not optimized for machine-readable search, LLMs lack reliable tools to perform the task, and current interfaces still offer a fragmented, underwhelming experience.
¹ FlyDragon 2026. 8.2 million queries, 192 American cities. Estimated lag to Brazil: 12–18 months.
THE PROBLEM
Invisibility isn't amarketing problem.It's an infrastructure problem.
Zap Imóveis, OLX, Viva Real: visual navigation platforms — filters, forms, pages to click through. The architecture assumes a buyer who knows where to browse.
Language models don't browse. They query. When an AI agent receives the question — "find a 2-bedroom apartment in Moema for R$800K" — it doesn't open Zap. It consults sources it can read: structured, semantic data accessible via protocol.
Brazilian brokerages aren't on that list.
Live demo. Real properties from a pilot brokerage. Search on ChatGPT. Result: zero properties found.
The response that came back, same day: "You're the first people to bring this situation to our attention."
It's not a question of listing quality. It's a question of protocol. The inventory exists. The buyer is searching. The channel changed — and the brokerage isn't in it.
91%
BROKERS ARE INVISIBLE
to the AI tools their buyers use first
WHY NOW
MCP is the SEO of 2025.The curve is just beginning.Brazil hasn't reacted yet.
Model Context Protocol (MCP) is the standard that defines how AI agents integrate external data sources. In less than 12 months, it was adopted by Anthropic, OpenAI, Google DeepMind, and Microsoft. In December 2025, it was donated to the Linux Foundation — becoming open infrastructure maintained by the same consortium that oversees HTTP. This isn't a bet on any one company. It's protocol infrastructure.
Today: 97 million monthly SDK downloads. More than 10,000 servers in active production.
The correct analogy isn't with apps. It's with SEO between 1998 and 2003.
In 2002, those who understood that websites would need to be readable by search engines had a two-year head start on the market. Semrush, Moz, Ahrefs — all born from that window. Those who built position in that moment defined the next decade of digital distribution.
This is the same curve. With one difference: the clock runs faster.
The American market ran that sprint in 6 months. Brazilian portals haven't reacted. It's not that the Brazilian market is different — it just hasn't gotten there yet.
Those who build position now accumulate an asset that time alone cannot replicate.
Agents that launched in 2025 receive 5.7× more citations than those that launched 12 months later — even with larger budgets.— FlyDragon 2026 Benchmark
THE PRODUCT
Three layers. One integration.Zero extra work for the brokerage.
01
Data Enrichment
Processes the raw inventory and generates semantic representations optimized for AI discovery — embeddings, structured metadata, descriptions calibrated to model behavior.
SINGLE PROCESSING PER PROPERTY02
AI-Optimized Pages
Generates static pages per property with complete schema.org markup. AI agents that discover content via the web — Perplexity, ChatGPT with browsing — can crawl, interpret, and recommend the properties directly — no portal required.
PASSIVE VISIBILITY, NO PORTAL03
Roofhound MCP Server
Exposes the inventory via Model Context Protocol. Any compatible LLM can query and recommend properties in real time — Claude, GPT, Gemini, and any agent that adopts the standard.
ACTIVE QUERY, IN REAL TIMEThe brokerage connects the inventory once. Roofhound processes, publishes, and maintains. No process change. No team training. Runs in the background — while portals keep running.
THE MOST LEGITIMATE OBJECTION
What if Zap launches an AIfeature in six months?
That's the right question. Here's the complete answer.
Zap Imóveis' revenue model depends on a single premise: that the brokerage has no alternative distribution channel. R$4,200/month per brokerage — multiplied across tens of thousands of clients — is the number that sustains the entire business. A product that creates direct distribution, without portals as intermediaries, destroys that premise.
Portals cannot build this from within. The structural incentive prohibits it.
There's also a technical argument, and the American market has already proven it: Zillow, Redfin, Realtor.com, and Homes.com all launched AI in 6 months — and all built within their own walled gardens. Closed features, closed ecosystems. None opened inventory to the LLM ecosystem. That's not oversight. That's business model.
MCP is an open standard. If Zap builds an AI feature, it's closed — it works within their platform, accessible only by the models they integrate. Roofhound connects each brokerage to the entire ecosystem: Claude, GPT, Gemini, and any agent that adopts the protocol. That's the difference between a walled garden and open protocol infrastructure.
R$4,200/mo
AVERAGE PORTAL SPEND
per mid-sized brokerage
The market Roofhound addresses is exactly the distribution budget that currently goes to portals. It's not new budget we need to create — it's budget that's emotionally available.
"I only pay them because I need to be there, but I feel like the return isn't what I expect."— Director at a São Paulo brokerage, first pilot conversation
TRACTION
Founded less than 2 months ago.No finished product.12 pilots confirmed.
The data that matters isn't the volume of pilots. It's how they were acquired.
Each pilot came from a personalized demo — a live search showing the brokerage's properties not appearing on ChatGPT. No marketing campaign. No aggressive discounting. No follow-up sequences. The same approach generated the first response in under 48 hours.
That's the signal that distinguishes real traction from forced pipeline: the brokerage wasn't looking for a solution. It didn't know it had the problem. When it saw it, it asked to join.
