DivcoWest
301 Howard Street Suite 2100, San Francisco, CA, 94105, United States
Overview
Founded in 1993, DivcoWest is a vertically integrated, real estate investment firm headquartered in San Francisco, with offices in Los Angeles, Menlo Park, Boston, Washington DC and New York City. Known for long-standing relationships and experience across the risk-spectrum in markets where innovation thrives, DivcoWest combines entrepreneurial spirit with an institutional approach to deliver real estate solutions and opportunities to the world’s most forward-thinking companies and investors. DivcoWest aims to create environments that inspire ingenuity, promote growth, and enhance health and well-being. Since inception, DivcoWest and its predecessor have acquired approximately 48 million square feet of commercial space - primarily throughout the United States - and have invested in leading venture-backed Proptech companies, seeking to unlock value for both DivcoWest portfolio companies and its properties. DivcoWest’s real estate portfolio currently includes existing and development properties in the office, R&D, lab, industrial, retail and multifamily spaces.
- Total investments
- 27
- Lead investments
- 3
- Investments · 12mo
- 2
- Active investors
- 6
Investment portfolio
- LightTable
Participated · Series A · May 2026
LightTable develops an AI-powered platform that performs peer review of real estate development documents. Its system processes PDFs including architectural plans and engineering specifications and delivers coordinated reviews covering constructability, mechanical, electrical, plumbing (MEP), accessibility, and fire and life safety. The platform generates a list of potential issues that could lead to change orders or construction delays. LightTable serves developers, architects, engineers, and general contractors. The company raised $6M in seed funding and intends to use the proceeds to expand operations and broaden its business reach. LightTable was founded in October 2024.
- Acelab
Participated · Series A · Oct 2025
Acelab offers a cloud-based Material Hub that acts as an always-on specification expert, parsing data from more than 150,000 building products to recommend materials based on climate, performance, and budget constraints. The platform aggregates technical specs, pricing, sustainability metrics, and code-compliance data in one workspace and includes collaboration tools for architects, contractors, and owners. Automation features generate Revit drawings, specifications, and schedules, while in-platform messaging connects users directly with manufacturers for support. Acelab currently serves over 20,000 architecture and design firms and counts half of the global top 100 firms—including Gensler, AECOM, Stantec, and CannonDesign—among its customers. Management is already scoping expansion into adjacent markets such as interior design, engineering, and infrastructure. With the new capital, the team plans to deepen its AI capabilities, integrate with major design software, and enter additional geographic markets. Including the latest raise, the company has secured more than $25 million in total funding to date.
- Field Materials, Inc.
Participated · Series A · Apr 2025
Field Materials builds an AI platform that automates material and equipment procurement for construction firms by reading vendor quotes, delivery slips, and invoices with proprietary large language models. Its AI extracts materials, units, and quantities and automatically enters the data into nine major construction accounting systems, reducing purchase order and invoice processing time by 90%. The automation improves margins and helps customers secure volume pricing. Launched less than two years ago and co-founded by Eldar Sadikov and Victor Gane, the company is already processing over $360M in purchases annually from more than 8,000 vendors. It supports customers across 27 US states and nine construction trades, including large contractors Swinerton, Teichert, and Big-D, who use the platform on over 4,500 projects. Field Materials plans to use new funding to double its team and triple its revenue in 2025. Field Materials provides AI-driven web and mobile software that streamlines material purchasing and equipment rentals by eliminating manual data entry for quotes, invoices, packing slips, and receipts. Its platform automatically identifies billing errors and saves customers an estimated 5–10% in material costs. The company supports customers across eight construction trades and integrates with the top eight accounting software systems used in construction. It also partners with professional organizations across four trades (SMACNA, NFCA, SWACCA, CFMA). Founded by Eldar Sadikov and Victor Gane and based in San Jose, CA, Field Materials sells to contractors seeking tighter procurement controls. The company plans to use new funding to expand its sales and customer success teams to accelerate growth. Field Materials offers an AI-powered material purchasing software platform with web and mobile apps used by general contractors and specialty subcontractors to streamline procurement from quote requests through orders and deliveries. The platform digitizes workflows previously handled in Excel, email, and paper, captures all email and text communications, and integrates with existing estimation and accounting software. It uses AI to check delivery slips and invoices and automates notifications and reminders to reduce errors and project delays. The company partners with both general contractors and trade-specialized suppliers to provide visibility into material orders. Field Materials was founded by Eldar Sadikov and Victor Gane and is based in Palo Alto, CA. Financially, the company recently raised a $4.65M Seed round and is reporting rapid traction with self-performing general contractors after initial adoption by specialty subs.
- Jones
Participated · Series B · Jan 2025
Jones provides AI-driven software to accelerate collection and verification of insurance certificates, endorsements, and policies, integrating bi-directionally with ERP systems. The company combines machine learning with human compliance experts to scale traditionally manual, error-prone processes. Jones has scaled to 25,039 real estate properties and construction projects covering over 2.5 billion square feet in the United States. Its product suite focuses on insurance verification, collection, integration, and decisioning across commercial and residential asset classes. Jones plans to release a suite of GenAI Agents fine-tuned on proprietary insurance data and millions of verified insurance documents to automate routine tasks and enable autonomous decision-making. The company also intends to continue expanding software workflows and deepening ERP integrations to reduce manual workloads and mitigate insurance claims.
- EliseAI
Participated · Series D · Aug 2024
EliseAI builds software that automates tenant and property-management workflows, handling routine maintenance requests, ticketing, leasing renewals, and scheduling via email, text, and phone. The company has expanded its conversational, agentic automation into scheduling and front-desk tasks for healthcare providers. Founded in 2017 and based in New York, EliseAI grew rapidly, surpassing $100 million in ARR in early 2025 and expanding headcount from about 150 to over 300 across offices in New York, San Francisco, Boston, and Chicago. It faces competition from incumbent property-management vendors such as Yardi, AppFolio, Entrata, and RealPage as well as startups like Dwelly and Flow. Recent funding history includes a $75 million Series D in August 2024 led by Sapphire Ventures and a $250 million Series E in August 2025 that valued the company at $2.2 billion. EliseAI is pursuing further expansion of its AI automation across housing and healthcare operations with the current fundraising plans.