Fundraising Fox

Shadow Ventures

Venture capital

Atlanta · Pre-Seed–Series A · 4 people tracked

Also known as Shadow Ventures Seed · SHADOW VENTURES, LLC

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Investment thesis

Shadow Ventures invests in ambitious founders using technology to solve difficult problems across construction and real estate, which it frames as the world's largest and oldest asset class at roughly $300 trillion. The firm argues these sectors have been historically underserved by technology despite their enormous scale and spend. Its portfolio companies aim to modernize how the physical world is designed, built, and maintained — addressing challenges such as climate change, labor shortages, and housing shortages, and reshaping how people live and work.

Source: firm website, verified Aug 25, 2026.

Stage
Pre-Seed–Series A
HQ
Atlanta, Georgia, US
Instruments
Equity
Founded
2017
Last 12 months
2 investments
Private fund assets
$58.1M
VC funds
22
Tracked investments
37

Team · 4 people

from the firm's website

What they invest in

from 28 of 37 portfolio companies

SaaS ×13Construction Tech ×12AI & Machine Learning ×10PropTech ×10Enterprise Software ×5Cleantech ×3Climate Tech ×3Deep Tech ×3

HQs:United States×14Canada×1India×1

Who they back

founder profiles across 15 portfolio companies
67%
solo founders
10 of 15 mapped founding teams

Founding team size:solo founder×102 founders×5

Accelerator rootsportfolio companies that came through a program

Y Combinator ×2

Investments · 37 tracked

founders shown can be your intro path

By year:2026 · 12025 · 22021 · 12018 · 15 dated

Stake Networkgetyourstake.comin𝕏✓ verified

Stake operates a rewards platform for renters that offers cash back on moving in, paying rent, and saving, across a network of over 550,000 homes.

ConsumerFintechPropTechNew York, US

ROWLAND HOBBS(CEO)inRowland Hobbs(Co-Founder & CEO)Jimmy Jacobson(Co-Founder & Head of Product)inMark Finney(Founder, UMoveFree; General Manager, Dallas–Fort Worth)inJARED PHILLIPS(Executive Officer)ROBERT NAEDELE(Director)

Co-investorsRET Ventures

Altoura
Amenify
amenify siteamenify.comin

Amenify builds a platform that connects residents in apartment communities with local services, merchants, and online brands, enabling in-home shopping and service delivery.

AI & Machine LearningB2B MarketplacesPropTechSaaS

Everett(CEO)

Co-investorsRET VenturesMontage CapitalRWT Horizons

Arenaren.aiMar 2021

Aren offers a patented software toolset that uses computer vision and machine learning to detect, quantify, and track damage on civil infrastructure assets such as bridges, producing 3D digital twins and predictive maintenance and capital allocation plans.

AI & Machine LearningConstruction TechDeep TechSaaSNew York, US

Ali Khaloo(Executive Officer, Director)inEdgar Erasto Martinez Ceja(Executive Officer, Director)

BoardPramod Reddy(Director)

Co-investorsMaccabee VenturesGreen Egg Ventures

Ashler AIashler.ai

Ashler is an AI operating system for engineering services, providing a platform for engineering and infrastructure firms to replace outdated tools, fragmented data, and manual processes.

AI & Machine LearningConstruction TechEnterprise SoftwareSaaSNew York, US

AUAR
Automated Architectureauar.ioin

AUAR provides on-demand MicroFactories and AI software that let homebuilders produce timber building panels on-site without investing in fixed factories or equipment.

Construction TechPropTechRobotics

Co-investorsOxford Investment Opportunity Network (OION)Planet A VenturesPT1Unruly Capital

Billybillyforinsurance.comin𝕏May 2026

Billy provides certificate of insurance tracking and risk management software for the construction industry, helping companies manage insurance documents, requests, and renewals.

Construction TechInsurTechSaaSCoto De Caza, US

Brian Steven Johnson(Executive Officer)Alexander Litovchenko(Executive Officer)Griffin Jack Strier(Executive Officer, Director)

Co-investorsEntrada VenturesMetaPropMetaProp VenturesCoinbase Ventures

BotBuiltbotbuilt.comin

BotBuilt develops software and robotics technology for residential construction, automating framing and component manufacturing to reduce time, labor, and material waste in home building.

Advanced ManufacturingConstruction TechRoboticsDurham, US

Brent Wadas(Founder)in

Co-investorsY Combinator

Ecobotecobot.comin

Ecobot offers an offline-first mobile app (Collector) and web workspace (Manager) for capturing wetland, stream, vegetation, soils, and hydrology field data with GNSS-grade location and AI-assisted plant ID, then generating USACE-ready delineation reports.

