Participated · Series D · May 2023

Measurabl develops an ESG platform that helps real estate businesses manage, benchmark, report and track sustainability from building operations through capital‑markets activities. The product automates collection of electricity, water, fuel, district and waste data and can maintain social and governance documents alongside environmental data. Customers use the platform to decarbonize buildings, mitigate physical climate risk, comply with regulation and underwrite sustainability risks in transactions. Measurabl says it has over 1,000 customers and is used by 40% of global real estate asset managers. The company plans to further enhance its ESG technologies and expand to new geographies. Its recent financing positions it to continue growing amid regulatory and market pressure on real estate sustainability. Measurabl offers a widely adopted platform to measure, manage, and disclose environmental, social, and governance (ESG) performance for commercial real estate. Its software is used across 80 countries and covers more than 11 billion square feet of owned and corporate-occupied property, representing over $1 trillion in asset value. Measurabl’s product supports clients in meeting ESG regulation, decarbonization goals, climate and transition risk assessment, and capital markets reporting. The company plans to invest the latest funding into new product lines including data and professional services and to enhance its platform capabilities. Measurabl positions its tools to help property owners and occupiers collect transparent ESG data, improve performance, and access capital markets. Measurabl provides software to measure, manage and report ESG performance for commercial real estate. The company is led by founder and CEO Matt Ellis and is based in San Diego, CA. Its platform is used across more than 30,000 commercial buildings representing nearly 7 billion square feet in 70 countries, covering offices, industrial sites, sporting venues, education facilities, government campuses, data centers and retail centers. Measurabl plans to use the new funding for product R&D, partnerships, customer service, and geographic expansion into Asia along with continued growth in European and North American markets. The description focuses on the company’s core product, scale, leadership, and stated expansion priorities. Measurabl is a San Diego, CA-based software platform focused on sustainability data management, benchmarking, and reporting for the built environment. Led by founder and CEO Matt Ellis, the platform benchmarks sustainability performance across property types. Its database covers over 26,000 commercial buildings representing more than 5 billion square feet across 67 countries. The dataset includes traditional office and industrial buildings as well as major sporting venues, universities, data centers, and malls. Measurabl offers a free base version and a paid release that provides premium features such as integrations with third-party software and utility companies, investor reporting standards, and data quality assurance tools. The company closed a $7M Series A to support growth of its product and user base. Measurabl provides cloud-based software that automatically aggregates non-financial (sustainability) data and simplifies disclosure to third-party surveys and benchmarks. Its platform includes open APIs to help companies worldwide collect data and report. The company's first commercial product for GRESB reporting completed industry pilots in 2013 and launched commercially in 2014, and is used by real estate firms such as Clarion Partners, CBRE Global Investors, and TA Realty. Measurabl is piloting a Carbon Disclosure Project reporting solution with Intuit, VMware, and Jack Morton Worldwide and is recruiting participants for a Global Reporting Initiative pilot. It recently launched Utility Sync, a utility data aggregation service that can push data to ENERGY STAR Portfolio Manager. The company plans to use new funding for product R&D, new hires, and growth.

Participated · Series A · Aug 2022

VendorPM operates a software-enabled two-sided marketplace that modernizes how property managers work with vendors by enhancing vendor management, sourcing, procurement and compliance. The platform supports over 5,000 buildings, close to 40,000 service vendors, and hosts 120+ property management organizations across major Canadian cities and a growing number of U.S. cities. Building managers use VendorPM to obtain multiple bids, standardize workflows, and simplify procurement-to-payment processes across asset classes. The company plans to aggressively expand its U.S. footprint into additional markets including Chicago and Washington, D.C., and to continue growing adoption among commercial real estate firms. VendorPM will use the new funding to reinvest in its team and platform and to build new product offerings for vendors and property managers, including payment technology to create a more frictionless workflow. The company highlights leading users such as Colliers, Golub & Co., Avison Young and BentallGreenOak as part of its customer base. VendorPM is a Toronto-based, software-enabled marketplace that centralizes vendor management, sourcing, procurement and compliance for property managers and service vendors. Its platform supports over 400 building services and, in the past two years, has scaled to cover more than 5,000 buildings, 30,000 vendors and 100 property management firms, including BentallGreenOak, Cushman & Wakefield | Stevenson and Avison Young. Property managers use the SaaS tool to organize vendor data and operations, while vendors use it to market services and submit quotations and proposals. The platform aims to improve day-to-day efficiency for site staff and provide greater visibility and control for head offices across four core functions. The company raised $6 million in seed funding to support product innovation, hiring and expansion into targeted U.S. markets. CEO Emiel Bril said the long-term goal is to become a global, category-defining marketplace that replaces paper, email and spreadsheets.

Participated · Series A · Jun 2022

Altrio builds Origin, a data-driven cloud-based deal management platform that provides a single source of truth for an organization’s investment pipeline, owned assets, and proprietary market knowledge. Origin combines process automation with robust data management to reduce administrative tasks, keep teams coordinated, and streamline information flow across global operations. Customers use Origin to manage equity and debt transactions across the Americas, Europe, and Asia; users manage assets with combined AUM of more than $1 trillion, including two of the world’s three largest real estate investors. Since its August 2021 Seed round, the company has achieved a 6X increase in revenue and a 7X increase in customers. Altrio plans to use the Series A proceeds to double headcount from 26 to more than 50 by the end of 2022 and to accelerate development of its product roadmap. The company was founded in 2020 and is headquartered in Toronto, Canada.

Participated · Seed · Oct 2019

Booqed operates a platform that lets customers book short-term work spaces and venues with booking windows from an hour up to several months. Launched in September 2016 and based in Hong Kong, the company lists 1,600 spaces across Hong Kong, Shenzhen and Singapore. Listings include offices, meeting rooms, event spaces, retail stores and studios drawn from underused spaces in existing commercial properties. The platform differentiates from co-working operators like WeWork by monetizing idle commercial-property inventory for owners and managers. Most customers are corporate clients booking venues or work spaces for traveling employees. The company plans to use its seed funding on product roll-outs, marketing and hiring.

Participated · Seed · May 2019

Lane provides a SaaS enterprise platform that centralizes building systems and streamlines day-to-day office operations, including room bookings, guest registration, access control, communications, and tenant engagement with building retailers. The platform targets both tenants and property managers and has been deployed across commercial real estate portfolios. Leveraging experience in the Canadian market, Lane has expanded into the U.S. and launched across Brookfield Properties’ commercial portfolio while deepening a partnership with Convene. The company currently powers over 150 buildings across 15 major North American cities and has signed up 300 million square feet of commercial real estate globally. Lane plans to use the Series A proceeds to accelerate global expansion, continue product development, and double its 40-person team by the end of 2020. Founded in 2014 and led by CEO Clinton Robinson, the company is also launching with new clients in Brazil, Germany, the United Kingdom, Australia, and the United Arab Emirates. Lane is a Toronto-based workplace experience platform founded in 2015 by CEO Clint Robinson and CPO Kofi Gyekye. The platform provides instant access to software, perks, information, services and amenities in one place, aiming to increase engagement among tenants, office managers and landlords. Lane's product suite includes features such as notices & events, interactive amenities, maintenance requests, access control, parking & transit, perks & retail, analytics and a configurable payment engine. The company says its technology improves employee communication and interaction and drives productivity through building-centric activities. Lane has established partnerships with real estate operators including Brookfield, Dream and Colliers, bringing their global square-foot coverage to 68 million. The company raised $2.5M in funding and plans to use the proceeds for key new hires and U.S. office openings in New York and Los Angeles slated for Q3.