Cambio was founded by Leia de Guzman, Stephanie Grayson, Kevin Hartley in 2022.

Who are Cambio's investors?

Cambio's investors include Adverb Ventures, avra, Collaborative Fund, Maverick Ventures, Pear VC, Peterson Ventures, The MBA Fund, Y Combinator and 11 more.

How much funding has Cambio raised?

Cambio has disclosed $46.7M raised across 4 of its 6 known rounds.

Where is Cambio headquartered?

Cambio is headquartered in San Francisco, US.

Cambio

YC S22

San Francisco, US · Founded 2022 · 60 employees · Hiring · 23 known investors

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Cambio provides a platform for sustainability compliance, reporting, and retrofit planning across commercial real estate portfolios. The company serves institutional investors managing large property portfolios and helps decarbonize commercial buildings through data-driven planning and execution.

Also known as Cambio AI Inc.

AI & Machine Learning Climate Tech Enterprise Software Fintech PropTech Artificial Intelligence Real Estate B2BUnited States of AmericaAmerica / CanadaPartly Remote

Founders & leadership· Y Combinator alumni (S22)

Cambio was founded in 2022 by Leia de Guzman, Stephanie Grayson, and Kevin Hartley.

Leia de Guzman Co-FounderShe previously held the role of Investments Director at Oxford Properties/OMERS covering Europe and Asia, and studied environmental science and business at Queen's University before earning an MBA from Stanford University.

Stephanie Grayson Co-Founder & Co-CEOShe previously worked as a commercial real estate investor at KKR and Goldman Sachs, and holds degrees in Government and Economics from Harvard University and an MBA and Masters in Sustainable Built Environment from Stanford University.

Kevin Hartley Sole Manager of the IssuerKevin Hartley founded Green Mountain Energy and grew it to a $110M exit, then served as Chief Innovation Officer at Keurig. He is now Sole Manager of Cambio, a sustainability compliance and retrofit planning platform for commercial real estate portfolios.

LeonHead of Engineering

Daniel Samper PizanoFounder

Patricia Lara SaliveFounder

Investors · 23

Adverb Ventureslisted by Adverb VenturesSan Francisco · $500K – $5M

How we know: Adverb Ventures's portfolio page · press coverage · Y Combinator's founder network · Not right? Tell us

avralisted by avraHillsborough

Collaborative Fundlisted by Collaborative FundNew York · $500K – $1M

How we know: collabfund.com · Not right? Tell us

Maverick Ventureslisted by Maverick VenturesSan Francisco · $3M – $10M

How we know: Maverick Ventures's portfolio page · press coverage · open dataset · 5k.vc investor directory · Y Combinator's founder network · Not right? Tell us

Pear VClisted by Pear VCSan Francisco · $150K – $4M

How we know: Y Combinator's founder network · pear.vc · open dataset · 5k.vc investor directory · Not right? Tell us

Peterson Ventureslisted by Peterson VenturesSalt Lake City · $250K – $2.5M

How we know: Peterson Ventures's portfolio page · press coverage · Y Combinator's founder network · Not right? Tell us

The MBA Fundlisted by The MBA Fund

How we know: Y Combinator's founder network · Not right? Tell us

Y Combinatorlisted by Y CombinatorSan Francisco · $500K

How we know: the Y Combinator directory · fintech.global · open dataset · 5k.vc investor directory · Not right? Tell us

ASC VCreportedAustin

How we know: Y Combinator's founder network · Not right? Tell us

BuildersreportedMercer Island

How we know: fintech.global · Not right? Tell us

CRV (Charles River Ventures)reportedBay Area · $250K – $5M

How we know: Y Combinator's founder network · Not right? Tell us

DVCreportedRotterdam

How we know: fintech.global · Not right? Tell us

Felicis VenturesreportedSan Francisco · $500K – $15M

How we know: a partner's Signal profile · Not right? Tell us

Fifth WallreportedLos Angeles · $250K – $100M

How we know: Y Combinator's founder network · Not right? Tell us

Goodwater CapitalreportedBurlingame · $5M – $50M

How we know: fintech.global · Not right? Tell us

Great Wave VenturesreportedNew York · $250K – $1M

How we know: Y Combinator's founder network · open dataset · 5k.vc investor directory · Not right? Tell us

