Altrio Communications

About Altrio Communications

Altrio Communications Inc., operating under the name Altrio, is a Toronto-based software-as-a-service (SaaS) firm established in 2020 by co-founders Raj Singh (CEO) and Jon Simpson (CTO). The company was founded to address the inefficiencies and lack of purpose-built technology in the real estate investment sector, a challenge the founders experienced firsthand over two decades in the industry. Singh's background includes founding Voyanta, which was acquired by Altus Group, and serving as head of Canada for the real estate investment marketplace Cadre. Simpson previously held the role of deputy CTO at FundApps, a provider of compliance monitoring services.

Altrio provides a data-driven deal management platform, named Origin, for the global commercial real estate (CRE) capital markets. The platform serves a diverse client base, including real estate investors, lenders, managers, brokers, and developers, with customers on five continents managing over $2 trillion in assets. The company's business model is centered on its cloud-based Origin platform, which helps clients automate workflows, manage investment pipelines, and harness proprietary and market data to make more informed decisions. Origin is designed to unify the entire deal lifecycle, from initial screening and underwriting to closing, thereby reducing time spent on administrative tasks and centralizing critical information that is often fragmented across emails and spreadsheets.

The Origin platform features several key functionalities. It automatically extracts deal information from documents and emails, creates a searchable database of market comparables from a user's own deals, and provides tools for pipeline tracking, CRM, and digital deal marketing. The system supports various aspects of real estate investment, including acquisitions, asset management, development, lending, and capital raising. By consolidating these functions, Origin aims to eliminate manual data entry, improve process consistency, and provide real-time visibility into deals and market insights. The company has successfully raised capital to fuel its growth, including a $6.21 million Series A round in May 2022, to expand its team and accelerate product development.