📝 Paraito raises $2M

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Montréal-based proptech startup Paraito has raised $2 million in equity pre-seed funding, alongside an additional $500,000 from friends, family, and legal professionals. Led by Inovia Capital with participation from Boreal Ventures, the capital will fund the commercial rollout of "Paraito Vista" and expand the startup’s technical machine learning team to scale its specialized civil law AI agents. Co-founded by tech entrepreneur and angel investor François Arbour, Paraito aims to resolve the severe provincial backlog of property transactions caused by acute notary shortages across Québec by deploying generative AI models capable of reading centuries-old handwritten land registries. Operating on a per-search SaaS model, the platform automates the highly tedious real estate title search process—identifying public claims, outstanding liens, or legal encumbrances—and claims it can help understaffed legal firms process up to three times more files without expanding their headcounts.

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