Groundbreak Ventures

Groundbreak Ventures is a Toronto-based venture capital firm that focuses on investing in the real estate and property technology sectors. Its areas of specialization include construction technology, building management systems, property management tools, data analytics, and machine learning. The firm also explores emerging fields such as virtual and augmented reality tools, novel building materials, modular construction, and CleanTech solutions for both commercial and residential applications. Groundbreak Ventures primarily targets pre-seed to Series A investments, aiming to support innovative entrepreneurs through the complexities of developing new ventures. By fostering collaboration and creative thinking, the firm seeks to generate significant impact in the industries it serves.

Tyler Ashby

Principal

Lawrence Fan

Venture Partner

Scott Kaplanis

Managing Partner

Sanders Lee

Partner

19 past transactions

Darabase

Seed Round in 2023
Darabase is the AR Outdoor Media Company, a turnkey platform and solution for brands, advertisers and retailers wanting to run immersive Augmented Reality Outdoor Media, layered on the real world. We augment existing outdoor media screens and billboards, deliver permission-based AR campaigns in iconic locations and provide scale geographic coverage through our "Run of World" AR inventory network. We help retailers use AR to drive footfall and sales and enable property companies to monetise their estate, while monitoring what AR content is being placed and viewed in their locations.

Green Badger

Seed Round in 2022
Green Badger, LLC offers cloud-based automation and compliance solutions tailored for the green construction industry. Founded in 2013 and headquartered in Savannah, Georgia, the company provides a comprehensive LEED Documentation Software platform that allows users to document and verify LEED construction credits from various devices, including computers, smartphones, and tablets. This software facilitates real-time updates for team members and project owners, and it includes features for verifying VOC content and exporting reports suitable for LEED credit documentation. Green Badger's platform is designed for general contractors, sustainability professionals, and owners, helping to streamline the documentation process and significantly reduce labor hours while minimizing the risk of penalties for unmet project goals and LEED requirements.

Hostfully

Seed Round in 2022
Hostfully helps vacation rentals companies earn more revenue and deliver a 5-star guest experience. The property management software platform distributes listings to Airbnb, HomeAway, Booking.com, and TripAdvisor, and also automates operations including payments (Stripe) and accounting (Quickbooks). Hostfully's market-leading digital guidebook platform gives travelers local recommendations and essential property information. These help managers of 10,000 properties in 80 countries around the world make vacation rental travel smoother and more delightful.

Enertiv

Series A in 2022
Enertiv, Inc. is a digital energy company based in New York that specializes in energy efficiency solutions for the real estate sector and related markets. Founded in 2011, the company focuses on optimizing building operations by transforming data into actionable insights. Enertiv's platform collects and analyzes data from various sources, supplemented by IoT devices, to monitor critical equipment, tenant spaces, and indoor environmental conditions. This comprehensive approach allows property owners and operators to identify inefficiencies and reduce waste in their operating expenses. By streamlining operations and enhancing performance, Enertiv empowers its clients to make informed, data-driven decisions that enhance asset value and improve tenant health.

AirWorks

Seed Round in 2021
AirWorks Solutions, LLC, founded in 2017 and based in Cambridge, Massachusetts, specializes in aerial mapping and surveying software tailored for the construction industry. The company emerged from MIT in 2018 and has developed a patented algorithm and web application that transforms aerial datasets into engineering base plans compatible with CAD systems. This innovative software streamlines the surveying process, allowing land developers and engineers to evaluate more job sites efficiently and significantly reducing the time required for data processing. By automating the conversion of aerial data, AirWorks enables clients to avoid the need for local processing resources and extensive training, ultimately accelerating project timelines and enhancing productivity in construction planning and acquisition.

Desana

Seed Round in 2021
Desana Network Limited, founded in 2016 and based in Scotland, develops software that provides on-demand access to a global network of flexible workspaces. Originally known as Shoal Community Ltd, the company rebranded in January 2019 to better reflect its mission. As the nature of office space usage evolves, Desana addresses the inefficiencies of traditional office leases that often result in wasted resources. By offering a solution that enables companies to reduce reliance on inflexible office arrangements, Desana aims to enhance workforce efficiency and employee satisfaction, allowing individuals to work wherever and whenever they need.

TOOLBX

Series A in 2021
TOOLBX Inc. is a Canadian company based in Toronto, established in 2016, that specializes in developing an application designed for builders, contractors, and renovators. The app facilitates the procurement of building materials by offering various order, delivery, and unloading options, thereby enhancing efficiency in construction projects. In addition to material ordering, TOOLBX provides jobsite and crew management services through its platform, enabling users to streamline operations and ensure that teams have the necessary materials at the right time. As the construction industry evolves, TOOLBX aims to support contractors and suppliers in adapting to digital solutions to improve productivity and operational effectiveness.

Fillogic

Seed Round in 2021
Fillogic is a New York-based technology company that provides retail and logistics services. The company is dedicated to maximizing efficiencies for retailers and freight delivery networks via mall-based micro-distribution hubs. It was so-founded by Bill Thayer and Rob Caucci in 2018.

