GLEMO - Investment Memo (Web2 Operating Business)

For: Venture Capital - Pre-Seed - Confidential

Summary

Glemo is the operating layer for Brazilian and cross-border real estate. The Web2 business consolidates two validated engines: an AI Sales Agent in production with major homebuilders, and a relationship-manager brokerage operation serving domestic and Brazil-to-US demand.

This track creates value through commercial execution, product adoption, partner activation, and recurring operating evidence.

Why Now

• Brazil's largest homebuilders need qualified-buyer delivery at scale.
• Glemo's AI Agent is already in production and supports a more scalable sales workflow.
• Brazil-to-US real estate demand remains structurally attractive, but is treated as upside to the domestic engine.
• The founder has deep distribution history in Brazilian real estate and has invested USD 1M+ personally since 2021.

The Two Operating Engines

1. AI Sales Agent. Qualifies and converts buyers at scale. The flagship deployment claims approximately 30K interactions/day, documented USD 400K/year savings, and 20x capacity improvement, subject to source-backed confirmation under NDA.
2. Relationship-manager brokerage. Capital-efficient RM model across domestic Brazilian developers and a smaller cross-border corridor. Revenue is reported as gross commission, not GMV.

Traction To Evidence

• AI Agent production usage and savings methodology.
• Brokerage GMV intermediated: USD 6M+ cumulative, to be supported by CRM/BI exports.
• Anchor relationships referenced: MRV, Vivaz/Cyrela, Canopus, Lopes, BRZ, and Rogga, subject to contract/status confirmation.
• Founder capital invested: USD 1M+ since 2021, subject to supporting proof.

Business Model

• RM ramp: 2 to 25 in 6 months, then 25 to 40 by month 12, including 6 team leads/managers.
• Peak capacity: approximately 1,000 units sold/month.
• Revenue basis: gross commission, transparent and separated from GMV.
• Model output: breakeven in month 4, approximately USD 28.8M cumulative revenue over 24 months, and approximately USD 10.5M cumulative EBITDA.

The Round

• Instrument: SAFE.
• Round size: USD 2,000,000.
• Valuation cap: USD 10-12M.
• Discount: 20%.
• Advisory: 0.5% advisory seat available, subject to final agreement.

The Ask

The investor enters at a disciplined early valuation, helps accelerate commercial execution, and is positioned for potential upside if Glemo proves the model and later raises a Growth Round.