Gridics is currently engaged in funding talks with the goal of raising $3 million. The Miami-based real estate software company expects to close its latest capital raise in the fourth quarter, CEO Jason Doyle told the South Florida Business Journal.
If the company meets that goal, its total funding would reach $7 million. The new investments would fuel its sales, business development and the expansion of its Zonar and CodeHub technologies. Its software products rapidly compile up-to-date property codes and zoning information using data from Multiple Listings Service (MLS) and property records searches. Developers can virtually analyze and assemble one or multiple parcels and customize a site’s components, including parking and average square footage of units.