Participated · Seed · Feb 2024

Flexnode builds immersive, bespoke digital infrastructure with DFMA-focused construction and the advanced operation of liquid-cooling-enabled micro data centers. The company connects conceptual, customizable architecture with rapidly deployable engineering to improve data center construction and deployment assumptions and deliver data center management solutions. Founded in 2019 by Andrew Lindsey and Robert Mazer and based in Bethesda, MD, Flexnode focuses on tailoring data center procurement and consumption experiences to client-specific requirements. It raised $9m in seed funding to support its growth. The company intends to use the funds to expand operations, broaden product offerings, and accelerate development efforts. Andrew Lindsey commented that the capital will help refine and scale product offerings while challenging outmoded data center methods.

Led · Equity · May 2021

Prescient combines an integrated architectural and engineering software platform with precision off-site manufacturing to deliver a digital design-build system for multi-unit housing and hospitality projects. The platform integrates hardware and a digital thread technology to streamline planning, design, and construction. Prescient emphasizes sustainability—its system components are made from 100% recycled steel, meet high LEED standards, and can be disassembled, reused, or recycled. The company holds over 100 patents across 30 countries and has completed 57 buildings totaling 9.1 million square feet through its software and IP. The recently announced capital will be used to accelerate expansion and growth in the multifamily sector through continued investments in its technology platform. Founded in 2012 and headquartered in Charlotte, North Carolina, Prescient aims to further industrialize construction by driving efficiencies that reduce waste and construction costs. Prescient offers a proprietary digital design-build system that links standardized architectural design, automated structural engineering, precise off-site manufacturing, and rapid on-site assembly along a single digital thread. The company targets multi-unit housing and hospitality segments including condos, market-rate apartments, student housing, senior living, armed forces housing, and corporate housing. Its approach reduces on-site labor needs, accelerates schedules, and increases ROI across development, construction, and operations. Since 2013 Prescient has completed 50 buildings and 8.3 million square feet and has firm project commitments to deliver almost 4.0 million square feet in 2021. Founded in 2012 and headquartered in Charlotte, North Carolina, it operates manufacturing and engineering facilities in Mebane, NC and Arvada, CO and a Global Technical Center in Poland, employs over 400 professionals, and holds 98 patents across 30 countries. The company says it will use expanded resources to grow technological leadership and move into new segments such as seismic zones and federal opportunities. Prescient provides an integrated, model-centric BIM design platform that employs a proprietary Digital Thread to drive cost efficiency, environmental sustainability and quality. The company focuses on multi-unit housing construction and its system is designed to reduce time and cost in that sector. Prescient reported a project development pipeline exceeding 10 million square feet (about 15,000 units) scheduled for delivery in 2018 and 2019. It has built an intellectual property portfolio of over 70 patents across 30 countries and has 65 additional patents on file. Led by executive chairman Satyen Patel and CEO Magued Eldaief and based in Durham, NC, the company intends to use new capital to accelerate development of its technology platform and global growth. Financially, Prescient closed a $50m Series E that set a pre-money valuation of $650m. Prescient offers a technology platform that connects design, engineering, manufacturing and installation to deliver multi-unit buildings using a patented cold-formed steel structural system. The system is cost-competitive with wood and significantly less expensive than concrete or steel, and the company highlights durability, light weight, strength and fire resistance. Prescient has 29 patents granted across 30 countries and 52 more patents on file globally, and uses precision manufacturing including robotics and laser cutting. The company has grown from eight employees to 300, doubled its Colorado manufacturing facility to 120,000 square feet, will start production at a new North Carolina facility, and plans to add at least 75 positions in 2017. Since 2013 it has built 3 million square feet of buildings across five states and was on pace to build another 3 million square feet in 2017. Its project development pipeline exceeds 10 million square feet (equivalent to $300 million for delivery in 2018–2019) and the company expects to double revenue again in 2017. Prescient manufactures a patented structural system and provides software-driven design and manufacturing for multi-unit and residential buildings. The company targets apartments, condos, senior and assisted living, hotels, college and military dormitories. Prescient says its system is faster, greener and more cost-effective than conventional building structures and leverages lean manufacturing. The company completed its first three buildings in 2013 and reports 9 million square feet of active projects in the pipeline for 2014 and 2015. Prescient is expanding into the Texas and South Central market and plans to open a new facility later this year that it says will double manufacturing capacity. The company is backed by Kanusul Investments Pte. Ltd.

Led · Series A · Aug 2017

Site 1001 provides a cloud-based, mobile-first, location-aware facilities management platform that combines core building information, building systems and sensor data with a machine learning engine to deliver detailed operations and maintenance information. The platform surfaces data on every component of a building, from major mechanical and electrical systems down to finishes, to help owners, operators and facilities managers improve performance. The company’s building AI, “Carl,” is a focal point of its product roadmap and the firm plans to enhance it to automate and prioritize facilities maintenance tasks currently handled manually. Site 1001 said it will use the new funding to accelerate engineering and research and development as well as expand sales and implementation teams. Founded in August 2016 as a technology spin‑out from JE Dunn Construction Company and led by CEO Cleve Adams, the company operates sales offices in Southern California and Raleigh, North Carolina, and runs an R&D lab in Bend, Oregon. The recent financing increased the company’s Series A to $11M in total. Site 1001 provides a cloud-based software platform that digitizes, simplifies and automates facilities management and maintenance. Users scan a quick code with the app to pull up detailed facilities and asset information, from structural and mechanical drawings to carpet and light bulb types. The app can create task lists, log service, issue work orders, and integrate with building automation systems and smart building gateways to adjust building controls. Led by Cleve Adams (CEO) and Eric Hall (CTO), the company will use the funds to build its engineering team and develop sales and marketing. Site 1001 raised $5m in a Series A round led by JE Dunn with participation from Flyover Capital, Tifec and Ward Ventures. The company is based in Kansas City, MO.