Navitas Capital related stories
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CPPIB among backers of Katerra's $865 mln Series DU.S. construction-focused technology startup Katerra Inc has raised US$865 million in a Series D financing. SoftBank Vision Fund led the round with participation from several new and existing investors, including Canada Pension Plan Investment Board (CPPIB). Founded in 2015, Menlo Park, California-based Katerra provides a service model and software platform that aim to reduce the time and costs associated with building development, design and construction. It will use the funds raised for continued manufacturing expansion and further investment in R&D.
Honest Buildings takes in $13 mlnNew York City-based Honest Buildings, a project management platform for real estate owners and operators, has raised $13 million in funding. The investors were Brookfield Property Partners, Rudin Management, C-III Capital Partners, Navitas Capital, Greensoil Building Innovation Fund, Bienville Capital Management, Riverpark Fund, The Westly Group, Rockport Capital, Circle Ventures and Thrive Capital.
Brookfield Property leads investment in Honest Buildings: ReutersBrookfield Property Partners LP, one of the largest commercial real estate companies, said this week it has invested in Honest Buildings, a New York project management startup that compiles data for property owners to make construction projects more efficient, Reuters reported. Brookfield led a group that raised US$13 million for Honest Buildings in the hopes its platform can establish an industry-leading standard for large property owners that need greater clarity into construction projects. Greensoil Building Innovation Fund was among the other investors in the company's Series B financing. Honest Buildings' first move abroad will be Canada and then other countries alongside Brookfield, Founder and CEO Riggs Kubiak said.
- Commercial real estate tech platform Truss rakes in $7.7 mln Series A
Truss, a commercial real estate tech platform, has secured $7.7 million in Series A funding. Navitas Capital led the round with participation from other investors that included Hyde Park Angels. Jeffrey Hammes, chairman of Kirkland & Ellis, has been added to Navitas Capital's board of directors, while Meredith Mendes, chief operating officer and executive director of Jenner & Block, will become a board observer.
- Kiddar Capital leads Series A round for Aquicore
San Francisco-base Aquicore, a provider of real-time data collection and analytics for commercial real-estate, has closed $5 million in Series A funding. Kiddar Capital led the round with participation from Navitas Capital. In addition to the funding, James Pettit, managing partner at Navitas Capital, has been added to Aquicore's board of directors.
- Kiddar Capital leads Series A round for Aquicore
San Francisco-base Aquicore, a provider of real-time data collection and analytics for commercial real-estate, has closed $5 million in Series A funding. Kiddar Capital led the round with participation from Navitas Capital. In addition to the funding, James Pettit, managing partner at Navitas Capital, has been added to Aquicore's board of directors.
Brand-name firms dominate regulatory filings in busy quarterU.S.-based firms have already raised $10 billion quarter-to-date, as many brand-name firms join the fundraising trail
- Navitas Capital targets $52 mln to invest in energy, IT
Navitas Capital, a venture capital firm based in Los Angeles, has set out to raise $50 million for its second venture fund, Navitas Capital II LP, according to a filing http://www.sec.gov/Archives/edgar/data/1669215/000166921516000001/xslFormDX01/primary_doc.xml with the SEC. The firm is also targeting $2 million for Navitas Capital II SG LP, according to a separate filing http://www.sec.gov/Archives/edgar/data/1668971/000166897116000001/xslFormDX01/primary_doc.xml The funds have yet to report a first close.
- PlanGrid raises $40 mln
PlanGrid said Monday that it raised $40 million dollars in series B funding led by Tenaya Capital. Sequoia Capital, Founders Fund, Y Combinator and Northgate Capital also took part in the round. San Francisco-based PlanGrid provides construction field enablement software.
- Sweeten fetches $3.5 mln Series A
New York Ciy-based Sweeten, which connects homeowners to screened general contractors, has secured $3.5 million in Series A funding. Navitas Capital led the round with participation from other investors that included Overnight Capital and Gotham Gal Ventures.