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The Venture Codex

GroundBreak Ventures

45 St. Clair Ave W. Suite 103, Toronto, Ontario, M4V 1K9, Canada

Overview

GroundBreak Ventures™ is a property technology venture capital fund based out of Toronto and is focused on reimagining how and where people live and work. We invest in companies as early as ideation and provide both the capital and the domain expertise necessary to support the growth of our entrepreneurs, as well as the businesses they work tirelessly to build. Our goal is to invest in 5 – 10 emerging companies annually from around the world, with an emphasis on North America.

Total investments
19
Lead investments
5
Investments · 12mo
0
Active investors
4

Sector focus

  • PropTech
  • Venture Capital
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Investment portfolio

  • Crewscope

    Led · Seed · Aug 2025

    Crewscope is a jobsite productivity platform that combines weekly planning, real-time progress feedback, and performance-based incentives specifically for field crews. The platform is built for critical-path trades and was developed and proven in the field with developers, general contractors, mining operations, and civil contractors. Customers report measurable impacts including up to 10% gains in labor productivity, improved forecast accuracy, and stronger team retention, and workers report increased motivation and focus. Founded in 2023 and commercially launched in 2024, the Toronto startup is already trusted by leading developers and contractors such as Hazelview Investments, Lanterra Developments, EllisDon, Amrize/LafargeHolcim, and Maple Reinders. Crewscope plans to use new funding to expand across North America, scale predictive AI capabilities, reduce schedule risk, and help clients build higher-performance field teams. The product targets persistent industry challenges including long-term productivity declines and impending workforce retirements by aligning site teams around the critical path and recognizing performance.

  • Chexy

    Participated · Seed · Jun 2024

    Chexy began as a service to help renters earn rewards on rent and has evolved into a broader consumer finance startup focused on changing how money moves in Canada. The company is led by CEO Liza Akhvledziani Carew with co-founder Ben Gigone and a growing team. Chexy raised a $14 million Series A to advance product development and scale its offering, supported by Khosla Ventures and several early backers. The startup positions itself as addressing an underserved consumer finance market in Canada and aims to build a category-defining product. The article does not disclose revenues, users, valuation, or the company's founding year.

  • Evercloak

    Participated · Seed · Feb 2024

    Evercloak develops a refrigerant-free building dehumidification system based on a proprietary graphene-oxide composite membrane that lets water vapour pass while blocking air. The membrane separates dehumidification from cooling, reducing the energy required to dehumidify and subsequently cool air; the company says this can improve building cooling efficiency by up to 50%. Evercloak is scaling membrane production and building an advanced dehumidification prototype as part of a NYSERDA-funded pilot, with an initial US$350,000 award and a potential US$1.15M extension for full-scale development and demonstration. The company estimates its technology could reduce emissions in the State's building sector by 40%, cut peak energy consumption by 25%, and eliminate two‑to‑five megatonnes of CO2 equivalents per year. Evercloak is actively partnering with HVAC manufacturers to rapidly deploy its systems globally and aims to commercialize the technology through demonstrations in New York City buildings. The company frames its product as a market-first building dehumidification technology to improve indoor comfort while lowering greenhouse-gas emissions. Evercloak develops graphene-composite membranes and a patented manufacturing process for continuous single-layer nanomaterial coatings aimed at membrane-based dehumidification. Its HVAC solution radically reduces the electricity needed to dehumidify air, which the company says can cut air-conditioning energy demands in half. Field trials of two demonstration units in summer 2023 demonstrated performance, and the company is preparing to bring the solution to market. With an oversubscribed $2M seed round, Evercloak plans to scale up membrane manufacturing and strengthen its commercial team. The firm positions its technology as a critical efficiency lever amid rising cooling demand and international pledges to reduce emissions from cooling systems. Based in Waterloo, Ontario, Evercloak says its nano-coating manufacturing approach can also be applied to energy storage, water desalination and other industrial processes.

  • Fillogic

    Participated · Series A · Nov 2023

    Fillogic operates a technology-driven, channel-free logistics platform that converts under-utilized space in retail centers, such as shopping malls, into middle-mile logistics centers. The company offers local market logistics services and partners with enterprises, digital brands, and platform partners to expand its network. Founded in 2018 by CEO Bill Thayer, Fillogic is focused on building a logistics technology ecosystem across markets. The company reported 300% growth so far in 2023, adding new customers and partners. Fillogic intends to use its recent funding to accelerate product development and support nationwide expansion of its logistics network. Fillogic is a NYC-based Logistics-as-a-Service platform that operates mall-based micro distribution hubs to maximize efficiencies for retailers and freight delivery networks. Founded in 2018 by Bill Thayer and Rob Caucci, the company operates micro distribution hubs across the Northeast, including Connecticut, New York, New Jersey and Pennsylvania. Its platform includes a Delivery Partner Network and proprietary routing technology to support last-mile and micro-distribution operations. The company raised a $2.5m seed round, bringing total funds raised to $3.5m to date. Proceeds will be used to expand the Fillogic Hub Network nationwide into key markets including the Mid-Atlantic, Atlanta, Los Angeles, Miami, Dallas, Phoenix and San Francisco, and to support team growth. Fillogic plans further platform development to enhance its delivery partner capabilities and routing systems.

  • Local Logic

    Led · Series B · Aug 2023

    Local Logic is a location intelligence platform that digitizes the built world to create a digital twin of cities, using more than 85 billion data points and modeling over 250 million individual addresses. Its predictive analytics inform consumers, investors, developers, and governments and are used across the real estate market. The company reports more than 15 million monthly users for its consumer solutions. Local Logic’s platform offers precise, predictive analytics to quantify neighborhoods and forecast latent housing demand. The company plans to accelerate its predictive capabilities, expand partnerships with broker sites and MLS organizations, and augment its product suite with new PropTech solutions. Management says proceeds will support customer penetration, expanded product lines, and growth of go-to-market teams. Local Logic operates a location intelligence and analytics platform that quantifies qualities of any given location by combining geospatial, user-generated, and traditional real estate data with many alternative data sources. Its dataset spans more than 30 billion unique data points covering over 200 million properties across the U.S. and Canada, used to analyze factors like noise, vibrancy, walkability, transit access, and school quality. The platform surfaces real-time, predictive analytics to guide homebuyers, apartment seekers, agents, investors, developers, and urban planners toward more informed decisions. Local Logic emphasizes replacing subjective judgments with data to determine property-level attributes and the highest and best use of assets. The company has formed partnerships with real estate developers, property managers, portals, and data providers including DevMcGill, Ivanhoe Cambridge, Midwood, RE/MAX, CoreLogic, Zumper, and Realtor.ca. Proceeds from the recent financing will be used to bolster recruitment and expand the platform across North America. Local Logic develops technology that combines geospatial and user-generated usage data to quantify the qualities of any given location within a city. Its product is used to guide consumers looking for real estate or travel accommodations. The company counts clients including Centris and Sotheby’s International Realty Canada. Led by CEO Vincent-Charles Hodder and CPO Gabriel Damant-Sirois, Local Logic focuses on urban data collection and analysis. It closed a $1.15M first funding round to support growth. The company intends to use the funds to grow the team and expand its technology throughout the North American market.

Team