Celebrating CANOA's Next Stage of Growth

We are thrilled to announce the closing of our first round of fundraising, as we embark on our next stage of growth! With this investment, we will amplify our efforts to decarbonize the built environment by bringing scalable, transparent, and low carbon design frameworks to the commercial real estate sector.

Going through this funding round clarified and drove focus towards our thesis for CANOA, and simultaneously helped us to learn what qualities we value and seek out in the partners we take on. We feel incredibly lucky to have found partners who care about doing good in the world, just as we do. From TMV (formerly Trailmix Ventures) who led the round, to Building Ventures and Gemini Ventures who provided additional investment, we couldn't have picked a better bunch of partners to join us as we launch this rocket ship!

We hope you'll follow along on this journey with us – it will be quite a ride.

Can't get enough CANOA content? Check out Heather Widman's take on why Building Ventures selected our company for investment.

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FOR IMMEDIATE RELEASE

CANOA Expands Partnership to Decarbonize the Built Environment

(Brooklyn, January 2021) – CANOA, the first scaling platform for sustainable design and construction of commercial real estate, is excited to announce the completion of its pre-seed fundraising round. The round was led by TMV (formerly Trailmix Ventures) with additional investments from Building Ventures and Gemini Ventures, following Gemini's previous investment. CANOA enters the scene as the first company within their industry to focus on increasing access to great design while reducing the carbon footprint associated with traditional construction. “We are thrilled to continue building a future where healthy work and living environments are made accessible to the billions that still don’t have them, while simultaneously protecting our planet’s precious natural resources,” said Federico Negro, CANOA Founder and CEO. “We are proud to have TMV, Building Ventures, and Gemini Ventures on this journey with us, as we lead our industry’s charge to combat climate change.” With this new investment round, CANOA will amplify its efforts to decarbonize the built environment by bringing scalable, transparent, and low carbon design frameworks to the commercial real estate sector. “CANOA’s vision helps modern real estate owners and occupiers finally explore the possibilities and maximize their physical spaces,” said Darshan Somashekar, Venture Partner at TMV. “In a post-COVID world, this is especially valuable as companies will demand adaptable, modular spaces to satisfy the needs of their customers and employees. As a result of this work, the team is setting the industry standard when it comes to achieving a lower carbon footprint, which is why TMV is proud to have led this initial round for the company. We are very much looking forward to continuing our partnership and helping CANOA continue to create meaningful change throughout the ecosystem.”

About the Company

Founded in 2019 by Federico Negro, former Global Head of Design at WeWork and founder of digital consultancy Case, CANOA aims to transform the outdated field of design and construction by increasing access to healthy and human-centered design at the commercial scale, while reducing the industry's carbon footprint. From ghost kitchens to COVID testing clinics, the CANOA platform has a variety of applications across the sector. Click here to read the CANOA Manifesto.

About the Venture Partners

TMV (https://tmv.vc/) is a leading early-stage venture fund writing first-checks into purpose-driven companies. Founded by Soraya Darabi and Marina Hadjipateras in 2016, TMV is paving the way for a next generation of founders addressing the care economy, the future of work, blue tech and reimagined sustainable solutions.

Building Ventures is an early-stage VC firm investing in companies that are reshaping the way we design, build, operate and experience our built environment. They partner with visionary entrepreneurs who will have a profound effect on how and where we live as humans on our planet.

Gemini Ventures is the first Venture Studio dedicated to advancing the real estate industry. The Studio partners with world-class entrepreneurs to conceive, develop, and scale transformational technology companies.

Contact

Ellie Cunningham, COO, [email protected]

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