CleantechClimate TechGovTechSaaSAsheville, US

Lee Lance(Executive Officer, Director)Jeremy Schewe(Executive Officer)

BoardTimothy McLoughlin(Director)in

Co-investorsRunway Venture PartnersCofounders CapitalStout Street Capital

Embueembue.comin

Embue offers a smart building platform for multifamily apartment buildings, providing central plant and in-unit equipment control, automation, monitoring, and analytics to reduce energy costs and carbon emissions.

EnergyIoTPropTech

Co-investorsAvesta FundLotus Venture PartnersThe Alchemy Fund

Eztiaeztiamaterials.comin

Eztia Materials develops HydraVolt, a proprietary cooling gel that bonds to performance fabric and activates at body temperature to reduce skin surface temperature by up to 10°C for up to 8 hours, recharging with water rather than batteries or refrigeration.

HardwareNew MaterialsSports Tech

Fluixfluix.aiin𝕏

The page presents a quote about a collaboration focused on integrating AI with environmental sustainability to transform energy use in server rooms.

AI & Machine Learning

Abhishek Sastri(Founder)in

Co-investorsREFASHIOND Ventures

FLUIXfluixpro-line.godaddysites.comin𝕏Jan 2025 · $2.1M

CleantechMangaluru, IN

Co-investorsTechstarsPi Labs

Green Badgergetgreenbadger.comin𝕏

Green Badger is a construction sustainability platform that manages LEED certification, sustainable materials tracking, embodied carbon, ESG reporting, waste management, and IAQ inspections across projects.

Climate TechConstruction TechSaaS

Co-investorsGroundBreak VenturesHamilton Ventures

Hummingbird Kineticshummingbirdkinetics.comApr 2018

Hummingbird Kinetics develops damping systems based on Fluid Structure Coupling technology adapted from NASA rocket vibration research to reduce wind-induced motion in buildings and bridges.

Construction TechDeep TechHardwareNew York, US

Hans Utz(President and Member of Board of Managers)Jamieson K. Robinson(President & CEO)

BoardMichael Soligo(Member of Board of Managers)Thomas Scarangello(Member of Board of Managers)Raymond Daddazio(Treasurer and Member of Board of Managers)

ICONiconbuild.comin𝕏

ICON designs and builds architectural structures while providing technology solutions to construction teams to improve building speed and reduce costs.

Construction TechDeep Tech

Jason Ballard(Founder & CEO)in

Co-investors1Flourish CapitalDraper AssociatesEvolution VC PartnersIndustrious VenturesKrillion VenturesModerne Ventures+11 more

InfoTycooninfotycoon.comin𝕏

SmartRent offers Inspection Management, a mobile-first platform that automates property inspections and due diligence assessments for rental property portfolios.

PropTechSaaS

JetBuildjet.build
Kadencekadence.coin𝕏

Kadence is a workplace platform that helps companies manage hybrid and in-office schedules, coordinate team activities, and build employee engagement through event planning and community features.

AI & Machine LearningEnterprise SoftwareFuture of WorkHR TechSaaSWilmington, US

Dan Bladen(Founder & CEO)in

BoardKatrina Kennedy(Director)Ezequiel Vidra(Director)Lawrence Barclay(Director)inGeorge Davies(Director)

Co-investorsForward Venture CapitalHamilton VenturesHigh AlphaKickstartManta Ray VenturesPortfolio Ventures+4 more

Kairoskairoswater.io
Konstrukonstru.comin𝕏

Konstru is a collaborative data management platform that translates building models between different software applications to maintain model data integrity.

Construction TechEnterprise SoftwareSaaS

Local Logiclocallogic.coin𝕏

Local Logic provides a location dataset covering 250 million addresses and 100 billion+ data points, delivering lifestyle and market context for real estate platforms, brokerages, and lenders.

Data & InfrastructurePropTechSaaSMontréal, CA

Vincent-Charles Hodder(Founder)inAlexandre Pagé(Founder)Gabriel Sirois

Co-investors500 GlobalGroundBreak VenturesCycle CapitalSecond Century Ventures

Luminaluminatech.co

Co-investorsAmplify CapitalStarship VenturesVirta Ventures

MagicDoormagicdoor.comin𝕏Sep 2025 · $4.5M

MagicDoor is an AI-native property management platform for property management companies, self-managed landlords, and multi-portfolio operators, with its Genie AI handling leasing, maintenance, accounting, tenant screening, and communication workflows.

AI & Machine LearningPropTechSaaS

Kasper Rune Sogaard(Founder)in

Co-investorsEarly Light VenturesMotley Fool VenturesOkapi Venture Capital

Monumentalmonumentallabs.coin𝕏

Monumental Labs develops an AI-powered robotic fabrication platform for automating stone carving and sculpture production, serving architects and builders.