Leonis InvestissementreportedParis · $1.6K

How we know: fintech.global · Not right? Tell us

NFXreportedSan Francisco · $250K – $5M

How we know: Y Combinator's founder network · Not right? Tell us

Phenomenal VenturesreportedSan Francisco · $100K – $500K

How we know: Y Combinator's founder network · Not right? Tell us

Also in the syndicate · 4

EGR PartnersEncurage Financial NetworkEnvisantSandhill Capital

Funding

SEC filings, press & company announcements

$46.7M disclosed across 4 of 6 rounds · 2021–2026

$18MSeries AJan 2026
Source ↗
$18MraisedJan 2026
Source ↗
Undisclosed amountseed roundFeb 2024
Builders, DVC, EGR Partners, Encurage Financial Network, Envisant, Goodwater Capital, Leonis Investissement, Sandhill Capital, Y Combinator (YC)
Source ↗

▶$9.7MraisedMar 2026 · 13 investors · Other

Rule 506(b)

Officers, directors & promoters on the filing

Kevin HartleyExecutive Officer, Director

Offering amount: $12M
Amount sold: $9.7M
Sales commissions: $360K
Placement agents: Securities Club Broker-Dealer, LLC
First sale: Oct 2025
Incorporated: Limited Liability Company, Delaware
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

▶$5.5MofferedMay 2025 · Other

Rule 506(b)

Officers, directors & promoters on the filing

Kevin HartleyExecutive Officer, Director

Offering amount: $5.5M
Incorporated: Limited Liability Company, Delaware
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

▶$1MraisedJul 2021 · 9 investors · Other

Rule 506(b)

Officers, directors & promoters on the filing

Kevin HartleyExecutive Officer, Director

Offering amount: $1.3M
Amount sold: $1M
First sale: Jul 2021
Incorporated: Limited Liability Company, Delaware, 2018
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Related companies · 7

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MwmMWM is a technology company that manages the complete mobile app lifecycle from AI-powered creation through growth operations and global distribution. The company serves app creators, founders, and studios through its integrated platform combining MWM AI, MWM Console, and MWM Publishing, all backed by proprietary data intelligence.

PARES AIPares provides commercial real estate sales and advisory services, offering valuation guidance, investment property listing, and 1031 exchange facilitation for property investors and owners.

Assembly HOAAssembly provides software and management services for homeowners associations (HOAs), addressing operational inefficiencies through transparency and accountability. The company serves both professionally-managed and self-managed residential communities.

PropayaPropaya provides AI-powered software to automate commercial lease abstraction and analysis. The platform extracts key information from lease documents for commercial real estate professionals.

HOMLIHOMLI provides software that allows homeowners to list and sell residential properties without hiring traditional real estate agents.

TeamtailorTeamtailor is an applicant tracking system (ATS) and recruitment platform that helps companies manage the entire hiring process, from job posting and candidate sourcing to interviews, onboarding, and analytics. The platform serves small to enterprise-sized organizations across all industries seeking to streamline recruiting workflows.

Companies working in the same space as Cambio.

Legal entities · 1

corporate structure

Cambio AI Inc.

In the news

Cambio Raises $18M in Series A Fundingfinsmes.com · Jan 2026

Cambio 🏗️🌎🚀ycombinator.com · Aug 2022

Frequently asked questions

What does Cambio do?: Cambio provides a platform for sustainability compliance, reporting, and retrofit planning across commercial real estate portfolios. The company serves institutional investors managing large property portfolios and helps decarbonize commercial buildings through data-driven planning and execution.
Who founded Cambio?: Cambio was founded by Leia de Guzman, Stephanie Grayson, Kevin Hartley in 2022.
Who are Cambio's investors?: Cambio's investors include Adverb Ventures, avra, Collaborative Fund, Maverick Ventures, Pear VC, Peterson Ventures, The MBA Fund, Y Combinator and 11 more.
How much funding has Cambio raised?: Cambio has disclosed $46.7M raised across 4 of its 6 known rounds.
Where is Cambio headquartered?: Cambio is headquartered in San Francisco, US.