News

Building Ventures Announces Debut Fund

Building Ventures Closes $53 Million Built Environment Innovation Fund

Published : December 6, 2018

Building Ventures, founded by industry veterans Jesse Devitte and Travis Connors, is focused on investing in and mentoring built technology startups that will propel the built environment forward to create a better, more sustainable future. With offices in Boston and San Francisco, the new fund leverages the team’s 20 year history of operating and investing in early-stage companies across construction and real estate technologies including industry pioneers such as SketchUp, Vico Software, Newforma, and Honest Buildings. In the past few years, this emerging industry at the intersection of real estate, construction, and smart infrastructure technologies has seen a significant uptick in investment as the physical world becomes the next great programmable hardware platform.

Building Ventures October Newsletter

All the latest news with Building Ventures and our Portfolio Companies.

Published : October 25, 2018

Building Ventures offers the perfect mix of capital, mentorship and industry connections. As built environment pioneers, our mission is to provide access to funding, rich knowledge and decades of experience, to entrepreneurs, partners and disruptive thinkers. Together, we will build a better world.

Borealis Ventures launches new early-stage VC focused on a Better Built World

Building Ventures to be led by Built Environment Veteran Jesse Devitte and Travis Connors

Published : September 18, 2018

Building Ventures, an early-stage investor committed to innovation in the built world, today announced its official launch. The new initiative is co-founded by the leaders of Borealis Ventures built environment investment team, Jesse Devitte and Travis Connors. Since Borealis’ founding, the team has been the most prolific early investor in the built world space with over 20 investments and 10 successful exits in its history. With offices in Boston and San Francisco, Building Ventures will focus on funding breakthrough companies that will propel the built environment forward to a better, more sustainable future.

Built Environment Newsletter

Published : June 2018

At this year’s 20th Anniversary Realcomm keynote address, CBRE CEO, Bob Sulentic, said the company made two transformational decisions three years ago: add digital leadership to the exec team, and make technology core to all aspects of the business. On the surface, these decisions seem like simple and obvious steps for any business - particularly one managing five billion sq ft of real estate with 80,000 employees - but what is remarkable is that they made this decision only three years ago. We are just at the beginning of the transformation of the built environment, which is why we are so excited by the potential opportunity for significant impact. CBRE is an industry leader and they are just beginning to embrace that potential.

Whitepaper - Constructuring: An Unstoppable Trend

Published : May 2018

When we pass by a construction site we see tradesmen swinging hammers, tying steel reinforcement bars, pouring concrete, erecting frames, installing dry wall, laying bricks, tiling and painting. Workers are subject to the elements of weather with the expectation of rain delays written into building contracts. There are dumpsters full of building waste waiting to get trucked away. Large construction projects require long lead time ordering and use off-site holding yards to store materials until they are needed on the jobsite.

Built Environment Newsletter

Published : April 2018

Borealis has been on the road over the past several weeks talking to industry influencers across the entire spectrum of the Built Environment. The enthusiasm for the digital transformation taking place in this space is palpable and building. From the attendees of the American Institute of Architect’s Large Firm Round Table to the real estate developers at ULI’s “shark tank” event, we are seeing firsthand the opportunity that this transformation is creating for designers, developers and operators of our most ubiquitous “hardware platform”. Meanwhile, we were thrilled to add Assemble Systems to our portfolio roster and are very excited for our new syndicate partners at Dandelion Energy and Measurabl. You can read about all that and more below. And as always, if you come across a remarkable company or individuals in our domain, please let us know.

Built Environment Newsletter

Published : January 2018

Welcome to a New Year in the Built Environment. While it has only been a few weeks, January has been a busy and exciting time for Borealis Ventures and we are happy to be able to share some of the developments in the portfolio and beyond. In this edition, Jesse sat down with BUILTR to share some thoughts on why now is such an urgent time for a Better Built Environment. In addition, we have interesting news from our portfolio companies, along with some insights into a few of the up and coming teams we are helping to mentor through DesignX and UrbanX. We are really excited about the prospects for this year and look forward to sharing more with you all as it unfolds. As always, if you come across a remarkable company or individuals in our domain, please let us know.

Built Environment Newsletter

Published : November 2017

‘Tis the season for gratitude and giving and we are truly grateful for the support and collaboration from all of you in our Built Environment Innovation Community. We are pleased to share with you recent news from our portfolio companies that are making an impact not only in a global sense but also in their own communities. We are still in the early days of the digital transformation of the Built Environment. The momentum is undeniable and we couldn’t be more excited about what we see coming in the new year. As always, if you come across a remarkable company in our domain please let us know and if we can be helpful to you at any time do not hesitate to reach out.

Built Environment Inaugural Newsletter

Published : October 2017

We are excited to update you on the progress of our new Built Environment Innovation Fund. In this update, we want you to be the first to hear about our investments and invite you to be part of the BEIF community. As we move ahead with the Fund, we will be sending out periodic updates on our progress and investments.

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