Institutional venture capital firms raise funds from investors and deploy them into startups that create innovative new technologies. Our VC partners are dedicated to the smart buildings space and are invested (literally) in getting across the chasm.
Episode 139 is a conversation with Joe Aamidor of Aamidor Consulting and Jeanne Casey of Nuveen. If you add me in, you get J³. This is the fourth installment of our M&A Roundup series, recorded in February 2023 all about what's happening in the marketplace right now. We unpacked the most interesting recent mergers and acquisitions in the smart buildings industry and dove into why, our reaction to them, and other trends they’re related to.
Last fall, we launched the Nexus Labs Syndicate and started off with an investment in Xeal. Today, I’m excited to announce our second investment in WattCarbon!WattCarbon, led by Nexus Pro member McGee Young, allows energy consumers to offset their energy use on a time and locational basis from renewable energy projects, demand response dispatch, and electrification projects sourced from their own communities, turning local buildings into decarbonization assets.Our investment was part of WattCarbon’s $4.5 million seed round led by True Ventures, with participation from Village Global, Jetstream, Not Boring Capital, Keiki Capital, Greensoil PropTech Ventures, and others.
It's been a month since we launched the Nexus Labs Syndicate and I'm excited to announce our first investment!Xeal provides hardware and software to real estate owners looking to provide EV charging as an amenity for their tenants. We're honored to join Keyframe Capital, ArcTern Ventures, Moderne Ventures, and others in Xeal's $40M Series B round.
“There's definitely still venture capital money out there looking for great companies, especially in the smart building space. As long as you have a clear thesis and value proposition and your tech addresses a need of a building owner/operator, you're going to pass this deeper diligence with flying colors."
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