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Shadow Ventures

Kingmaker TierBased on the data VC Catalog holds.

Kingmaker Tier: 84 out of 100

Also known as Shadow Capital, Shadow Ventures Seed, Shadow Ventures Seed Fund II, L.P.

  • Construction tech
  • Property tech
  • VC
  • B2B
Investor type
VC
Investing status
Activeas of 2026-09-18Source (opens in a new tab)
Headquarters
Atlanta, GA, United States
Assets under management
$58.1MForm ADV private fund GAV, as of 2026-04-02Source (opens in a new tab)
Latest fund size
$13.4MSEC amount sold, as of 2022-12-19Source (opens in a new tab)
Funds
22
Legal name
SHADOW VENTURES, LLC
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Record updated 29 September 2026

About

We invest in ambitious founders solving the most difficult problems in Construction and Real Estate.

Investment approach

Thesis
We 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.Source (opens in a new tab)
Investing status notes
We invest in ambitious founders solving the most difficult problems in Construction and Real Estate.

Funds

Shadow Ventures Seed Fund II, L.P.
$13.4MVintage 2022, Main fund, SEC amount sold
SHADOW VENTURES FUND 3, LP
Main fund
CONSTRUCTN 1, A SERIES OF SHADOW VENTURES MASTER, LLC
SPV
SHADOW ICON, LLC
Main fund
SHADOW KAIROS ONE, LLC
Main fund
EMBUE 1, A SERIES OF SHADOW VENTURES MASTER, LLC
SPV
ACCELERATOR 1, A SERIES OF SHADOW VENTURES MASTER, LLC
SPV
SHADOW KAIROS TWO, LLC
Main fund
SHADOW LOCAL LOGIC, LLC
Main fund
SHADOW AMENIFY, LLC
Main fund
GREEN BADGER 1, A SERIES OF SHADOW VENTURES MASTER, LLC
SPV
BILLY 1, A SERIES OF SHADOW VENTURES MASTER, LLC
SPV
More funds
10 more recorded

SEC registration

Registered adviser
SHADOW VENTURES, LLC
SEC file number
802-127636
Registration
Exempt reporting adviser
Regulatory AUM
$58.1Mas of 2026-04-02
Private funds reported
22
Principal office
ATLANTA, GA, United States
SEC CIK
1958863

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