# Shadow Ventures

Shadow Ventures is a Venture Capital based in Atlanta, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Atlanta, United States
- **Region:** North America
- **Address:** Atlanta, GA, United States
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** shadow.vc
- **LinkedIn:** https://www.linkedin.com/company/shadowvc

## Regulatory record

- **CRD number:** 325022
- **SEC file number:** 802-127636
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/325022

## About

Shadow Ventures is a venture capital firm focused on seed stage PropTech and ConstructionTech startups. They invest in ambitious founders solving the most difficult problems in Construction and Real Estate. Through their technology, these startups shape the future of the world's largest and oldest asset class: the $300 trillion built world.

## Sectors

- PropTech
- ClimateTech
- Real Estate

## People

- KP Reddy — Founder and General Partner
- Nick Durham — General Partner
- Matthew Ohlman — CTO and General Partner
- Brandon Huffman — Advisor

## Questions

### What does Shadow Ventures invest in?

Shadow Ventures is a thematic venture capital firm focused exclusively on the built world. It targets seed-stage startups in construction technology, real estate software, and climate-adaptive infrastructure. The firm sees the $300 trillion global built environment as the largest asset class with the least technology penetration. Its portfolio includes companies like Eztia and Lumina, which are developing tools for construction, property management, and design.

### How does Shadow Ventures source its deals?

The firm relies on a deep industry network rather than a generalist inbound deck-review process. Its strategic LP base consists of construction and real estate industry insiders, which Shadow Ventures describes as an 'unfair advantage.' These LPs provide warm introductions to founders, pilot sites for portfolio companies, and technical diligence on product-market fit within the built world. The firm's content marketing, including investment memos and thematic research, also functions as an inbound draw for founders operating in its niche.

### What stages and geographies does Shadow Ventures target?

Shadow Ventures concentrates on the seed stage, including pre-seed and seed rounds for startups still in product development or early commercial traction. Its geographic focus is global but anchored in North America, with a headquarters in Atlanta — a major logistics, real estate, and construction market. The firm has not disclosed specific allocation targets by region, but its thesis naturally tilts toward markets with high urbanization rates and infrastructure spending.

## Related profiles

- [Shadow Lake Partners](https://altss.com/profile/shadow-lake-partners)
- [Shah Capital Partners](https://altss.com/profile/shah-capital-partners)

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Last updated: 2026-08-11T15:08:04.536Z

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