Participated · Equity · Feb 2026

Founded in 2023 and headquartered in New York City, Cadastral builds vertically specific AI agents that automate complex commercial real estate (CRE) workflows such as T-12 analysis, lease abstraction, loan compliance, underwriting and acquisitions due diligence. Its flagship platform integrates with document systems like SharePoint, Box, Dropbox and real-estate tools such as Yardi, delivering institutional-grade analysis without customer-specific training. Since launching in late 2025, the company has attracted over 40 paying customers spanning owner-operators, REITs and service providers, demonstrating rapid market traction in a historically slow-moving industry. The product is positioned as a one-stop AI CRE analyst, aiming to democratize advanced AI capabilities across real estate, private equity and private credit. Co-founders Abhinav “Abe” Somani (ex-Leverton) and Aman Dhesi (ex-Meta, DoorDash, Square) bring deep real-estate and large-scale AI experience. Newly raised capital will fund accelerated product development and expanded go-to-market initiatives to cement Cadastral as the pre-eminent vertical AI platform for CRE. No revenue figures have been disclosed, but the company highlights ease of deployment and rapid time-to-value as key adoption drivers.

Participated · Series A · Nov 2022

Aerwave is a next-generation managed WiFi platform that builds a connectivity foundation for multifamily residential buildings using fiber-based mesh networking and proprietary software. Its product delivers instant-on, gigabit-plus internet and pervasive, seamless WiFi across apartment homes, amenity spaces, and property management areas. Since forming in 2019, Aerwave has deployed across more than 34,000 apartment homes in 28 markets and established partnerships with three of the top five multifamily REIT portfolios and 18% of the NMHC top 50 owners. The company says it expects to continue to double its size in 2025. The recent strategic financing will be used to broaden its footprint and fund product development to advance the platform and support client growth. Aerwave emphasizes customer service from multifamily industry professionals and positions its network to enable smart-home features, self-guided tours, and improved WiFi calling coverage. Aerwave provides a multifamily residential connectivity platform that delivers an instantly-accessible, gigabit-plus internet amenity and reliable connectivity for smart home devices. The company supplies a 10 Gbps fiber backbone to apartment homes, property management teams, and amenity spaces while keeping data secure and encrypted. Aerwave partners with property owners and delivers a customer service experience from a team of multifamily industry professionals. Rental communities in more than 17 markets currently use Aerwave for constant Wi‑Fi connectivity. The company plans to grow into more than 30 total markets within the next 12 months. Aerwave recently raised $20M in a Series A to scale its operating platform and support that expansion.

Participated · Equity · Mar 2022

Sustainable Living Innovations (SLI) produces technology-enabled finished buildings using proprietary, patent-protected wall and floor panels with pre-installed electrical, plumbing, mechanical, fire safety and network infrastructure. The company says its prefabricated panels enable faster construction and higher sustainability, and it targets both high-rise multifamily and affordable housing projects. SLI employs more than 80 people and operates offices in Seattle and Denver, a showroom in Seattle, and a manufacturing facility in Tacoma, Washington. SLI is expanding its Tacoma manufacturing facility and investing in continued product development and innovation. Current projects include a five-story, 124-unit apartment building for individuals who experienced long-term homelessness and 303 Battery, a 15-story, 112-unit tower pre-sold to Equity Residential that aims to meet the Living Building Challenge net zero energy requirements. The company closed an Accelerated Growth round to fund sustained growth and its project pipeline.

Participated · Equity · Sep 2021

Bilt operates a payments and neighborhood commerce platform that lets members earn rewards on rent, HOA fees, mortgage payments, and everyday neighborhood spending. The company has grown from a card business into a full loyalty ecosystem partnered with property managers and more than 40,000 merchants. Its Bilt Alliance covers more than 4.5 million homes, has signed roughly 1-in-4 apartment buildings nationwide, and works with 70% of the nation’s top 100 property managers. More than 85% of members use Bilt’s platform without the Bilt card, and the company processes payments across ACH, debit and credit rails. Bilt expects to cross $1 billion in revenue by Q1 2026, to process over $100 billion in housing spend by year-end, and to drive over $10 billion annually to neighborhood merchants. The platform includes an AI-powered neighborhood concierge, a marketplace to drive local commerce, and value-added services for property managers. Bilt Rewards operates a resident loyalty program and a neighborhood loyalty program that let renters earn points on rent and local spending and allow merchants to run targeted campaigns. The platform partners with large multifamily owners and operators and covers renters in more than four million units, with members in all 50 states. Bilt offers one-to-one point transfers to 18 loyalty programs, a travel portal, fitness bookings, an online collection of goods, and redemptions that include rent credits and down-payment assistance. The company is expanding beyond apartments into condominiums, single-family homes and plans to include mortgage payments later this year, while growing into categories like healthcare, gas, and groceries. Operational metrics cited in the articles include platform spend of over $30 billion annually (a 50% increase since January), more than 21,000 restaurant partners and 3,500 fitness studios, and partnerships with seven of the 10 largest multifamily managers. Bilt says it will use new capital to further scale its neighborhood loyalty program and merchant relationships across the country. Bilt Rewards operates a loyalty and payments platform that enables members to earn points and build credit when they pay rent and spend at local merchants. Points can be redeemed across airlines, hotels, travel, fitness classes, Amazon purchases, rent credit or toward a future down payment. The company also issues a co-branded Mastercard through Wells Fargo with no transaction fees for rent payments. Bilt reports annualized member spend nearing $20 billion and says it achieved EBITDA profitability in 2023. Its loyalty program has expanded from more than 2.5 million apartment units at the time of its last raise to nearly 4 million units today. Bilt plans to use new capital to grow its Rewards Alliance with multifamily, single-family, and student housing operators, bolster its Neighborhood Rewards program for local merchants, and expand into mortgage payment rewards. Bilt Rewards works with large multifamily owners and operators to offer a loyalty program and co-branded credit card that allow renters to earn points and improve credit via monthly rent payments. The platform has been rolled out to more than 2.5 million apartment units and has over half a million customers across its loyalty program and credit card. Bilt reports processing over $3.5 billion in annualized rent payments and over $1.6 billion in annualized card spend, with both figures rising significantly in the last 90 days. Launched in June 2021 out of the Kairos startup studio by founder and CEO Ankur Jain, the company has raised about $213 million in total funding to date. Bilt recently launched Bilt Homes, a tool that shows members homes they could buy for the same monthly payment as rent using real-time rates and personal data, and continues to offer free rent reporting to help boost credit. The company said it reached profitability earlier this year and plans to keep much of the new capital in reserves while focusing on core commercial partnerships and longer-term opportunities including a possible IPO or acquisitions. Bilt Rewards operates a loyalty program that lets renters earn points on rent payments with no fees and via a co-branded Bilt Mastercard. The company launched in June out of the Kairos startup studio and has rolled out across over 2 million rental units, addressing roughly 109 million U.S. renters. Members can earn up to 50,000 points on rent per year, accrue unlimited points on the card, and benefit from a 0-1-2-3 points structure (1x rent, 2x travel, 3x dining, 1x other purchases) with no annual fee. Bilt worked with regulators, Fannie Mae and HUD to allow points to be applied toward a mortgage and offers rent-reporting to credit bureaus and a concierge for members redeeming points toward home down payments. The company reports about 20% enrollment among residents in participating properties and has added new member benefits including interest paid as points and bonus points for new leases and renewals. Bilt says it will use the new funding to expand its real estate and loyalty partner network, grow distribution channels and make its credit-card product more widely available while positioning to eventually become a mortgage provider.

Participated · Series A · Jul 2020

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.