Modulous

Seed Round in 2021
Our planet doesn't have sufficient homes. Our technology will help change that. We're a team of designers, engineers and technologists dedicated to creating a technology platform designed to enable the high-speed design & delivery of quality, sustainable, healthy & affordable housing, globally.

xNomad

Seed Round in 2020
Xnomad is a marketplace that connects brands, e-commerce stores and entrepreneurs with short term retail space. xNomad is a technology platform that makes browsing and booking commercial pop-up easier. It was founded in 2019 and is based in Stockholm, Sweden.

Relogix

Series A in 2020
Relogix Inc. is a Canadian company based in Ottawa that specializes in developing sensor-based devices for monitoring and tracking unused office spaces. The company offers its UtiLive system, which combines advanced sensor technology and a machine learning analytics engine to provide real-time insights into workplace usage. This system helps identify usage patterns, enabling real estate professionals to optimize their portfolios effectively. Relogix operates on a sensor-as-a-service pricing model, which encompasses initial floor planning, the deployment of sensor devices, and ongoing monitoring through a cloud-based application. Founded in 2010, Relogix primarily serves large enterprises and commercial real estate portfolios, particularly those with dynamic mobile workforces, such as technology firms and financial institutions.

gofor

Series A in 2020
GoFor Industries Inc. operates an online platform that specializes in on-demand delivery services for building materials and equipment, specifically targeting the home improvement and construction sectors. Founded in 2016 and based in Ottawa, Canada, the company offers a mobile application that facilitates last-mile and same-day delivery solutions for suppliers and retailers. GoFor's streamlined platform integrates various logistics capabilities, including eCommerce integration, dispatching, and reporting, enabling businesses to enhance their existing delivery fleets or outsource their logistics needs entirely.

Local Logic

Series A in 2020
Local Logic focuses on collecting, cleaning, and combining data to help travelers, home buyers, and consumers make better, more informed decisions when it comes to location. Co-founded in 2014 by urban planners turned data scientists, Local Logic™ focuses on collecting, cleaning, and combining data to help travellers, home buyers, and consumers make better, more informed decisions when it comes to location. Location in a city determines your experience. The location of your hotel determines what you can do on your vacation. The location of your restaurant determines the ambiance of your night out. And the location of your home determines how you will commute every single day. They want to enable people to harness the power of location to live great experiences.

Envoy Technologies

Series A in 2020
Envoy Technologies Inc. provides electric vehicle-sharing services. It offers luxury, city, and two wheeler vehicles for multifamily, workplaces, and hotels. The company also provides fleet insurance, customer support, fleet maintenance, on site car wash, charging station installation, on-site staff training, and other services. It offers on-demand vehicles at apartments, student housing, office campuses, co-working spaces, hotels, and municipalities in California and New York. Envoy Technologies Inc. was incorporated in 2016 and is based in Culver City, California.

Enertiv

Seed Round in 2020
Enertiv, Inc. is a digital energy company based in New York that specializes in energy efficiency solutions for the real estate sector and related markets. Founded in 2011, the company focuses on optimizing building operations by transforming data into actionable insights. Enertiv's platform collects and analyzes data from various sources, supplemented by IoT devices, to monitor critical equipment, tenant spaces, and indoor environmental conditions. This comprehensive approach allows property owners and operators to identify inefficiencies and reduce waste in their operating expenses. By streamlining operations and enhancing performance, Enertiv empowers its clients to make informed, data-driven decisions that enhance asset value and improve tenant health.

Relogix

Series A in 2019
Relogix Inc. is a Canadian company based in Ottawa that specializes in developing sensor-based devices for monitoring and tracking unused office spaces. The company offers its UtiLive system, which combines advanced sensor technology and a machine learning analytics engine to provide real-time insights into workplace usage. This system helps identify usage patterns, enabling real estate professionals to optimize their portfolios effectively. Relogix operates on a sensor-as-a-service pricing model, which encompasses initial floor planning, the deployment of sensor devices, and ongoing monitoring through a cloud-based application. Founded in 2010, Relogix primarily serves large enterprises and commercial real estate portfolios, particularly those with dynamic mobile workforces, such as technology firms and financial institutions.

INDUS.AI

Series A in 2019
indus.ai, Inc., a technology company, provides a construction Intelligence-as-a-Service software to organize chaos involving people, equipment, and materials in construction sites. It offers Indus.ai, an AI-enabled computer vision software platform that allows users to gain insights about their job sites; install cameras to provide images/videos from their site and the platform turns those into analytics and insights. The company’s solutions are used for developers, general contractors, owners, safety and compliance, and construction intelligence. indus.ai, Inc. was founded in 2017 and is based in San Francisco, California with an additional office in Thornhill, Canada.

Simplicity

Seed Round in 2019
Simplicity is an intuitive, secure and private mortgage application platform for both the broker and the borrower which is available anytime, anywhere, on any device, seamlessly integrated into your lifestyle.

Virtuo

Venture Round in 2019
Virtuo Inc. offers move-in and homeownership concierge management services. The company was founded in 2015 and is headquartered in Calgary, Canada.
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