Mintz advised Algoma, an AI-native real estate development platform, on its $2.3 million seed funding round. Algoma plans to invest the funds in expanding its engineering team, enriching its product suite, and advancing its web platform.
Algoma's software accelerates real estate developers' decision-making by delivering site feasibility in minutes. By combining market intelligence, zoning analysis, capacity calculations, construction cost data, and pro forma modeling, Algoma gives developers the confidence to make go/no-go decisions faster and at a fraction of the typical cost.
The Mintz team was led by Member Alexander Civetta, and included Technology Practice Co-chair William Perkins and Associates Marina Rothberg and Riley Odams.
Additional information about the deal is available here.