The Paris-based AI-native real-estate company, founded by Entrepreneurs First alumni Mehdi Rais and Amine Chraibi, has Heartcore and Balderton co-leading the round, an unusual cap-table for a pre-seed. The technical pitch is more interesting than the headline. There is a particular shape of European AI seed round that has, in 2026, become harder to land than the headline figures imply: a pre-seed in which two of the continent’s most experienced firms agree to co-lead. On Tuesday, Paris-based Davis announced a $5.5m pre-seed with Heartcore Capital and Balderton Capital both leading. The participation list adds Evantic, Yellow VC, and Entrepreneurs First on the institutional side, with an angel roster that includes operators and researchers from Meta, Black Forest Labs, Hugging Face, Supabase, Spore.Bio, and members of the founding team behind SpaceMaker, the architectural-AI startup Autodesk acquired in 2020. That last detail is the most informative one. Davis is, on paper, a real estate technology company.…