About Navitas

Navitas is the partner of choice for world-class founders and industry leaders.

Two people discussing while looking at their computers

About

Our investments are our commitments.

Over more than a decade, we've honed a platform built to drive innovation in legacy industries. Financial relationships are just the beginning. We collaborate with industry leaders and experts to understand demand while partnering with a select group of founders and technologists to support innovations with value for those end markets.

We help start-ups navigate complex markets and organizations, secure lighthouse customers and commercial partners, and develop go-to-market strategies that resonate while driving growth and transformation in those industries -- all while acting as a trusted advisor and sounding board in the nuts and bolts of business-building.

Guiding principles

Partnership

We engage deeply with a select group of founders and LPs and form trusted relationships at multiple levels in the organizations we work with. These relationships are built on our track record and are vital to how we build momentum behind innovation and change.

Transformation

We seek to create value through the transformation of legacy industries like real estate & construction. We understand and appreciate the complex market structures, incentive issues, and plain old history that make change difficult. That's why we search for partners who are change catalyzers and founders with ambition & grit.

Discipline

We are patient capital, operating with discipline and consistency. We deploy capital selectively when we are at conviction - we don't invest to "put capital to work" or to "get exposure" to buzzwords. We will and have waited years before investing behind the right team with the right technology that meets our theses.

Read our latest thinking

May 2024
News

Firmus Raises New Round of Financing Led by Navitas Capital for Preconstruction AI Risk Management

Plus sign

Firmus, the market leader in preconstruction AI design review and risk analysis, announced it closed on several million dollars in additional funding. The capital raised will facilitate Firmus’ commitment to revolutionizing the way the industry approaches preconstruction.

February 2024
Whitepaper

Why we invested in Document Crunch

Plus sign

We recently announced our Series A investment in Document Crunch, an AI-powered contract risk and intelligence platform for the $14T+ global construction industry. Here’s the why.

February 2024
News

AI Company Document Crunch Secures $9 Million Series A

Plus sign

Document Crunch, the construction industry’s leading contract intelligence platform, today announced it has raised a Series A funding round of $9M. The round, led by Navitas Capital and joined by existing Document Crunch major investors, Zacua Ventures, Fifth Wall, Argonautic Ventures, and Ironspring Ventures, will enable Document Crunch to continue scaling its contract risk review solution, which has become widely used by back offices throughout the construction industry. The round will also help to grow its team and further develop cutting-edge contract compliance solutions for project teams, who bear the responsibility of contract execution during construction.

November 2023
News

Optiwatt raises $7M led by Navitas Capital to manage EV charging

Plus sign

Climate tech startup Optiwatt closed a $7 million Series A as the company builds out its software that eases grid demand for the largest charge-management network in North America.

November 2023
News

Ingenious.Build Raises $37M in Series A Funding

Plus sign

INGENIOUS.BUILD, a leading technology company specializing in project management software for Real Estate Development and Construction, has successfully closed its Series A funding round, securing a total of $37 million, co-led by Navitas Capital and Morpheus Ventures.

October 2023
News

Blox Launches AI Financial Automation for Property Operators

Plus sign

Blox, the financial AI automation company for real estate, announced the launch of its all-in-one software platform today. Blox uses machine learning to automate key receivables tasks, including statement audit, refunds, payments, messaging, disputes, settlements, and bank treasury.

October 2023
News

HqO announces $50M Series D funding

Plus sign

Along with new capital, company leverages real estate experience insights from 1.7+ million people and 8,000+ workplaces to launch the REX Platform

October 2023
News

SwiftConnect raises $10M in funding

Plus sign

As workers slowly but steadily return to the office, investors have found reason to bet on property access startup SwiftConnect in a $10 million post-Series A funding round, the company announced Tuesday.

September 2023
News

EliseAI Selected As A Winner Of the Most Prestigious Awards in Real Estate Tech

Plus sign

EliseAI, a machine-learning technology company, is pleased to announce that they are a 10th Annual Real Estate Tech Awards (RETAs) winner in the Mid-Market Growth category, presented by CREtech (cretech.com), the world’s leading community of professionals devoted to technological innovation in the real estate sector.

