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The Venture Codex

Cushman & Wakefield

225 West Wacker Drive, Suite 3000, Chicago, IL, 60606, United States

Overview

Cushman & Wakefield is a real estate development company. It provides commercial real estate for lease and services including retail investment, energy management, financial, tax reporting, and debt services.

Total investments
6
Lead investments
0
Investments · 12mo
0
Active investors
9

Sector focus

  • Commercial
  • Commercial Real Estate
  • Consulting
  • Leasing
  • Legal
  • Property Management
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Investment portfolio

  • INGENIOUS.BUILD

    Participated · Series A · Nov 2023

    INGENIOUS.BUILD is a technology company that offers project management software tailored to real estate development and construction. Its platform emphasizes data, automation, end-to-end project management, and real-time insights to give all stakeholders greater visibility, accountability, and reduced risk. The company highlights that investors such as JLL Spark and Crow Holdings also participate as clients, and that existing investor Cushman & Wakefield remains involved. Nick Carter is CEO & Founder and is quoted about the company’s growth and industry disruption. INGENIOUS.BUILD plans to use the Series A proceeds to advance product features, expand market reach, and enhance client support infrastructure. The company positions itself to further transform how commercial construction projects are managed and executed.

  • SwiftConnect

    Participated · Series A · Oct 2022

    SwiftConnect provides a platform to manage physical office access by letting employees add digital badges to Apple Wallet or Google Wallet and use NFC-enabled door locks. The dashboard allows admins to issue room-level credentials and the company says its system is live in over 100 million square feet of office space. SwiftConnect positions itself as not requiring new reader hardware, which it says helped win enterprise clients such as Silverstein Properties. The company was founded in 2020 by Chris Kruger and Matt Kopel after they sold their prior startup, Waltz, to WeWork; Kopel conceived the idea while briefly at WeWork. SwiftConnect has a 135-person team and offices in Montreal and Stamford, and it has used prior funds for at least one acquisition (Detrios). Management plans to grow the team, expand into new geographies and pursue strategic acquisitions while emphasizing a privacy-by-design approach amid concerns about badge-based tracking and smartphone downtime. SwiftConnect provides a mobile-based NFC connected access platform that integrates with existing mobile platforms, credential technologies, and business systems to deliver centralized access management and a street-to-seat user experience. Its solution is live in over 80 million square feet across dozens of commercial real estate buildings and represents a potential opportunity of over 750 million square feet and more than one million users. Customers include Fortune 100 companies, major US and UK landlords, and leading advisory, investment, and legal firms; SwiftConnect was the first to deploy NFC mobile credentials at 7 World Trade Center. The company plans to extend its global footprint and expand customer experience teams to support a rapidly growing portfolio of enterprises and trophy buildings. SwiftConnect says its growth, including associated revenue and expense expectations, means it does not expect to need further capital unless additional strategic opportunities present themselves. The company emphasizes enterprise-grade security, operational efficiency gains, and strong product-market fit as drivers of adoption. SwiftConnect provides cloud services that tie together credential providers, reader terminals and business systems to automate identity, credentialing and permissioning for office spaces via mobile devices. Employees can add badges to Apple Wallet on iPhone or Apple Watch to gain NFC-enabled access without installing new reader hardware. The company also offers tools for space booking, visitor and meeting management and has a collaboration with Microsoft to build experiences on Microsoft Places. SwiftConnect has been deployed by large real estate clients such as Silverstein Properties at 7 World Trade Center. The startup was founded in 2020, has 70 employees and expected to reach 80 by the end of 2022. Management declined to disclose revenue or customer count; the company says it has product-market fit and significant inbound interest from new verticals and geographies. SwiftConnect offers a software-only platform that integrates with existing building- and suite-level access control systems to consolidate disparate providers into a single cloud-enabled network. Its product allows employees to use a single credential to access multiple locations and enables owners and enterprises to centrally provision and revoke access without ripping and replacing hardware. The company emphasizes rapid deployment—buildings can be networked in just a few hours—and claims partnerships and rollouts with large owners, including Silverstein Properties, targeting over 50 million square feet by year-end. SwiftConnect launched in June 2020 and is led by CEO Chip Kruger and President Matt Kopel, who previously partnered on Waltz (acquired by WeWork). The business will use new capital to hire, scale its software offerings, and bolster strategic partnerships with real estate firms and enterprises. The platform targets the shift to flexible space consumption that JLL research projects will affect at least 30% of the office market over the next decade.

