Groundbreak Ventures

Groundbreak Ventures is a venture capital firm based in Toronto, Canada, that focuses on investing in the real estate and construction technology sectors. The firm specializes in a range of areas, including property technology, building management systems, data analytics, machine learning, and clean technology for both commercial and residential applications. Groundbreak Ventures primarily targets pre-seed to Series A investments, aiming to support innovative startups through the complexities of the entrepreneurial journey. By fostering creativity and collaboration, the firm seeks to maximize the potential impact of its portfolio companies while providing steadfast support to entrepreneurs during both challenges and successes.

Tyler Ashby

Principal

Lawrence Fan

Venture Partner

Scott Kaplanis

Managing Partner

Sanders Lee

Partner

33 past transactions

Relogix

Private Placement in 2019
Relogix Inc. develops sensor-based devices for tracking and monitoring unused spaces across offices. It provides UtiLive, a system based on monitoring and space tracking sensors and UtiLive analytics engine, a machine learning algorithm for data analysis. The company offers its products as part of a sensor-as-a-service pricing model, which includes initial floor planning, deployment of sensor devices, and monitoring through a cloud-based application. It serves large enterprises and commercial real estate portfolios. Relogix Inc. was founded in 2010 and is based in Ottawa, Canada.

gofor

Series A in 2020
GoFor is a provider of last-mile, on-demand, and same-day delivery services and solutions for suppliers and retailers. The company's streamlined SaaS platform encompasses a full suite of logistics capabilities including eCommerce integration, dispatching, and reporting. GoFor’s delivery model allows businesses to supplement their busy fleets or act as a complete out-sourced logistics partner. It was founded in 2016 and is based in Ottawa, Ontario, Canada.

Relogix

Series A in 2020
Relogix Inc. develops sensor-based devices for tracking and monitoring unused spaces across offices. It provides UtiLive, a system based on monitoring and space tracking sensors and UtiLive analytics engine, a machine learning algorithm for data analysis. The company offers its products as part of a sensor-as-a-service pricing model, which includes initial floor planning, deployment of sensor devices, and monitoring through a cloud-based application. It serves large enterprises and commercial real estate portfolios. Relogix Inc. was founded in 2010 and is based in Ottawa, 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.

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.

TOOLBX

Series A in 2021
TOOLBX Inc. designs and develops app for builders, contractors, and renovators to order building materials from suppliers. The app provides order options, delivery options, and unloading options. The company also offers jobsite and crew management services through app and platform. TOOLBX Inc. was incorporated in 2016 and is based in Toronto, Canada.

Evercloak

Seed Round in 2024
Evercloak is a manufacturer of ultra-thin graphene and other 2-d nanomaterial films designed for cleantech applications. The company's platform uses a low-cost advanced manufacturing platform which builds ultra-thin nanomaterial membranes, enabling disruptive clean technologies to reduce cost, energy use and associated greenhouse gas emissions throughout the oil and gas, nuclear, energy, mining and agri-food sectors.

Fillogic

Series A in 2023
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.

Local Logic

Series B in 2023
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.

Desana

Seed Round in 2023
The way the world uses office space is changing. We provide the technology to facilitate that. Companies waste billions a year on under-utilised, inflexible offices that no longer serve the needs of their workforces. For years they’ve been trying to reduce reliance on traditional leases in pursuit of better efficiency, increased flexibility and happier employees. Desana provides on-demand access to a global network of flexible workspaces so that their employees can work wherever they need to be, for as long as they need it.

Enertiv

Series A in 2022
Enertiv, Inc., a digital energy company, provides data driven energy efficiency solutions to real estate, energy services, tech companies, energy software, and utilities markets worldwide. It offers energy data and analytics, sub metering and automated billing, measurement and verification, CircuitAPI, and energy consumption monitoring solutions. The company was incorporated in 2011 and is based in New York, New York.

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.

Modulous

Series A in 2022
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.

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.

Relogix

Series A in 2019
Relogix Inc. develops sensor-based devices for tracking and monitoring unused spaces across offices. It provides UtiLive, a system based on monitoring and space tracking sensors and UtiLive analytics engine, a machine learning algorithm for data analysis. The company offers its products as part of a sensor-as-a-service pricing model, which includes initial floor planning, deployment of sensor devices, and monitoring through a cloud-based application. It serves large enterprises and commercial real estate portfolios. Relogix Inc. was founded in 2010 and is based in Ottawa, Canada.

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.

Entreprise Nexmoov Inc.

Private Placement in 2020
Entreprise Nexmoov Inc., a data services company, focuses on collecting, cleaning, and combining data to help travelers, home buyers, and consumers make informed decisions on locations in the United States and Canada. The company offers solutions, such as Location Scores, which are comparative ratings of transportation, proximity to services, and character of a location; Urban Metrics that provides detailed metrics for each location score, such as noise sources, list of restaurants and cafes; and Heat Maps, which provides a bird’s eye visual representation of selected location scores or urban metrics. It serves brokers, analysts, real estate developers, Web developers, portals, and agents. Entreprise Nexmoov Inc. was incorporated in 2014 and is based in Montréal, Canada.

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.

gofor

Private Placement in 2020
GoFor is a provider of last-mile, on-demand, and same-day delivery services and solutions for suppliers and retailers. The company's streamlined SaaS platform encompasses a full suite of logistics capabilities including eCommerce integration, dispatching, and reporting. GoFor’s delivery model allows businesses to supplement their busy fleets or act as a complete out-sourced logistics partner. It was founded in 2016 and is based in Ottawa, Ontario, Canada.

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., a digital energy company, provides data driven energy efficiency solutions to real estate, energy services, tech companies, energy software, and utilities markets worldwide. It offers energy data and analytics, sub metering and automated billing, measurement and verification, CircuitAPI, and energy consumption monitoring solutions. The company was incorporated in 2011 and is based in New York, New York.

Green Badger

Seed Round in 2022
Green Badger is a Software as a Service (SaaS) platform providing easy to use, collaborative, cloud-based solutions to streamline and automate the green building construction market. Green Badger’s LEED Documentation software (featuring web, iOS and Android functionality) is the leading construction automation tool for managing LEED construction documentation and offers construction teams a 60% in labor hours to document compliance, while reducing risk of liquidated damages for missing project goals and LEED contract requirements. We provide tools to make every contractor their own expert in sustainable construction.

AirWorks

Seed Round in 2021
AirWorks was founded in 2017, and spun out of MIT in the summer of 2018. The company has developed a patented algorithm and web application that converts aerial datasets into engineering base plans in CAD. This way, clients don't need any local processing resources, virtually no training and thanks to the automation we ensure the fastest turn-around times in the industry – saving hundred millions of hours of manual data labeling time.

INDUS.AI

Private Placement 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.

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.

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.

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.

Virtuo

Seed Round in 2023
Virtuo Inc. offers move-in and homeownership concierge management services. The company was founded in 2015 and is headquartered in Calgary, Canada.

Desana

Seed Round in 2021
The way the world uses office space is changing. We provide the technology to facilitate that. Companies waste billions a year on under-utilised, inflexible offices that no longer serve the needs of their workforces. For years they’ve been trying to reduce reliance on traditional leases in pursuit of better efficiency, increased flexibility and happier employees. Desana provides on-demand access to a global network of flexible workspaces so that their employees can work wherever they need to be, for as long as they need it.