July 2023
News

Bowery Valuation Closes $16.3M Extension of Series B Funding

Plus sign

Bowery Valuation, a New York-based technology-enabled commercial real estate appraisal firm, closed a $16.3M extension of its Series B funding

July 2023
Whitepaper

Why we invested in HostGPO

Plus sign

Building infrastructure for the vacation rental industry

June 2023
News

Matterport Announces Genesis: A Generative AI Initiative to Transform How Buildings are Designed, Built, and Managed

Plus sign

Combining generative AI and property insights, Matterport’s digital twin platform aims to reshape the real estate landscape, optimizing interior design, space utilization, energy efficiency, safety, accessibility and property marketing strategies.

June 2023
News

EliseAI Raises $35 Million in Series C Funding to Continue Revolutionizing the Real Estate Industry Through AI-Powered Automation

Plus sign

EliseAI, the premier conversational AI platform for real estate, announced its $35 million Series C fundraising round led by Point72 Private Investments, with participation from Koch Real Estate Investments and existing investors Golden Seeds, Navitas Capital, JLL Spark, and DivcoWest

May 2023
News

HostGPO raises $6M round led by Navitas Capital and OMNIA Partners

Plus sign

As the leading procurement marketplace for vacation rental hosts, HostGPO will use the $6M to rapidly expand its market leadership position serving over 250,000 units and key industry supply relationships

April 2023
Whitepaper

Intelligent Software as a Service

Plus sign

With the rapid pace of innovation in and around Generative AI technologies, Navitas believes that intelligent products powered by AI are the new differentiator for vertical software. The traditional benefits of vertical SaaS lay the groundwork for an impactful and thoughtful deployment of Generative AI technology that consistently lead to positive business outcomes.

February 2023
News

Gridium Strengthens Balance Sheet with $14M in Funding to Accelerate Growth

Plus sign

Leading decarbonization firm for commercial real estate owners set to expand its SaaS footprint and project finance and development solutions.

January 2023
News

Lessen Acquires SMS Assist, Signaling A New Era for Property Technology and Services

Plus sign

Transaction marks the largest private-to-private PropTech M&A deal to-date.

December 2022
Whitepaper

What Proptech is Doing to Address Affordability: Construction

Plus sign

Through this three-part series, Navitas explores the potential for Proptech solutions to tackle issues related to housing affordability. In part three, Jenny Song explores new approaches to construction, including construction inputs, how we build, and what we build.

August 2022
News

VendorPM Closes $20M Series A To Scale Commercial Real Estate Vendor Marketplace Across North America

Plus sign

The company is modernizing the way building managers work with service vendors across all asset classes.

April 2022
Whitepaper

What Proptech is Doing to Address Affordability: New Approaches to Rental Housing

Plus sign

Through this three-part series, Navitas explores the potential for Proptech solutions to tackle issues related to housing affordability. In part two, Jenny Song explores new approaches to rental housing, including alternative screening, security deposit replacement, rent rewards, and co-living.

April 2022
Whitepaper

The Emergence of Embedded Proptech

Plus sign

The ecosystem of embedded infrastructure solutions within FinTech has created a backbone upon which platforms can quickly innovate to offer customers a wide range of desired solutions. The world of PropTech is in the early stages of a similar evolution. Over the next several years, we hope PropTech platforms will find compelling opportunities to leverage embedded solutions that enhance users’ interactions with the physical world.

March 2022
News

Proptech Startup OpenSpace Reaches Valuation of $902 Million

Plus sign

OpenSpace, a startup that develops technology for the construction industry, raised $102 million in a new funding round that the company said gives it a valuation of $902 million.

February 2022
Whitepaper

Why We Invested in SwiftConnect

Plus sign

Access control infrastructure that enables the future of work.

December 2021
Whitepaper

Why We Invested in Oda Studio

Plus sign

The problem of ugly real estate photos.

November 2021
News

Navitas Capital Closes Its Third Early-Stage Proptech Fund to Drive Innovation in the Built World

Plus sign

Navitas Capital, a premier early-stage venture capital firm at the forefront of transformative real estate and construction technologies, today announced the closing of its third fund with $160 million – 60% above initial commitment target.

October 2021
Whitepaper

What Proptech is Doing to Address Affordability: New Paths to Homeownership

Plus sign

Through this three-part series, Navitas explores the potential for Proptech solutions to tackle issues related to housing affordability. In part one, Jenny Song explores new paths to homeownership, including shared equity, rent-to-own, and co-buying.