  • WiredScore

    Participated · Series B · Jun 2022

    WiredScore operates the WiredScore and SmartScore certification and education programs that rate digital connectivity and smart building technology. The company helps landlords, developers, and occupants assess and promote buildings’ digital infrastructure and smart capabilities. Its offerings include certification services and an Accredited Professionals Program that currently includes over 650 professionals from more than 275 companies. WiredScore has certified over 800 million square feet of commercial and residential space, impacting roughly 8 million people across 27 countries, and recently expanded into 13 new countries with a Singapore office. The company has entered the multifamily market with WiredScore Home to bring greater connectivity transparency to residential buildings. Over the next 24 months it plans to expand its geographic footprint across North America and APAC as it pursues a goal of enabling one billion people to live and work in connected, smart buildings over the next decade. WiredScore operates Wired Certification, an internationally recognized rating system that assesses the infrastructure, connectivity and technological capacity of commercial real estate buildings. The certification provides transparency to tenants and gives landlords insights to improve and future‑proof building connectivity. The company says it works with more than 450 landlords and developers and that nearly 450 million square feet of office space is committed to Wired Certification. According to the release, 1,700 buildings are committed to certification and roughly 4 million people work in Wired Certified buildings across North America and Europe. In the first three quarters of 2018 WiredScore expanded into eight new cities and recorded a 45% uptake in certified buildings. WiredScore launched Wired Certification in 2013 and, following recent investment activity, plans to expand geographically and vertically into new product and service areas supported by the Series A financing. WiredScore operates Wired Certification, a standard that evaluates and rates technological infrastructure and internet connectivity in commercial buildings. The company launched Wired Certification in 2013 in partnership with Mayor Bloomberg and the City of New York and has certified more than 1,000 buildings totaling over 350 million square feet globally. Iconic properties such as the Empire State Building, Chicago’s Willis Tower, and The Shard in London hold Wired Certification. Tenants use the Wired Certification seal to verify that buildings provide best-in-class connectivity infrastructure. WiredScore has expanded operations to the United Kingdom, France and Germany, and plans to enter Canada soon. The company says the new investment capitalizes WiredScore for continued rapid growth and market expansion.

  • Upflex

    Participated · Series A · May 2022

    Upflex offers a suite of SaaS solutions and a global marketplace that aggregates flexible workspaces and connects occupiers, brokerages and flex-space providers. The company is the sole aggregator of WeWork inventory following an exclusive partnership that expanded its network to more than 6,000 bookable locations across 80 countries and 900 cities, with 700+ other flex operator partners. Upflex’s data-driven platform provides employers and employees with booking, portfolio management and real-time usage data to optimize hybrid work, sustainability and costs. Founded in 2018, the company positions its technology as the backbone of the flex industry and a standard for hybrid workplace operations. Upflex plans to expand its software offering, recruit talent, and grow its network to 30,000 bookable workspaces by 2025. The company reported total funding to-date of $34.1 million following the new round. Upflex operates a global marketplace for flexible workspaces, giving companies on-demand access to private offices, desks, and meeting rooms by the day, week, month, or year. The platform emphasizes sustainability through a partnership with Trees.org and claims to plant a tree for every booked area; it has planted 10,000 trees thanks to its first 100 clients. Upflex positions itself as a cost-effective, sustainable alternative to large operators and targets medium and large companies looking to reduce real-estate commitments and carbon footprints while offering workplace choice to employees. The company was founded in 2017 by Christophe Garnier and Ginger Dhaliwal and is New York–based. In addition to its marketplace, Upflex recently hired Liassine Talbi, a former IWG Regus executive, as global sales lead. The company plans to expand its standard office options and meeting-room booking capabilities.

  • Measurabl

    Participated · Series C · Sep 2021

    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.

Team

  • Brett White

    Executive Chairman and CEO

    LinkedIn
  • Andrew McDonald

    Global President & COO

    LinkedIn
  • Michelle M. MacKay

    CEO

  • Oliver Skagerlind

    Global Head of Client & Business Solutions

    LinkedIn