Fundraising Fox

Shadow Ventures

Venture capital

Atlanta · Pre-Seed–Series A · 6 people tracked

Also known as Shadow Ventures Seed · SHADOW VENTURES, LLC

Find your way into Shadow Ventures

186 people in our graph share verified history with the Shadow Ventures team — schools, employers, funds. One of them is your warm intro.

Lauren Holsingerunlockedknows Nick Durham · together at University of Florida (overlapped)
×2knows the team · via University of Florida
knows the team · via Lumina
knows the team · via Track3D (formerly ConstructN)
knows the team · via Public Grid
×6knows the team · via Raymond James Financial Inc.
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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 Sep 15, 2026.

Stage
Pre-Seed–Series A
HQ
Atlanta, Georgia, US
Instruments
Equity
Founded
2017
Last 12 months
1 investment
Private fund assets
$58.1M
VC funds
22
Tracked investments
35
Unicorns
1

Team · 6 people

from the firm's website & public directories
Richard Thoms· Executive Officer

What they invest in

from 30 of 35 portfolio companies

SaaS ×15AI & Machine Learning ×13Construction Tech ×13PropTech ×10Enterprise Software ×6Cleantech ×5Deep Tech ×4Climate Tech ×3

HQs:United States×18Canada×1India×1

Who they back

founder profiles across 18 portfolio companies
67%
solo founders
12 of 18 mapped founding teams
54%
repeat founders
of 26 founders with career history

Founding team size:solo founder×122 founders×33 founders×24+ founders×1

Where their founders studiedfrom 21 founders with education data

McGill University ×3Columbia University ×2HEC Montréal ×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 26 founders with career history

Bartlett School of Architecture, University College London ×2

Accelerator rootsportfolio companies that came through a program

Techstars ×2Y Combinator ×2

3 founders hold a PhD · 2 hold an MBA (of 24 with degree data)

Investments · 35 tracked

founders shown can be your intro path

By year:2026 · 12025 · 32022 · 22021 · 12020 · 12018 · 19 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.

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

Altouraaltoura.com

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

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 VenturesDreamit 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

Automated Architectureauar.ioin

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-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 VenturesCoelius CapitalCoinbase VenturesHustle Fund

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.cominJan 2022 · $2.8M

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-investorsRunway Venture PartnersCofounders CapitalCultivation CapitalStout Street Capital

Embueembue.comin

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 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

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.

CleantechMangaluru, IN

Co-investorsTechstarsPi Labs

Green Badgergetgreenbadger.comin𝕏

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 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 AssociatesEnsemble VCEvolution VC PartnersIndustrious VenturesKrillion Ventures+12 more

InfoTycooninfotycoon.comin𝕏

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

PropTechSaaS

Kadencekadence.coin𝕏Dec 2022 · $10M

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

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.coin𝕏Nov 2020 · $6.1M

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

Luminaluminatech.co

Lumina develops construction technology for building infrastructure including schools, roads, and homes in underserved communities.

Construction TechDeep Tech

Co-investorsAmplify CapitalStarship VenturesVirta Ventures

Magic Doormagicdoor.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 LearningPropTechSaaSLas Vegas, US

Kasper Rune Sogaard(Founder)in

BoardAnn Luth(Director)Yingmei Ao Sogaard(Director)

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)in

Co-investorsSeven Seven SixIceNineMythos Ventures Management, LlcPath VenturesKhosla VenturesPlural

Occuspaceoccuspace.com

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 Ventures

Occuspaceoccuspace.ioinMar 2025 · $6M

Occuspace provides AI-powered sensors that detect wireless signals to deliver real-time occupancy data and space utilization metrics without cameras or personal information collection.

AI & Machine LearningIoTPropTech

Nic Halverson(Founder)inLinus Grasel(Founder)in

Co-investorsCove FundHamilton VenturesLewis & Clark VenturesOkapi Venture Capital

Okibookibo.comin

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

Onscaleonscale.com

Redwood City, US

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

Co-investorsGradient VenturesSand Hill AngelsService Provider CapitalStage 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

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

Western Chemicalswesternchemicals.comin

Western Chemicals converts wastewater into fuel through chemical processes.

CleantechEnergy

Jared West(Founder)in

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

JetBuildKairosTrack3D

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Shadow Ventures made?
Shadow Ventures has 35 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, RET Ventures, Sand Hill Angels, among 64 tracked co-investors.
What size deals does Shadow Ventures back?
Across 5 deals with disclosed amounts, Shadow Ventures has joined rounds of $2.1M – $10M (median $4.5M).

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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