October 2021
News

Cushman & Wakefield and IngeniousIO Deploy New Global Project Management Platform

Plus sign

IngeniousIO platform provides cloud-based, real-time project management for the firm

September 2021
News

How Proptech is Shaping the Future of Real Estate

Plus sign

Travis Putnam (Navitas Capital) provides perspective on the overall momentum of venture capital in the space while Ashley Colella (HqO) and Tyler Scriven (Saltbox) offer on-the-ground applications to some of the ways that technology is improving the relationship between property owners and tenants, the increasing role of logistics, and the importance of sorting data into actionable insights.

June 2019
Whitepaper

Artificial Intelligence for the Built World

Plus sign

Navitas Capital believes we are on the verge of Artificial Intelligence (AI) disrupting the massive and technologically analog industries of real estate and construction. We may even go so far as to claim AI will likely be the single largest innovation catalyst creating shifts in value in the built world, effecting the way our industry invests, builds, operates, and maintains real estate. Companies that recognize the power of AI to improve their operation and successfully harness AI within the right places within their organizations will develop a competitive advantage, while those who do not, risk falling behind. Notably, this technology shift is already starting to occur(we will discuss specific case studies) and will accelerate in the years ahead, creating the next generation of startups focused on the built world.

February 2019
Whitepaper

Construction & Technology: Building for the Future

Plus sign

Construction is a key industry across the world, representing approximately 13% of worldwide GDP or roughly $10 trillion in annual spend on construction-related goods and services. The sector employs over 7% of the world’s working population. Despite its relevance, the industry has struggled to evolve its approaches, and its productivity has suffered as a result. In fact, construction is one of the only industries that has experienced productivity losses over the last several decades.

August 2018
Whitepaper

Exploring Blockchain & Transformative Applications in Real Estate

Plus sign

While technology innovations have already made a significant impact on our sector and have helped produce a number of highly impactful startups such as WeWork, Katerra, PlanGrid, and Matterport, the emergence of blockchain is potentially one of the most powerful and disruptive forces to date. Its fundamental value proposition could reshape some of the most basic functions of how the industry operates today. From a venture capital perspective, blockchain enables the formation of a new wave of startups that have the potential to be highly impactful in the coming years.

August 2018
Whitepaper

Smart Buildings

Plus sign

In contrast to generalist venture capital firms, Navitas employs a differentiated approach to investing in the technology sector, with a unique focus on Real Estate Technology -- aka “PropTech” or “Building Tech” or “RE Tech”. The purpose of this white paper is to provide insight into the current themes and trends in the Smart Buildings sector in 2018, particularly from a venture capital perspective, and serves as a follow up (“second edition”) to our white paper titled “Intelligent Buildings & Enterprise,” which we published in 2014.

May 2024
News

Firmus Raises New Round of Financing Led by Navitas Capital for Preconstruction AI Risk Management

Plus sign

Firmus, the market leader in preconstruction AI design review and risk analysis, announced it closed on several million dollars in additional funding. The capital raised will facilitate Firmus’ commitment to revolutionizing the way the industry approaches preconstruction.

February 2024
News

AI Company Document Crunch Secures $9 Million Series A

Plus sign

Document Crunch, the construction industry’s leading contract intelligence platform, today announced it has raised a Series A funding round of $9M. The round, led by Navitas Capital and joined by existing Document Crunch major investors, Zacua Ventures, Fifth Wall, Argonautic Ventures, and Ironspring Ventures, will enable Document Crunch to continue scaling its contract risk review solution, which has become widely used by back offices throughout the construction industry. The round will also help to grow its team and further develop cutting-edge contract compliance solutions for project teams, who bear the responsibility of contract execution during construction.

November 2023
News

Optiwatt raises $7M led by Navitas Capital to manage EV charging

Plus sign

Climate tech startup Optiwatt closed a $7 million Series A as the company builds out its software that eases grid demand for the largest charge-management network in North America.

November 2023
News

Ingenious.Build Raises $37M in Series A Funding

Plus sign

INGENIOUS.BUILD, a leading technology company specializing in project management software for Real Estate Development and Construction, has successfully closed its Series A funding round, securing a total of $37 million, co-led by Navitas Capital and Morpheus Ventures.

