Participated · Series D · May 2023

Measurabl develops an ESG platform that helps real estate businesses manage, benchmark, report and track sustainability from building operations through capital‑markets activities. The product automates collection of electricity, water, fuel, district and waste data and can maintain social and governance documents alongside environmental data. Customers use the platform to decarbonize buildings, mitigate physical climate risk, comply with regulation and underwrite sustainability risks in transactions. Measurabl says it has over 1,000 customers and is used by 40% of global real estate asset managers. The company plans to further enhance its ESG technologies and expand to new geographies. Its recent financing positions it to continue growing amid regulatory and market pressure on real estate sustainability. Measurabl offers a widely adopted platform to measure, manage, and disclose environmental, social, and governance (ESG) performance for commercial real estate. Its software is used across 80 countries and covers more than 11 billion square feet of owned and corporate-occupied property, representing over $1 trillion in asset value. Measurabl’s product supports clients in meeting ESG regulation, decarbonization goals, climate and transition risk assessment, and capital markets reporting. The company plans to invest the latest funding into new product lines including data and professional services and to enhance its platform capabilities. Measurabl positions its tools to help property owners and occupiers collect transparent ESG data, improve performance, and access capital markets. Measurabl provides software to measure, manage and report ESG performance for commercial real estate. The company is led by founder and CEO Matt Ellis and is based in San Diego, CA. Its platform is used across more than 30,000 commercial buildings representing nearly 7 billion square feet in 70 countries, covering offices, industrial sites, sporting venues, education facilities, government campuses, data centers and retail centers. Measurabl plans to use the new funding for product R&D, partnerships, customer service, and geographic expansion into Asia along with continued growth in European and North American markets. The description focuses on the company’s core product, scale, leadership, and stated expansion priorities. Measurabl is a San Diego, CA-based software platform focused on sustainability data management, benchmarking, and reporting for the built environment. Led by founder and CEO Matt Ellis, the platform benchmarks sustainability performance across property types. Its database covers over 26,000 commercial buildings representing more than 5 billion square feet across 67 countries. The dataset includes traditional office and industrial buildings as well as major sporting venues, universities, data centers, and malls. Measurabl offers a free base version and a paid release that provides premium features such as integrations with third-party software and utility companies, investor reporting standards, and data quality assurance tools. The company closed a $7M Series A to support growth of its product and user base. Measurabl provides cloud-based software that automatically aggregates non-financial (sustainability) data and simplifies disclosure to third-party surveys and benchmarks. Its platform includes open APIs to help companies worldwide collect data and report. The company's first commercial product for GRESB reporting completed industry pilots in 2013 and launched commercially in 2014, and is used by real estate firms such as Clarion Partners, CBRE Global Investors, and TA Realty. Measurabl is piloting a Carbon Disclosure Project reporting solution with Intuit, VMware, and Jack Morton Worldwide and is recruiting participants for a Global Reporting Initiative pilot. It recently launched Utility Sync, a utility data aggregation service that can push data to ENERGY STAR Portfolio Manager. The company plans to use new funding for product R&D, new hires, and growth.

Participated · Seed · Jun 2022

Pulley builds purpose-built permitting workflow software with localized intelligence to automate submissions and status tracking for construction projects. Its product includes jurisdiction-specific guidance and integrated support from a network of local permitting consultants to reduce rounds of revision. Founded by Charlie Jacobson and Andreas Rotenberg in the second half of 2021 and based in San Francisco, the company is initially focused on commercial construction. Pulley is in closed beta across Texas, claims tens of millions of dollars’ worth of construction under permitting and says it has a growing waitlist of developers, architects, engineers and contractors. The team of six is using new capital to build out the core product, hire, and scale first within Texas and then to other markets. Its stated goal is to cut permitting times by up to 10x to address delays that inflate construction costs and slow housing and retrofit projects.

Participated · Seed · Aug 2021

Diamond Age develops a robotics and 3D-printing platform to reduce manual labor and cost in home construction. The company has built a suite of tools intended to replace more than half of the manual labor involved in building a new home and has developed 26 end-of-arm robotic tools plus a 3D printing system that prints concrete for exterior, interior and roof structures. Since its prior fundraise it has advanced its tech to print and build a 2,000-square-foot single-story home and delivered a full-scale 3-bed, 2-bath house in 11 months—four months ahead of schedule—leading to its first contract with a national homebuilder. Diamond Age says its approach can shorten builds that used to take nine months to roughly a month and aims to address labor shortages and U.S. housing supply gaps. The company has doubled in size and plans to add engineering and fabrication talent while partnering with home builders and developers to make production homebuilding more on-demand. Diamond Age develops robotic and 3D-printing systems aimed at automating single-family home construction. Its technology stack includes 26 robotic arm attachments coupled with a gantry-based 3D printing system for interior and exterior walls. The company claims its approach can reduce manual human labor by 55% and cut construction time from nine months to 30 days. Part of the recent funding will be used to build a 1,100-square-foot demonstration house as proof of concept. Diamond Age plans to offer its systems to construction companies through a RaaS (robotics as a service) rental model; pricing specifics have not been disclosed. Co-founder and CEO Jack Oslan said automation is necessary to build high-quality affordable single-family homes for the next generation.

Participated · Series B · Apr 2021

Canvas develops a collaborative robotics system for drywall finishing that pairs trained union workers with robotic tooling to deliver consistent Machine-Finished Level 5 results. The company emphasizes improved quality, schedule control, and safety, claiming to reduce typical finishing times (the article cites up to 2.5x faster and an example reduction from 7 to 2 days) while eliminating high work and repetitive motion. Canvas launched out of stealth in November 2020 after three years building a patent portfolio and working with leading builders and District Council 16 of the International Union of Painters and Allied Trades. The product targets labor shortages and growing construction demand by making finishing work more predictable and safer. The company says adoption accelerated during the COVID-19 crisis as owners and builders seek quality amid tight labor markets. Canvas plans to use new funding to accelerate deployment of its robotics technology across the built environment, beginning with drywall finishing. Canvas uses a modified JLG lift, a robotic arm, and sensors to automate drywall installation on commercial construction sites larger than 10,000 square feet. The company emerged from stealth and was founded in 2017. Canvas operates in the San Francisco Bay Area and is gearing up to move into other cities. Its machines are run by trained workers from the International Union of Painters and Allied Trades, and the founders say the robots operate faster and deliver higher-quality finishes than humans working without a robot. Canvas draws technical knowledge from work with the U.S. military on surface preparation and finishing. The company has 30 employees and says it has continued to grow through the COVID-19 crisis.

Participated · Seed · Jun 2020

Trade Hounds operates a mobile app (launched in 2019) that serves as a professional community for skilled tradespeople to showcase work via photos and video, seek advice, build networks, and find job opportunities. The platform emphasizes imagery-first profiles tailored to electricians, plumbers, carpenters and other trades that prefer to "show" their work. Trade Hounds has grown to more than 150,000 registered users. The company plans to launch a Jobs platform this summer to link qualified tradespeople with construction companies and staffing firms, enabling faster, seamless communication and access to passive candidates. Management says the Jobs product will simplify and shorten hiring for companies and staffing agencies while expanding job opportunities for tradespeople. Trade Hounds intends to use the new funding to expand its user base, roll out the Jobs platform, and grow the team; the engineering organization is led by CTO Jonathan Clark.