“May you live in interesting times.”
Fresh off the heels of ENR Future Tech, SF Tech Week, and Realcomm, the BV team has been on the road quite a bit lately hearing from designers, builders, operators, and occupiers of space about the many challenges they all face. To paraphrase our friend and Innovators Network member Ravi Chadha from his incredible presentation at our Spring BVIN Summit: “When one hears challenges, they should think opportunities.”
At BV we spend the vast majority of our time looking for opportunities. To that end, we have also been engaged with the founders and startups who are rapidly delivering solutions to these “challenges,” and we can say it will certainly mean exciting and interesting times ahead.
We are all bearing witness to the many market gyrations, as well as the macro uncertainties around interest rates, workplace occupancy, capital availability, and labor constraints just to name a few. Despite these headwinds, we are seeing our portfolio companies make tremendous progress which we are excited to share in the stories below. This is further evidenced by the many terrific career opportunities across the portfolio (84 positions available right now).
While we hope you all find some restorative time with friends and family in the “slower” summer months ahead, rest assured that the built environment startup community is working tirelessly to meet the urgent demands of those of us looking to deliver a better built world. As you will see the past few months have seen us make several investments in incredible companies with the new addition of Parpsec and exciting follow-ons in Measurabl and Aeroseal. With several more exciting investments to announce in the coming months, we know that our summer will be “interesting times” indeed.
Lastly, the recordings from all the incredible sessions at the BVIN Spring Summit are now available on the BVIN Microsite. If you are interested in applying for BVIN membership in order to access these and all other BVIN content, please contact Allen Preger.
– The BV Team
Investment Updates
Our Investment in UpCodes
We’re thrilled to lead UpCodes’ Series A round. Founders Scott and Garrett Reynolds have created a new paradigm for building code automation and compliance. Allen shares more here.
Our Investment in Measurabl
Since 2017 we’ve made 5 investments in Measurabl starting with the Series Seed. We’re pleased to join Energy Impact Partners and Sway Ventures in the recent $93 million Series D which will cement the company’s position as the software platform for ESG in real estate. Travis shares more here.
Our Investment in Aeroseal
OGCI stepped up to lead the company’s $68m Series B and were couldn’t be happier to continue supporting Amit and his incredible team on their critical mission of combating climate change through improvement of the built environment. Jesse shares more here.
Portfolio News & Activity
75F, Blokable & Mezo were all featured at Builtworld’s Buildings Conference. The program focused on companies with innovative solutions to deliver on the promise of Buildings 2.0. Take a look at more of the program here.
In The News
🤖 Built Robotics was featured in an article about the use of construction robots to deliver utility scale solar projects. See the story here.
👫Aeroseal was recognized by Ohio Business Magazine as one of the Best Workplaces in 2023. This is a team truly dedicated to putting culture first!
Pioneering another major leap forward for geothermal, Dandelion Energy, introduced it’s new mini-split system which can serve ductless homes. Read more about this breakthrough here. 🌼
🐘 ⚡️ Elephant Energy officially launched in Greater Boston as it’s second market! If you are ready to begin your home electrification journey, start here.
🏆 The G2Review named Extracker as a High-Performer in the Jobsite Management & Construction Management categories. 🏆
AEC Magazine featured Hypar’s incredible new “text to BIM” offering which promises to revolutionize the design interface for buildings. 💬
🏢 Karl May, CEO of Join Digital, was interviewed by Forbes discussing the Formula for Hybrid Work Employee Engagement. Read more here.
Mezo’s Maintenance Intelligence Platform was named to the Builtworld’s Building Tech 50. See the award announcement here. 🏠
Musings
In honor of Earth Day, 75F released this wonderful mini-doc from @PiqueAction on their role in combating climate change through building controls. 🎥
📺 Blokable released the third webinar in it’s ongoing series. This one demonstrating the Power of Advanced Manufacturing in combatting our housing crisis. The rest of the series can be found here.
Defining a new paradigm for interiors, Canoa released The Shop, the only end-to-end platform connecting designers, dealers, furniture brands and tenants. 🍱
Join’s CEO, Andrew Zukoski, was featured on the Construction Genius podcast discussing how to build trust on a project. Listen here. 👂
In May, enVerid shared the news, that the 1,000th enVerid HVAC Load Reduction (HLR®) air cleaning modules with Sorbent Ventilation Technology®(SVT®) had been included in building HVAC system designs. Onwards and Upwards 🚀
🏠 Builder Online ran a terrific feature article on Salman Ahmad, CEO of Mosaic and what it means to be a tech driven GC. Check it out here.
TechCrunch profiled the launch of UpCodes’ new AI-based research assistant. Read the full story on CoPilot here. 🦾
People Updates
Eric Krauss joined Mezo as Head of Sales 🙌
Skillit welcomed Jackie Chan-Norris as Head of Engineering 👏
Our portfolio companies have recently posted job openings for accountants, electricians, project managers, and so much more. Check out all the openings across BV portcos here. 👀
BV Updates
Ceillie delivered our first BVINfant! Please join us in welcoming Effie Clark-Keane to the Building Ventures family and further inspiring us to deliver a #betterbuiltworld.
Several members of the BV Team shared their observations on the state of Construction and Real Estate Technology with Commercial Observer. The articles can be viewed here and here.
Heather attended IMN’s SFR East 2023 where she spoke on a panel on “Proptech Venture Capital Discussion: How Much Money Is Out There?”
Gregg visited the Southwest Carpenters union’s training facility in Orange County for an event where crews could experience upcoming robotics solutions such as Canvas and Dusty. The next day he spoke at the Innovation leadership committee of the affiliated association, SWACCA (Signatory Wall and Ceiling Contractors Alliance). His session included welcoming demos from several startups, including our portfolio company, Extracker.
Mayra and Tristen Magallanes, leaders of the Bay Area Women in Construction Tech group, organized and hosted the networking event for women ahead of ENR Future Tech and before attending SF Tech Week.
Jesse participated in a roundtable discussion with several other notable tech executives hosted by Techsoft3D on the Future of Construction Technology.
Heather and Travis also attended the 25th Anniversary of Realcomm where they participated in several panels on Startup Tech Adoption and the Venture Landscape.
Building Ventures invests in companies that are reshaping the way we design, build, operate and experience our built environment. Do you know a founder we simply have to meet? Send them here!
