Shadow Ventures

Shadow Ventures is an Atlanta-based venture capital firm with a specialized focus on early-stage technology companies transforming the built environment. Established to address the unique technological needs of the architecture, engineering, construction (AEC), commercial real estate (CRE), and property technology (PropTech) sectors, the firm positions itself as a key investor in this niche. Its investment thesis centers on identifying and nurturing innovative startups that introduce efficiencies, sustainability, and advanced solutions to traditional industries.

The firm primarily targets seed-stage companies, providing crucial early capital to help founders scale their nascent ventures. In October 2021, Shadow Ventures announced its second fund, Shadow Ventures Fund II, with a target size of $25 million. This fund is designed to support approximately 20 to 25 companies, underscoring a concentrated portfolio approach. The firm's commitment extends beyond capital, offering strategic guidance and leveraging its deep industry network to accelerate portfolio company growth within the complex built environment ecosystem.

Shadow Ventures typically deploys initial checks ranging from $250,000 to $750,000, reflecting its focus on seed-stage funding rounds. This range allows the firm to provide meaningful capital to nascent companies while maintaining a diversified portfolio. With over 65 investments to date, Shadow Ventures has established itself as a prolific investor in its specialized domain, contributing to the digital transformation of an industry historically slow to adopt new technologies. The firm's targeted approach aims to foster a new generation of tech-driven solutions for real estate and construction.