$500K+
RAISED IN ANGEL ROUND
in less than 60 days of operation
12
BROKERAGES IN PILOT
program limited to 100 spots in Year 1
< 2 months
TIME SINCE FOUNDING
to first pilot confirmations
"You're the first people to bring this situation to our attention."— Director at a São Paulo brokerage, first cold outreach
The pilot scarcity is real: 100 spots in Year 1, by design. More than that and the quality of onboarding and enriched data would degrade. The first 100 brokerages carry a structural advantage: richer inventory → model learns first from that data → brokerage appears more frequently → moat grows before any competitor can replicate.
COMPETITIVE ADVANTAGE
The protocol is open.The enriched inventory isn't.
Anyone can build an MCP server. Roofhound's moat isn't the protocol — it's what happens when the product is used at scale.
Data as an asset.
Each enriched property trains the enrichment pipeline. With more properties processed, the model improves — more precise descriptions, richer metadata, greater relevance to LLMs. One brokerage's data improves data quality for all others. This isn't replicable by a competitor starting from scratch.
Network effect in MCP.
More brokerages on the MCP server → broader, geographically diverse inventory → more useful for AI models to query → models prefer the Roofhound MCP as a source for real estate questions → more brokerages want to be there. It's the flywheel Google built for search indexing — but on a protocol no portal controls.
Integration depth.
Pilot brokerages use Kenlo and Jetimob as their CRM. Direct integration — Roofhound-enriched data returning to the CRM, improving listings on portals too — turns Roofhound into the data backbone of the business. Switching cost grows over time. Not lock-in by contract. Lock-in by accumulated value.
The MCP protocol is open. But the enriched inventory, the network of integrated brokerages, and the 12-month head start on the adoption curve aren't replicable in two sprints. The position that exists in 2026 won't be available at the same price in 2027.
MODEL
Usage-based. Zero barrier.Scales with inventory.
No onboarding contract. No fixed monthly fee. The brokerage pays proportionally to inventory size — and the enrichment cost is charged only once per property, unless the property is updated.
The unit that defines the model.
A mid-sized brokerage: 320 active properties.
As inventory grows — new listings, seasonal properties — revenue grows proportionally, with no renegotiation. A client with 320 properties today may have 400 in 18 months. No action required from Roofhound.
~85%
ESTIMATED CONTRIBUTION MARGIN
on MCP recurring revenue (infra doesn't scale linearly)
YEAR 1 PROJECTION
With 100 brokerages in the pilot, conservative average of 200 active properties each:
Year 2: without the pilot discount, the same property volume generates R$137,000 in enrichment — and the recurring base grows as new brokerages join.
FOUNDER
[Founder section — coming soon]
This section is being finalized. Founder background and founder-market fit context will be published here before the round closes.
THE ROUND
[Round details — coming soon]
This round funds four specific milestones:
No sales team hiring is planned for this round. Initial distribution is direct — personalized demo, cold email with problem proof, brokerage referrals. Capital goes to product and infrastructure.
The thesis is simple.The window isn't.
The real estate search channel is migrating — from portals to conversational AI. This is observed behavior, not a projection. Roofhound is building the infrastructure that connects brokerage inventory to this new channel, before the market realizes it needs it.
The position built in 2026 isn't available at the same price in 2027.
For investors with a thesis in B2B infra, proptech, or LatAm — a 30-minute conversation is enough to close the thesis or rule it out.
Pilot limited to 100 brokerages in Year 1. 12 spots filled. Round open to [X] strategic investors.
REFERENCES
Sources
Claims marked with superscript numbers in the text correspond to the sources below. American market data — estimated lag to Brazil: 12–18 months.
AI in Real Estate Search: 2026 Benchmark Report
FlyDragon Research—2026·8.2 million queries, 192 American cities
- ↳61% of real estate searches begin through AI
- ↳91% of brokerages are invisible to AI searchers
- ↳Agents that launched in 2025 receive 5.7× more citations than those that launched 12 months later, even with larger budgets
Data reflects American market. Estimated lag to Brazil: 12–18 months.
MCP Donation to Linux Foundation — AAIF Announcement
Anthropic—December 2025
- ↳MCP donated to Linux Foundation as open infrastructure
- ↳97 million monthly SDK downloads
- ↳10,000+ MCP servers in active production
URL to be verified before publishing.
Zillow × ChatGPT Integration
Zillow Group—October 2025
- ↳First major American portal with conversational LLM-powered property search
Sourced from company press release. Link to be verified.
Homes.com Smart Search (Azure OpenAI)
CoStar Group / Homes.com—October 2025
- ↳Conversational property search powered by Azure OpenAI
Sourced from company announcement. Link to be verified.
Redfin Conversational Search on ChatGPT
Redfin—November 2025
- ↳Integration of conversational property search into ChatGPT
Sourced from product announcement. Link to be verified.
Realtor.com ChatGPT App
Move, Inc. / Realtor.com—March 2026
- ↳ChatGPT-native real estate search application
Sourced from product launch announcement. Link to be verified.