Fundraising Fox
Shadow Ventures
Venture capitalAtlanta · Pre-Seed–Series A · 6 people tracked
Also known as SHADOW VENTURES, LLC
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Investment thesis
Shadow Ventures backs ambitious founders solving difficult problems across construction and real estate, aiming to transform the design, building, and maintenance of the physical world — described as a $300 trillion asset class. The firm targets startups addressing climate change, labor and housing shortages, and the modernization of how people live and work. A key differentiator is its strategic LP base of large construction companies, engineering firms, architects, and real estate developers, which the firm positions as an advantage for helping portfolio companies grow and scale through industry access and adoption.
Source: firm website, verified Sep 29, 2026.
Team · 6 people
from the firm's website & public directories
What they invest in
from 28 of 39 portfolio companiesSaaS ×15Construction Tech ×13AI & Machine Learning ×12PropTech ×9Cleantech ×6Enterprise Software ×6Deep Tech ×4Climate Tech ×3
HQs:United States×18Canada×1India×1
Who they back
founder profiles across 18 portfolio companiesFounding team size:solo founder×112 founders×43 founders×24+ founders×1
Where their founders studiedfrom 21 founders with education data
Columbia University ×2HEC Montréal ×2McGill University ×2UC San Diego ×2Université de Montréal ×2
What their founders studiedfrom 24 founders with field-of-study data
Engineering ×8Business & Management ×7Design & Architecture ×4Computer Science ×3Finance & Accounting ×2Politics & Policy ×2
Where their founders worked beforefrom 25 founders with career history
Bartlett School of Architecture, University College London ×2
Accelerator rootsportfolio companies that came through a program
3 founders hold a PhD · 2 hold an MBA (of 24 with degree data)
Investments · 39 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 32022 · 22021 · 12020 · 12018 · 19 dated
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.
B2B MarketplacesConsumerFintechPropTechNew York, US
Rowland Hobbs(CEO)inJimmy Jacobson(Co-Founder & Head of Product)inMark Finney(Founder, UMoveFree; General Manager, Dallas–Fort Worth)inJARED PHILLIPS(Executive Officer)ROBERT NAEDELE(Director)NICK DURHAM(Director)in
Co-investorsRET VenturesHamilton VenturesHomeTeam VenturesOperator Stack
Altoura offers an AI-powered learning platform that turns companies' standard operating procedures, manuals, and 3D assets into interactive guides, VR/AR simulations, and chat-based guidance for training frontline workers.
AI & Machine LearningEdTechEnterprise Software
Jamie Fleming(Founder)in
Co-investorsID345
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 VenturesDreamit VenturesMontage CapitalRWT Horizons
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 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 builds robotic MicroFactories that deploy directly onto live construction sites to produce housing, working alongside homebuilders in the construction industry.
Construction TechPropTechRobotics
Mollie ClaypoolinGilles Retsinin
Co-investorsBacchus Venture CapitalConcrete Venture CapitalIcebook Investments Corp.Oxford Investment Opportunity Network (OION)Planet A VenturesPT1+2 more
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-investorsCreative HQ — The IncubatorEntrada VenturesMetaPropMetaProp VenturesCoelius CapitalCoinbase Ventures+2 more
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)inColin Devine(Cofounder)
Co-investorsY Combinator
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)inJeremy Schewe(Executive Officer)inRobb Bennett(Founder)in
BoardTimothy McLoughlin(Director)in
Co-investorsCharlotte Angel FundRunway Venture PartnersStout Street CapitalCofounders CapitalCultivation CapitalSaas Ventures, L.L.C.
Embue develops IoT and building automation solutions that help multifamily property owners reduce carbon emissions and operating costs while improving resident comfort.
CleantechEnergyIoTPropTechSaaS
Co-investorsAvesta FundE8 AngelsLotus Venture PartnersThe Alchemy Fund
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
Co-investorsScrum Ventures
FLUIX develops autonomous AI software for data center and critical infrastructure management, centered on its A.I.M.I. system that integrates fragmented HVAC, lighting, water, and server systems.
AI & Machine LearningCleantechMangaluru, IN
Abhishek Sastri(Founder)in
Co-investorsAlumni VenturesREFASHIOND VenturesTechstarsPi Labs
Green Badger provides software that helps construction and architecture teams simplify LEED compliance documentation and ESG reporting for sustainable building projects.
