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Building Ventures is a venture capital firm founded in 2017 and headquartered in Boston, Massachusetts, with an additional office in San Francisco. The firm focuses on reshaping the built environment through innovative technologies and entrepreneurial partnerships. With a fund size of $95 million, Building Ventures targets early-stage investments in companies that are innovating in the design, construction, operation, and experience of buildings.
The firm has established a strong emphasis on sustainability and decarbonization, aiming to support visionary founders who are passionate about creating impactful businesses in the built environment sector. Over the years, Building Ventures has built a portfolio of 20 companies, showcasing its commitment to fostering innovation in proptech.
Building Ventures has a notable LP base concentrated in major AEC players, which provides a structural competitive advantage for its portfolio companies. The firm has achieved significant milestones since its inception, including the launch of its second fund in September 2022, which targets 18-20 portfolio companies in construction tech, real estate tech, and sustainability.
Building Ventures specializes in early-stage investments, particularly in the 'Sapling Stage,' which targets companies in their formative development phase. The firm focuses on sectors such as design, construction, real estate, and related technologies. Their investment strategy emphasizes sustainability, efficiency, and the integration of digital technologies across the lifecycle of buildings.
Check sizes typically range from seed to Series A, aligning with their goal of partnering with founders who demonstrate tenacity and vision. Building Ventures seeks transformative technological solutions and innovative business models that can significantly impact the built environment. The firm values founders who are not only innovative but also committed to addressing the challenges of sustainability and decarbonization.
Building Ventures has invested in a diverse range of companies within the proptech sector. Notable portfolio companies include:
These companies exemplify Building Ventures' commitment to investing in innovative solutions that address the challenges of the built environment.
Jesse Devitte: Co-Founder and General Partner. Jesse has extensive experience in AEC-tech investing, having previously worked at Softech VC and Borealis Ventures. He focuses on identifying transformative technologies in the built environment.
Travis Connors: Co-Founder and General Partner. Travis brings a wealth of knowledge in venture capital and has a strong background in supporting early-stage companies within the proptech sector.
Heather Widman: Partner. Heather has a proven track record in venture capital and is instrumental in guiding portfolio companies through their growth phases.
Allen Preger: Partner. Allen specializes in investment strategy and has a deep understanding of the built environment, contributing to the firm's overall vision.
Lucas Turner-Owens: Principal. Lucas focuses on sourcing and evaluating new investment opportunities, leveraging his expertise in the proptech space.
Mayra Arntz: Principal. Mayra plays a key role in supporting portfolio companies and enhancing their operational capabilities.
Ceillie Clark-Keane: Head of Marketing & Communications. Ceillie manages the firm's outreach and communication strategies, ensuring that Building Ventures maintains a strong presence in the industry.
Matt Rightmire: Venture Partner. Matt provides strategic insights and guidance to portfolio companies, drawing from his extensive experience in venture capital.
To pitch Building Ventures, founders should submit their proposals through the firm's website at buildingventures.com. It is advisable to include a comprehensive deck that outlines the business model, market opportunity, and the technology's impact on sustainability. Building Ventures prefers pitches that demonstrate a clear understanding of the built environment sector and the challenges it faces.
Response times may vary, but founders can expect feedback within a few weeks. Warm introductions are beneficial, especially from individuals within the Built Environment Innovation Network (BVIN), as they can facilitate a more favorable review process.
In September 2022, Building Ventures launched its second fund, raising $95 million to continue driving innovation in the built environment. This fund aims to support 18-20 portfolio companies focused on construction tech, real estate tech, and sustainability.
Building Ventures has published its Winter 2025 Newsletter, indicating ongoing engagement with its audience and providing updates on portfolio companies and industry trends. The firm maintains an active communication cadence, with quarterly newsletters to keep stakeholders informed.
What investment criteria does Building Ventures look for?
Building Ventures focuses on early-stage companies in the proptech sector, particularly those in the 'Sapling Stage.' They seek founders who demonstrate tenacity and vision, with a strong emphasis on sustainability and innovative technologies.
How can I apply or pitch to Building Ventures?
Founders can pitch their ideas through the Building Ventures website at buildingventures.com. It is recommended to include a clear business model, market analysis, and how the technology addresses sustainability challenges.
What makes Building Ventures different from other investors?
Building Ventures differentiates itself through its proprietary Built Environment Innovation Network (BVIN), which connects portfolio companies with over 100 senior executives from leading global AEC and design firms, providing direct access for pilots and feedback.
What is the geographic scope of Building Ventures' investments?
The firm primarily focuses on North America, targeting companies that are innovating within the built environment sector.
What is the typical check size for investments?
Building Ventures invests in seed and Series A rounds, with check sizes varying based on the specific needs of the portfolio companies.
How involved is Building Ventures post-investment?
Building Ventures actively engages with its portfolio companies, providing access to its network and resources to help them scale and succeed in the market.
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