# Shadow Ventures

> Shadow Ventures is an Atlanta seed-stage venture firm investing in the built world - the roughly $300 trillion asset class of buildings, construction and real estate that software mostly skipped. Founded in 2017 by civil engineer KP Reddy, the firm writes early checks into startups working on construction robotics, 3D-printed homes, electric heavy equipment and AI-driven property tools, and backs them with an investor base of real estate owners, contractors and building-products firms who can become first customers.

- **Founded:** 2017
- **Headquarters:** Atlanta, United States
- **Founders:** KP Reddy (Founder & General Partner)
- **Team size:** About 7-18 people, including 3 partners
- **Products:** Seed-stage venture investing, Shadow Ventures Seed Fund II, LP-as-customer network, Proprietary diligence and portfolio tools
- **Notable:** Backed ICON, a pioneer in 3D-printing robotics for housing, at an early stage, Invested in Lumina, developer of a 32-ton electric dozer, Backed Okibo, an autonomous construction 'finishing' robot for painting and drywalling

## Products & services

- **Seed-stage venture investing** — Early checks, typically $250K-$1.5M with a sweet spot near $1M, into seed-stage ConstructionTech and PropTech startups across robotics, automation, 3D printing, modular construction, advanced materials and AI-enabled property tools.
- **Shadow Ventures Seed Fund II** — A $34M second fund announced in 2024 to continue backing founders at the technology frontier of the built environment.
- **LP-as-customer network** — A strategic limited partner base of real estate owners, contractors and building-products companies who provide portfolio startups with pilots, distribution and domain expertise.
- **Proprietary diligence and portfolio tools** — Internal technical tooling built by the CTO team for technical due diligence and hands-on guidance to portfolio companies.

## Achievements

- Backed ICON, a pioneer in 3D-printing robotics for housing, at an early stage
- Invested in Lumina, developer of a 32-ton electric dozer
- Backed Okibo, an autonomous construction 'finishing' robot for painting and drywalling
- Closed a $34M Seed Fund II in 2024
- Built a portfolio of 80+ built-world startups since 2017

## Latest updates

- **2024** — Announced Shadow Ventures Seed Fund II, a $34M fund to keep investing at the technology frontier of the built environment.
- **2022-12** — Matthew Ohlman promoted from CTO to CTO and General Partner.

## Links

- Website: https://shadow.vc
- LinkedIn: https://www.linkedin.com/company/shadowvc
- Twitter/X: https://twitter.com/shadowventures
- Facebook: https://facebook.com/shadowventures

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Profile page: https://yespress.io/shadow-ventures
Published by YesPress — https://yespress.io
Last updated: 2026-08-16