CleantechClimate TechConstruction TechImpact & Social GoodSaaSSavannah, US
Tommy Linstroth(Founder and CEO)in
Co-investorsGroundBreak VenturesHamilton Ventures
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)Jamieson K. Robinson, P.Eng.(President & CEO Hummingbird Kinetics LLC and Strategic Director for RWDI Damping Solutions)
BoardMichael Soligo(Member of Board of Managers)Thomas Scarangello(Member of Board of Managers)Raymond Daddazio(Treasurer and Member of Board of Managers)
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 CapitalBond Capital ManagementCapital FactoryDraper AssociatesEnsemble VCEvolution VC Partners+15 more
SmartRent offers Inspection Management, a mobile-first platform that automates property inspections and due diligence assessments for rental property portfolios.
PropTechSaaS
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)in
Co-investors515 VenturesCubit CapitalForward Venture CapitalHamilton VenturesHigh AlphaKickstart+5 more
Local Logic offers a platform that supports the home consumer journey for real estate, spanning attracting website traffic, closing deals, and driving renewals.
AI & Machine LearningData & InfrastructurePropTechSaaSMontréal, CA
Vincent-Charles Hodder(Co-Founder & CEO)inAlexandre Pagé(Founder)inGabriel Damant-Sirois(Co-Founder & CPO)inColin Stewart(Co-Founder)in
Co-investors500 GlobalGroundBreak VenturesBDC Capital CorporationCycle CapitalDesjardins CapitalSecond Century Ventures
Lumina develops construction technology for building infrastructure including schools, roads, and homes in underserved communities.
Construction TechDeep Tech
Co-investorsAmplify CapitalStarship VenturesVirta Ventures
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 LearningPropTechSaaSLas Vegas, US
Kasper Rune Sogaard(Founder)in
BoardAnn Luth(Director)Yingmei Ao Sogaard(Director)
Co-investorsEarly Light VenturesMotley Fool VenturesOkapi Venture Capital
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)in
Co-investorsSeven Seven SixIceNineMythos Ventures Management, LlcPath VenturesHummingbird VenturesKhosla Ventures+2 more
Occuspace makes plug-in sensors that measure how busy a space is anonymously using ambient Bluetooth and Wi-Fi signals, without collecting personal data or requiring wiring.
AI & Machine LearningIoTPropTechSaaSSan Diego, US
Nic Halverson(Co-founder & CEO)inLinus Grasel(Co-founder)in
Co-investorsCove FundHamilton VenturesLewis & Clark VenturesOkapi Venture Capital
Okibo builds battery-operated robots that automate painting and drywall finishing for skilled construction teams, using AI-guided 3D scanning and real-time modeling to operate without special setup.
AI & Machine LearningConstruction TechRoboticsEnglewood, US
Nadav Shuruk(Founder)in
Co-investorsBitStone Capitalkineo finance
Redwood City, US
Guarav Manglik(Director)Ray Daddazio(Director)Arun Chetty(Director)Ian Campbell(Executive Officer, Director)
Co-investorsBand of AngelsGradient VenturesSand Hill AngelsService Provider CapitalStage 2 CapitalIntel Capital
Public Grid simplifies access to household energy efficiency actions and connects individuals with their neighbors to collectively reduce emissions and save money.
CleantechClimate TechConsumerEnergyFintech
Joe R.(Founder)inRyan Freed(Founder)in
Co-investorsAlpaca VCCorigin VenturesGroundBreak VenturesHamilton VenturesSkyview VenturesUrban Innovation+1 more
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 InvestorsAlumni VenturesD&FG ElementsRiverside Acceleration CapitalTemerity Capital Partners+7 more
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
Western Chemicals converts wastewater into fuel through chemical processes.
CleantechEnergy
Jared West(Founder)in
Co-investorsCollab+CurrencyDISCIPULUS VENTURES
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
A Design + ConsultingAmenifyAUARBldboxJetBuildKairosStakeTrack3DTrack3D (formerly ConstructN)
Portfolio news
latest coverage across their companiesHummingbird Kinetics · trysignalbase.com · May 11, 2026
Kadence · finsmes.com · Oct 7, 2025
Magic Door · finsmes.com · Sep 4, 2025
Frequently asked questions
- How many investments has Shadow Ventures made?
- Shadow Ventures has 39 tracked investments, including 4 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 88 tracked co-investors.
- What size deals does Shadow Ventures back?
- Across 6 deals with disclosed amounts, Shadow Ventures has joined rounds of $2.1M – $10M (median $5.3M).
Media · Podcasts & interviews
featuring the team1,758 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
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