Augustus Launches $7.5M Fund, Invests $2M in Agrippa's AI Platform

Augustus has launched a $7.5 million Qualified Opportunity Fund (QOF), committing $2 million to its sister company, Agrippa, to enhance its AI-driven commercial real estate (CRE) platform. This investment aims to accelerate the development of Agrippa's proprietary AI engine, "Marcus," which is designed to streamline CRE transactions by applying machine learning and game theory concepts.

Agrippa, an AI-powered platform, connects CRE capital seekers with providers, eliminating intermediaries and optimizing transaction outcomes. The platform's AI engine, Marcus, anticipates market trends and identifies optimal transaction counterparts, as demonstrated in a recent $45 million ground lease transaction involving the Eastside Cannery Hotel & Casino in Las Vegas.

The investment from Augustus will support Agrippa's growth by fueling hiring and development efforts. Agrippa has relocated to a Las Vegas Qualified Opportunity Zone (QOZ), securing its designation as a Qualified Opportunity Zone Business (QOZB), which offers tax incentives for long-term investments. This strategic move aligns with Agrippa's plans to hire local talent and contribute to Southern Nevada's economic development.