Building Ventures Q1 Portfolio News
The hallmark of Q1 has been follow-on investment activity in several of our portfolio companies. At Building Ventures we pride ourselves on being “company building” partners, and it has been great to help the entrepreneurs we work with secure additional financing to continue to rapidly execute on their plans. It has been further confirmation of our own mission as we have seen a robust and diverse set of financial, industry, and strategic investors leaning into these companies that are helping to deliver “A Better Built World” along with us.
The first quarter also provided us the privilege of meeting with an incredible number of entrepreneurs looking to make an impact all along the built world lifecycle of design, build, operate, and experience. Of the many we met, we’ve chosen to partner with Hypar by participating in their initial Seed funding round. More about them below, but suffice it to say they are on track to “generate” quite a splash in the design world.
Our Founding Investment in Hypar
We are very excited to share our initial investment in Hypar, an early stage startup creating a generative design platform to accelerate the delivery of a better built environment. Co-founders Ian Keough and Anthony Hauk are widely recognized as two of the leading voices advancing the future of generative design tools, and we are thrilled to support their mission. Building Ventures co-led this founding seed round with Keough Ventures. We look forward to helping Hypar scale the team and advance the product vision.
Our Series B Investment in Measurabl
In January, we were excited to add our investment in Measurabl, the world’s most widely adopted software for commercial real estate ESG data management. The vision articulated by Matt Ellis and his team when we initially invested in the Seed round has deeply resonated with both the real estate market and the capital markets even faster than expected. The $18 million round was led by Sway and co-investors included Salesforce Ventures, Constellation Technology Ventures, S&P Global, Impact Engine, Camber Creek, Concrete VC, and DivcoWest. We’re excited by the progress Measurabl has made and are proud to be a part of scaling this important work!
Our Series A Investment in Dandelion
In February, Dandelion Energy raised a $16 million Series A. We were thrilled to increase our investment in this smart energy platform designed to provide homes with the best available renewable heating and cooling services, geothermal. When we initially helped Kathy Hannun and James Quazi spin out of X we knew they had an opportunity to revolutionize the market, and it has been incredible to see this dream become a reality. The round was co-led by GV and Comcast Ventures, and co-investors included Lennar Corporation, Collaborative Fund, ZhenFund, New Enterprise Associates, and Ground Up Ventures. We are excited to be a continued partner in Dandelion Energy’s mission to revolutionize home heating and cooling!
Our Series A-1 Investment in Smartvid.io
The Q1 theme of follow-on investments continued in March with a Series A-1 investment in Smartvid.io. Since our initial investment in the Series A, Josh Kanner and the team have done an incredible job establishing Smartvid.io as the leader in Construction AI. With this round, they will extend that lead by building the platform’s predictive analytics capabilities with the assistance of some of the industry’s most forward-thinking customers. Building Ventures co-led this strategic funding round with Suffolk and Leawood Venture Capital. Congratulations, Smartvid.io!
Building Ventures Firm News & Events:
Inaugural BEIN Summit
This winter Building Ventures held the first summit of our Built Environment Innovation Network, an exclusive group of executives and innovators from across the spectrum of architecture, engineering, construction, and real estate who came together to discuss the digital transformation of the built environment along with special keynote presentations by WeWork and Katerra.
The Building Ventures team welcomed a new member in March! Heather Widman has joined the firm as a Principal. Adding Heather to the team will help Building Ventures fulfill our mission to identify, mentor and help build some of the most impactful startups across the Construction and Real Estate technology landscape.
Catch up with a Building Ventures team member at one of these upcoming events!
ULI Spring Meeting
April 16-18, 2019 | Nashville, TN
Oracle Future of Projects
April 24, 2019 | Washington, DC
April 30 – May 1, 2019 | San Francisco, CA
April 30 – May 2, 2019 | Rosemont, IL
May 2, 2019 | Chicago, IL
VTS Accelerate 2019
May 6-7, 2019 | New York, NY
BuiltWorlds Summit 2019
May 8-10, 2019 | Chicago, IL
Future of Real Estate Summit
May 14, 2019 | Miami, FL
May 21-23, 2019 | Annaheim, CA
MIT World Real Estate Forum
May 20-21, 2019 | Cambridge, MA
June 3-5, 2019 | San Francisco, CA
BEIN SF: Focus on Sustainability (By Invitation)
June 5, 2019 | San Francisco, CA
CRETech Trailblazers Summit
June 9-11, 2019 | Jackson Hole, WY
June 13-14, 2019 | Nashville, TN