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.”

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Negro, former Global Head of Design at WeWork and founder of digital consultancy Case, CANOA aims to transform the outdated field of design and construction by increasing access to healthy and human-centered design at the commercial scale, while reducing the industry's carbon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

TMV 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.

Ellie Cunningham, COO, ellie@canoa.supply

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