Advanced ManufacturingAI & Machine LearningConstruction TechHardwareNew York City, US

Micah Springut(Founder & CEO)inSebastian Marino(CTO)

Co-investorsSeven Seven SixIceNineMythos Ventures Management, LlcPath VenturesKhosla VenturesPlural

Occuspaceoccuspace.com

Occuspace builds AI-enabled sensors that scan for wireless signals to provide real-time, anonymous occupancy and space utilization data without cameras or personally identifiable information.

AI & Machine LearningIoTPropTech

Nic Halverson(Founder)inLinus Grasel(Founder)in

Co-investorsCove FundHamilton VenturesLewis & Clark Ventures

Okibookibo.comin

Okibo builds the EG7, an autonomous AI-guided robot that performs painting, coating, and drywall finishing tasks alongside workers on construction sites.

AI & Machine LearningConstruction TechRobotics

Nadav Shuruk(Founder)in

Co-investorsBitStone Capitalkineo finance

Onscaleonscale.com

Redwood City, US

Guarav Manglik(Director)Ray Daddazio(Director)Arun Chetty(Director)Ian Campbell(Executive Officer, Director)

Co-investorsGradient VenturesStage 2 Capital

Public Gridpublicgrid.energyin

Public Grid is a platform that helps households reduce energy consumption and emissions by connecting them with neighbors and community members to take coordinated climate action.

Climate TechConsumerEnergy

Ryan Freed(Founder)inJoe R.(Founder)in

Co-investorsSkyview VenturesAlpaca VC

Rabbetrabbet.comin

Rabbet is a data management platform for real estate professionals that centralizes project and capital data to improve decision-making and operational efficiency.

Construction TechData & InfrastructureEnterprise SoftwareFintechPropTechSaaSAustin, US

Will Mitchell(Founder/CEO)in

Co-investorsCamber CreekQED InvestorsD&FG ElementsRiverside Acceleration CapitalTemerity Capital PartnersY Combinator

Stakestakerent.comin𝕏

Stake provides a platform for renters to earn cash back on rent payments and move-in costs through a network of over 550,000 homes, while also helping renters build credit and access savings tools.

B2B MarketplacesFintechPropTech

Rowland Hobbs(Co-Founder & Board Director, Chief Executive Officer)inJimmy Jacobson(Co-Founder, Head of Product)in

Co-investorsHamilton VenturesHomeTeam VenturesOperator StackRET Ventures

Studio216in

Altoura offers a spatial computing and AI-based SaaS platform (Altoura 360) that converts standard operating procedures into interactive, immersive 3D training and guidance experiences for frontline workers.

AI & Machine LearningEdTechEnterprise SoftwareSaaSSeattle, US

Jamie Fleming(Founder, CEO)Bharat Ahluwalia(CTO)Charlie Choo(Chief Customer Success Officer)Zhao Fan(Chief 3D Architect)John Thomas(Director of Professional Services)

Co-investorsID345

Surfaicesurfaice.pro

Palo Alto, US

Omar Zhan(Founder)

Co-investorsMOST Ventures

Track3D
Western Chemicalswesternchemicals.com

Western Chemicals converts wastewater into fuel through chemical processes.

CleantechEnergy

Jared West(Founder)in

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Shadow Ventures made?
Shadow Ventures has 32 tracked investments, including 2 dated in the last 24 months.
What stage does Shadow Ventures invest at?
Shadow Ventures invests at the Pre-Seed, Seed, Series A stages.
What sectors does Shadow Ventures focus on?
Shadow Ventures focuses on Cleantech, Climate Tech, Construction Tech, Hardware, PropTech, Robotics.
Where is Shadow Ventures located?
Shadow Ventures is headquartered in Atlanta, US.
Who does Shadow Ventures co-invest with?
Shadow Ventures most often shares deals with Hamilton Ventures, GroundBreak Ventures, RET Ventures, among 59 tracked co-investors.

Media · Podcasts & interviews

featuring the team

1,758 KP Reddy | Shadow Ventures | MultifamilyCollective

MultifamilyCollective · KP Reddy

KP Reddy | Shadow Ventures | MultifamilyCollective

Multifamily Media Network · KP Reddy

Venture Capital Meets Design: Exploring Opportunities with Shadow Ventures and Nick Durham

The Zweig Letter Podcast · Nick Durham

VC vs Corporate VC - KP Reddy of Shadow Ventures

KP Reddy · KP Reddy

Encore: Tech Diligence - Matthew Ohlman of Shadow Ventures

[KP Reddy] · Matthew Ohlman

Go To Market is Life or Death - Nick Durham of Shadow Ventures

[KP Reddy] · Nick Durham

Images

Shadow Ventures photoShadow Ventures photoShadow Ventures photoShadow Ventures photoShadow Ventures photoShadow Ventures photo

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