October 2023
News

Blox Launches AI Financial Automation for Property Operators

Plus sign

Blox, the financial AI automation company for real estate, announced the launch of its all-in-one software platform today. Blox uses machine learning to automate key receivables tasks, including statement audit, refunds, payments, messaging, disputes, settlements, and bank treasury.

October 2023
News

HqO announces $50M Series D funding

Plus sign

Along with new capital, company leverages real estate experience insights from 1.7+ million people and 8,000+ workplaces to launch the REX Platform

October 2023
News

SwiftConnect raises $10M in funding

Plus sign

As workers slowly but steadily return to the office, investors have found reason to bet on property access startup SwiftConnect in a $10 million post-Series A funding round, the company announced Tuesday.

September 2023
News

EliseAI Selected As A Winner Of the Most Prestigious Awards in Real Estate Tech

Plus sign

EliseAI, a machine-learning technology company, is pleased to announce that they are a 10th Annual Real Estate Tech Awards (RETAs) winner in the Mid-Market Growth category, presented by CREtech (cretech.com), the world’s leading community of professionals devoted to technological innovation in the real estate sector.

July 2023
News

Bowery Valuation Closes $16.3M Extension of Series B Funding

Plus sign

Bowery Valuation, a New York-based technology-enabled commercial real estate appraisal firm, closed a $16.3M extension of its Series B funding

June 2023
News

Matterport Announces Genesis: A Generative AI Initiative to Transform How Buildings are Designed, Built, and Managed

Plus sign

Combining generative AI and property insights, Matterport’s digital twin platform aims to reshape the real estate landscape, optimizing interior design, space utilization, energy efficiency, safety, accessibility and property marketing strategies.

June 2023
News

EliseAI Raises $35 Million in Series C Funding to Continue Revolutionizing the Real Estate Industry Through AI-Powered Automation

Plus sign

EliseAI, the premier conversational AI platform for real estate, announced its $35 million Series C fundraising round led by Point72 Private Investments, with participation from Koch Real Estate Investments and existing investors Golden Seeds, Navitas Capital, JLL Spark, and DivcoWest

May 2023
News

HostGPO raises $6M round led by Navitas Capital and OMNIA Partners

Plus sign

As the leading procurement marketplace for vacation rental hosts, HostGPO will use the $6M to rapidly expand its market leadership position serving over 250,000 units and key industry supply relationships

February 2023
News

Gridium Strengthens Balance Sheet with $14M in Funding to Accelerate Growth

Plus sign

Leading decarbonization firm for commercial real estate owners set to expand its SaaS footprint and project finance and development solutions.

January 2023
News

Lessen Acquires SMS Assist, Signaling A New Era for Property Technology and Services

Plus sign

Transaction marks the largest private-to-private PropTech M&A deal to-date.

August 2022
News

VendorPM Closes $20M Series A To Scale Commercial Real Estate Vendor Marketplace Across North America

Plus sign

The company is modernizing the way building managers work with service vendors across all asset classes.

March 2022
News

Proptech Startup OpenSpace Reaches Valuation of $902 Million

Plus sign

OpenSpace, a startup that develops technology for the construction industry, raised $102 million in a new funding round that the company said gives it a valuation of $902 million.

November 2021
News

Navitas Capital Closes Its Third Early-Stage Proptech Fund to Drive Innovation in the Built World

Plus sign

Navitas Capital, a premier early-stage venture capital firm at the forefront of transformative real estate and construction technologies, today announced the closing of its third fund with $160 million – 60% above initial commitment target.

October 2021
News

Cushman & Wakefield and IngeniousIO Deploy New Global Project Management Platform

Plus sign

IngeniousIO platform provides cloud-based, real-time project management for the firm

September 2021
News

How Proptech is Shaping the Future of Real Estate

Plus sign

Travis Putnam (Navitas Capital) provides perspective on the overall momentum of venture capital in the space while Ashley Colella (HqO) and Tyler Scriven (Saltbox) offer on-the-ground applications to some of the ways that technology is improving the relationship between property owners and tenants, the increasing role of logistics, and the importance of sorting data into actionable insights.

February 2024
Whitepaper

Why we invested in Document Crunch

Plus sign

We recently announced our Series A investment in Document Crunch, an AI-powered contract risk and intelligence platform for the $14T+ global construction industry. Here’s the why.

