Alate Partners

Congratulations to Mave on their $2M pre-seed funding and beta launch! The whole Alate team is thrilled to support their journey in transforming the real estate industry with AI — starting with over 6,000 agents and 90 brokerages in the GTA. They're also expanding their team, join this exciting journey if you're interested! https://www.maveai.co/

The third edition of Sustainable Proptech is here! Congratulations to the Venturon team on another stellar report, highlighting over 130 proptech companies leading the charge in making our built world more sustainable. At Alate Partners, we’re observing a shift in investment motivations driven by regulatory risks. More leaders are choosing energy-efficient innovations today, even at a higher cost, to stay ahead of future regulatory changes. Get your copy now: https://lnkd.in/gY_6HKdH

Congratulations to Deena Pantalone, Joanna Creed, and the Venturon team for today's release of the 2024 Sustainable Proptech report, which you can find here: https://lnkd.in/gVp_9wai The report is packed full of insights and highlights more than 130 proptech companies driving sustainability in the built environment across the country. Three key themes covered: ⌛ #DriversOfChange: While Europe has been at the forefront of climate regulations, Canada is now implementing measures that will reshape the entire real estate value chain. Key examples include the Toronto Green Standard and the CAGBC | Canada Green Building Council's Zero Carbon Building Standard. 💲 #BusinessBeyondBuzzwords: The past few years have been tough for real estate and proptech, forcing owners and founders to prioritize the bottom line and focus on ROI more than ever. Rationale for investing in sustainability is growing though with global premiums for green buildings becoming increasingly apparent in both leasing and pricing, energy efficiency delivering real cost savings, and innovative construction techniques proving to be faster and greener. ↗️ #OpportunitiesOfThreats: We should view challenges in the built environment as opportunities. Proptech will no doubt play a big role in bringing together stakeholders, streamlining processes, and integrating data from the earliest stages of design all the way through the operation of real estate.

It's a wrap! Last week at our LP & Portfolio Summit, we explored the current state of the #proptech market, took a deep dive into the growing role of #AI and the implications for our real estate industry, and heard from the founders of Doormat, Promise Robotics, and Mave. While there’s a lot of hype around generative AI, the consensus seems to be that it’s impact will be overestimated in the short-term and underestimated in the long-term. Thank you to everyone who joined us!

Two portfolio companies in one podcast! Hear from Atticus LeBlanc of PadSplit and Christine Wendell of Pronto Housing. Both PadSplit and Pronto are optimizing the use and uptake of existing housing stock—through co-living models and by accelerating the affordable housing compliance process. To learn how they do it, listen to the podcast now: https://lnkd.in/gW3smbNF

Hear from Emiel B. on VendorPM's incredible journey — don’t miss out on this podcast: https://lnkd.in/gfvgYkvi

Congrats Stewart and the Bird team on the new partnership with Lyft! It will now be even easier to access Bird scooters in over 25 US cities in the Lyft app.

Alright.. took me longer than most, but I can see the appeal of pickleball. While the Alate Partners team is still honing our skills, we'll be ready for the rematch with Relay Ventures's champs: Simon Sokol & Emily McIlquham 🏆. This was definitely a fun team activity and great to see Fairgrounds partnering with developers and real estate owners to bring more courts across the city. Thanks Megan Laycock for organizing!

Last week, Courtney Cooper and Stephanie Wood headed to Kitchener & Guelph to check out the innovation ecosystem... And it didn't disappoint! 🚀 First stop: Velocity Incubator with Alroy Almeida to see the 60+ early-stage startups working out of their office and labs. This included learning more about how Evelyn Allen, Matt H., Ted Mao, and the rest of the team at Evercloak Inc. are making HVAC more efficient. 🌱 Second stop: Friendlier, a Relay Ventures portfolio company, hosted an inaugural Open House at their new office & facility. Kayli Dale & Jacqueline Hutchings shared more about their vision of making the world a little friendlier, by transitioning from single-use to reusable packaging. 🏢 Third stop: a tour behind the scenes at RWDI, a leading global civil engineering firm that's known for their wind engineering (wind tunnels!!) and has worked on some of the most iconic structures in our built world (Burj Khalifa, Shanghai Tower, and Calgary's Central Library to name a few). Thank you to Mike Williams and Olivia Pink, PMP for showing us around!

Collision is back next week. If you're looking for Proptech companies that will be there, here's the list. If you'll be in town, let us know -- we'd love to connect!