GroundBreak Ventures

GroundBreak Ventures is a venture capital firm based in Toronto, Canada, founded in 2019. It specializes in investing in the real estate, construction, and property technology sectors, focusing on innovative solutions that enhance how and where people live and work. The firm targets early-stage companies, from ideation to Series A, and aims to invest in 5 to 10 emerging businesses annually, with a particular emphasis on North American opportunities. GroundBreak Ventures provides not only capital but also domain expertise to support entrepreneurs in developing their ventures, which include areas such as building management systems, data analytics, machine learning, and clean technology.

Scott Kaplanis

Partner

Sanders Lee

Partner

Past deals in Commercial Real Estate

Local Logic

Series B in 2023
Local Logic is a location intelligence platform based in Montreal, Quebec, that focuses on digitizing the built environment to make location data understandable and actionable for various stakeholders, including consumers, investors, developers, and governments. The platform harnesses artificial intelligence, geospatial data, and user-generated information to offer insights into lifestyle and location characteristics. With proprietary insights derived from over 75 billion data points, Local Logic provides predictive and precise analytics that inform decision-making in the real estate sector, which impacts the vast real estate market in the US and Canada. The company's services cater to commercial real estate, urban planning, and other location-based industries, assisting major developers and investors in shaping sustainable and equitable urban environments.

Desana

Seed Round in 2023
Desana specializes in transforming how global employers manage workspace for their employees. The company provides a platform that integrates flexible workspace solutions worldwide with internal desk and meeting room booking systems. This approach reduces dependence on long-term leases and enhances flexibility for teams. Desana's platform aims to increase occupancy, revenue, and new leads by sharing spaces with freelancers, ultimately helping clients reduce operating costs and support remote work.

Enertiv

Series A in 2022
Enertiv, Inc. is a digital energy company based in New York that specializes in providing data-driven energy efficiency solutions primarily for the real estate and energy services sectors. Founded in 2011, Enertiv's platform digitizes building operations by collecting and analyzing data from various sources, including the deployment of IoT devices that monitor critical equipment and environmental conditions. This enables property owners and operators to optimize performance, reduce waste, and manage operating expenses more effectively. Enertiv offers a range of services, including energy data analytics, sub-metering, automated billing, and measurement and verification solutions, aimed at enhancing asset value and promoting energy efficiency across commercial real estate portfolios.

Desana

Seed Round in 2021
Desana specializes in transforming how global employers manage workspace for their employees. The company provides a platform that integrates flexible workspace solutions worldwide with internal desk and meeting room booking systems. This approach reduces dependence on long-term leases and enhances flexibility for teams. Desana's platform aims to increase occupancy, revenue, and new leads by sharing spaces with freelancers, ultimately helping clients reduce operating costs and support remote work.

Nomadic Retail

Seed Round in 2020
xNomad is a marketplace that facilitates the connection between brands and short-term retail spaces, specializing in pop-up store experiences. The company provides an innovative online platform that allows brands to quickly and efficiently identify and secure vacant retail spaces worldwide. In addition to space rental, xNomad offers a comprehensive suite of services, including design, furniture, and staffing solutions, which simplifies the process of launching pop-up stores. Utilizing data on foot traffic, demographics, and customer engagement, xNomad helps brands make informed decisions about store locations and measure their success. This streamlined approach enables brands and e-commerce businesses to create impactful retail experiences with ease.

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. Founded in 2010, it offers a comprehensive system called UtiLive, which incorporates advanced space tracking sensors and an analytics engine powered by machine learning for data analysis. The company employs a sensor-as-a-service pricing model, providing clients with initial floor planning, sensor deployment, and ongoing monitoring through a cloud-based application. Relogix serves large enterprises and commercial real estate portfolios, delivering insights that enable corporate real estate professionals to make informed, data-driven decisions to optimize their real estate strategies. The company's innovative approach leverages its extensive experience in corporate real estate and analytics to enhance the workplace experience and improve the efficiency of global real estate portfolios.

Local Logic

Series A in 2020
Local Logic is a location intelligence platform based in Montreal, Quebec, that focuses on digitizing the built environment to make location data understandable and actionable for various stakeholders, including consumers, investors, developers, and governments. The platform harnesses artificial intelligence, geospatial data, and user-generated information to offer insights into lifestyle and location characteristics. With proprietary insights derived from over 75 billion data points, Local Logic provides predictive and precise analytics that inform decision-making in the real estate sector, which impacts the vast real estate market in the US and Canada. The company's services cater to commercial real estate, urban planning, and other location-based industries, assisting major developers and investors in shaping sustainable and equitable urban environments.

Enertiv

Seed Round in 2020
Enertiv, Inc. is a digital energy company based in New York that specializes in providing data-driven energy efficiency solutions primarily for the real estate and energy services sectors. Founded in 2011, Enertiv's platform digitizes building operations by collecting and analyzing data from various sources, including the deployment of IoT devices that monitor critical equipment and environmental conditions. This enables property owners and operators to optimize performance, reduce waste, and manage operating expenses more effectively. Enertiv offers a range of services, including energy data analytics, sub-metering, automated billing, and measurement and verification solutions, aimed at enhancing asset value and promoting energy efficiency across commercial real estate portfolios.

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. Founded in 2010, it offers a comprehensive system called UtiLive, which incorporates advanced space tracking sensors and an analytics engine powered by machine learning for data analysis. The company employs a sensor-as-a-service pricing model, providing clients with initial floor planning, sensor deployment, and ongoing monitoring through a cloud-based application. Relogix serves large enterprises and commercial real estate portfolios, delivering insights that enable corporate real estate professionals to make informed, data-driven decisions to optimize their real estate strategies. The company's innovative approach leverages its extensive experience in corporate real estate and analytics to enhance the workplace experience and improve the efficiency of global real estate portfolios.
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