Grotto AI, a New York–based AI platform focused on helping multifamily property leasing teams improve performance, has raised $10 million in Seed funding.
Investors
The round was led by ICONIQ Capital, with participation from Asymmetric Capital Partners, as well as advisors and angel investors David Dear, Caren Maio, and Avi Dorfman.
ICONIQ Capital is a U.S.–based global investment management and family office firm operating across wealth advisory, private equity, venture capital, real estate, and philanthropic services. The firm manages approximately $95.1 billion in assets and operates multiple divisions, including venture capital (ICONIQ Growth), private equity, real estate, and philanthropy (ICONIQ Impact).
Grotto AI Use of Funds
The funding will be used to develop its AI platform further and scale its go-to-market efforts.
About Grotto AI
Founded by Nick Deveau and Ben Epstein, Grotto AI is a vertical AI company that helps multifamily operators reduce vacancy loss by supercharging their leasing teams. It delivers real-time guidance and post-call coaching that turns leasing conversations into measurable revenue. The company leverages advanced machine learning models trained on hundreds of thousands of leasing interactions to identify behavioral signals that drive lease conversions. Headquartered in New York, Grotto AI's platform currentl use by major operators such as Weidner Apartment Homes. Grotto's mission is to help humans shine in the moments that matter most.
Funding Details
Company: Grotto, Inc.
Raised: $10.0M
Round: Seed
Funding Date: February 2026
Lead Investor: ICONIQ
Additional Investors: Asymmetric Capital Partners, David Dear, Caren Maio, Avi Dorfman
Company Website: https://grottoai.com/
Software Category: Vertical AI / Real Estate Leasing Intelligence
Source: https://www.businesswire.com/news/home/20260219949681/en/