July 2023
Whitepaper

Why we invested in HostGPO

Plus sign

Building infrastructure for the vacation rental industry

April 2023
Whitepaper

Intelligent Software as a Service

Plus sign

With the rapid pace of innovation in and around Generative AI technologies, Navitas believes that intelligent products powered by AI are the new differentiator for vertical software. The traditional benefits of vertical SaaS lay the groundwork for an impactful and thoughtful deployment of Generative AI technology that consistently lead to positive business outcomes.

December 2022
Whitepaper

What Proptech is Doing to Address Affordability: Construction

Plus sign

Through this three-part series, Navitas explores the potential for Proptech solutions to tackle issues related to housing affordability. In part three, Jenny Song explores new approaches to construction, including construction inputs, how we build, and what we build.

April 2022
Whitepaper

What Proptech is Doing to Address Affordability: New Approaches to Rental Housing

Plus sign

Through this three-part series, Navitas explores the potential for Proptech solutions to tackle issues related to housing affordability. In part two, Jenny Song explores new approaches to rental housing, including alternative screening, security deposit replacement, rent rewards, and co-living.

April 2022
Whitepaper

The Emergence of Embedded Proptech

Plus sign

The ecosystem of embedded infrastructure solutions within FinTech has created a backbone upon which platforms can quickly innovate to offer customers a wide range of desired solutions. The world of PropTech is in the early stages of a similar evolution. Over the next several years, we hope PropTech platforms will find compelling opportunities to leverage embedded solutions that enhance users’ interactions with the physical world.

February 2022
Whitepaper

Why We Invested in SwiftConnect

Plus sign

Access control infrastructure that enables the future of work.

December 2021
Whitepaper

Why We Invested in Oda Studio

Plus sign

The problem of ugly real estate photos.

October 2021
Whitepaper

What Proptech is Doing to Address Affordability: New Paths to Homeownership

Plus sign

Through this three-part series, Navitas explores the potential for Proptech solutions to tackle issues related to housing affordability. In part one, Jenny Song explores new paths to homeownership, including shared equity, rent-to-own, and co-buying.

June 2019
Whitepaper

Artificial Intelligence for the Built World

Plus sign

Navitas Capital believes we are on the verge of Artificial Intelligence (AI) disrupting the massive and technologically analog industries of real estate and construction. We may even go so far as to claim AI will likely be the single largest innovation catalyst creating shifts in value in the built world, effecting the way our industry invests, builds, operates, and maintains real estate. Companies that recognize the power of AI to improve their operation and successfully harness AI within the right places within their organizations will develop a competitive advantage, while those who do not, risk falling behind. Notably, this technology shift is already starting to occur(we will discuss specific case studies) and will accelerate in the years ahead, creating the next generation of startups focused on the built world.

February 2019
Whitepaper

Construction & Technology: Building for the Future

Plus sign

Construction is a key industry across the world, representing approximately 13% of worldwide GDP or roughly $10 trillion in annual spend on construction-related goods and services. The sector employs over 7% of the world’s working population. Despite its relevance, the industry has struggled to evolve its approaches, and its productivity has suffered as a result. In fact, construction is one of the only industries that has experienced productivity losses over the last several decades.

August 2018
Whitepaper

Exploring Blockchain & Transformative Applications in Real Estate

Plus sign

While technology innovations have already made a significant impact on our sector and have helped produce a number of highly impactful startups such as WeWork, Katerra, PlanGrid, and Matterport, the emergence of blockchain is potentially one of the most powerful and disruptive forces to date. Its fundamental value proposition could reshape some of the most basic functions of how the industry operates today. From a venture capital perspective, blockchain enables the formation of a new wave of startups that have the potential to be highly impactful in the coming years.

August 2018
Whitepaper

Smart Buildings

Plus sign

In contrast to generalist venture capital firms, Navitas employs a differentiated approach to investing in the technology sector, with a unique focus on Real Estate Technology -- aka “PropTech” or “Building Tech” or “RE Tech”. The purpose of this white paper is to provide insight into the current themes and trends in the Smart Buildings sector in 2018, particularly from a venture capital perspective, and serves as a follow up (“second edition”) to our white paper titled “Intelligent Buildings & Enterprise,” which we published in 2014.