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The Venture Codex

Shadow Ventures

3340 Peachtree Rd NE Ste 1010, Atlanta, Georgia, 30326, United States

Overview

Seed stage venture capital firm investing in built environment technology.

Founded

2018

Deals · 12mo

0

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Canada
United States

Sector focus

Commercial Real Estate
Construction
Financial Services
Incubators
...

Investment portfolio

22rounds
NAMEDATESIZE
Eztia Materials
Oct 2025Led
$4 MSeed
Track3D
Sep 2025Participated
$10 MSeries A
MagicDoor
Sep 2025Led
$5 MSeed
Automated Architecture
Jun 2025Participated
$7 MOther Equity
Occuspace
Mar 2025Participated
$6 MSeries A
MagicDoor
Nov 2024Led
$2 MSeed
Track3D
Sep 2024Participated
$4 MSeed
OKIBO
Apr 2024Led
$8 MOther Equity
BotBuilt
Dec 2023Participated
$12 MSeed
Occuspace
Aug 2023Participated
$4 MSeed
Local Logic
Aug 2023Participated
$13 MSeries B
Kadence
Dec 2022Participated
$10 MSeed
Eztia Materials
Oct 2025Led
$4 MSeed
Track3D
Sep 2025Participated
$10 MSeries A
MagicDoor
Sep 2025Led
$5 MSeed
Automated Architecture
Jun 2025Participated
$7 MOther Equity
Occuspace
Mar 2025Participated
$6 MSeries A
MagicDoor
Nov 2024Led
$2 MSeed
Track3D
Sep 2024Participated
$4 MSeed
OKIBO
Apr 2024Led
$8 MOther Equity
BotBuilt
Dec 2023Participated
$12 MSeed
Occuspace
Aug 2023Participated
$4 MSeed
Local Logic
Aug 2023Participated
$13 MSeries B
Kadence
Dec 2022Participated
$10 MSeed
22
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Shadow Ventures: 22 funding rounds are recorded in the selected participation categories.All available history.
Shadow Ventures: 22 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed86
Series A04
Series B01
Other Equity12

Monthly Deal Activity

Shadow Ventures: 22 deals are recorded across 97 months.All available history.
Shadow Ventures: 22 deals are recorded across 97 months. All available history
MonthDeals
Oct '181
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '191
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '201
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '211
Oct '211
Nov '211
Dec '210
Jan '221
Feb '220
Mar '220
Apr '220
May '220
Jun '222
Jul '220
Aug '220
Sep '220
Oct '220
Nov '221
Dec '221
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '232
Sep '230
Oct '230
Nov '230
Dec '231
Jan '240
Feb '240
Mar '240
Apr '241
May '240
Jun '240
Jul '240
Aug '240
Sep '241
Oct '240
Nov '241
Dec '240
Jan '250
Feb '250
Mar '251
Apr '250
May '250
Jun '251
Jul '250
Aug '250
Sep '252
Oct '251
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Shadow Ventures: Real Estate & Construction is the largest displayed sector by deal count (18 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Shadow Ventures: Real Estate & Construction is the largest displayed sector by deal count (18 deals). All available history
SectorDeals
Real Estate & Construction18
AI & Machine Learning8
Enterprise Software7
Hardware & Robotics5
Fintech5
Professional Services5
Clean Energy & Sustainability4
Data, Analytics & IT4
Space & Frontier Tech3
E-Commerce & Retail2
Manufacturing2
Government & Defense1
Networks, Cloud & Communication1
Health & Life Sciences1
Developer Tools1

Deal Size Distribution

Shadow Ventures: 22 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Shadow Ventures: 22 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M11
$5M-$10M6
$10M-$25M5
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Shadow Ventures: United States has the largest recorded deal count among the displayed regions (18 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Shadow Ventures: United States has the largest recorded deal count among the displayed regions (18 deals). All available history
RegionDeals
United States18
Canada2
Israel1
Europe1
Shadow Ventures: 20 co-investors are shown, with GroundBreak Ventures sharing 3 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Shadow Ventures: 20 co-investors are shown, with GroundBreak Ventures sharing 3 recorded deals. All available history
Co-investorShared deals
GroundBreak Ventures3
Hamilton Ventures3
Okapi Venture Capital3
Cove Fund2
Cycle Capital Management2
Desjardins Capital2
Hometeam Ventures2
Jones Boys Ventures2
MetaProp2
Monta Vista Capital2
Olive Tree Ventures2
Second Century Ventures2
ABB1
Ambassador Supply1
Avesta Fund1
Band Capital Partners1
BDC Capital1
BitStone Capital1
Blue Field Capital1
Built-in Tech1

Investment Strategy

Shadow Ventures: Led accounts for 41% and participating for 59% of round participation.All available history.
Shadow Ventures: Led accounts for 41% and participating for 59% of round participation. All available history
CategoryDeals (count)Share (%)
Led941%
Participating1359%
Shadow Ventures: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
Shadow Ventures: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead667%
Co-led333%

Team

KP Reddy

Founder-General Partner

Matthew Ohlman

General Partner

Nick Durham

Senior Associate