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Venture Capital
navitascap.com

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Investments

57

Portfolio Exits

9

Funds

11

Service Providers

1

About Navitas Capital

Navitas Capital is a venture capital firm that seeks to invest in early-stage companies - primarily Series A and Series B rounds. Their primary investments are in the $1.0 to $3.0 million range. In most cases, Navitas Capital will seek board representation. Navitas invests primarily in green tech companies.

Navitas Capital Headquarter Location

1751 Harbor Bay Parkway Suite 200

Los Angeles, California, 94502,

United States

650-843-5000

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Expert Collections containing Navitas Capital

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Navitas Capital in 1 Expert Collection, including Real Estate Tech.

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Real Estate Tech

39 items

Latest Navitas Capital News

SwiftConnect, the World’s First Software Solving Real Estate Logistical Challenges of the Hybrid Work Environment, Raises $9 Million in Funding

Oct 15, 2021

SwiftConnect, the World’s First Software Solving Real Estate Logistical Challenges of the Hybrid Work Environment, Raises $9 Million in Funding STAMFORD, Conn., October 14, 2021-- SwiftConnect, a software platform provider which enables flexible work by connecting the right people to the right space at the right time today announced $9 million in funding. The round was co-led by JLL Spark Global Ventures, the strategic investment arm of commercial real estate services firm JLL, and Navitas Capital, with participation from World Trade Ventures, Concrete Ventures, Silvertech Ventures, 1414 Ventures, and NetOne, among others. This investment will fuel the company’s hiring efforts, scale the software offerings, and bolster strategic partnership opportunities with real estate companies and enterprises. “The pandemic accelerated the need for commercial real estate companies and enterprise occupiers to rethink how they embrace the new work reality where people want to work from different locations in an on-demand way,” said Matt Kopel, President of SwiftConnect. “While many companies are focusing on installing flexible space and adjusting their amenities to be COVID-friendly, they’re still lacking the basic tools to manage access to these new spaces and operate them as a network, not a series of siloed assets. We built SwiftConnect to architect a new framework for managing and automating who can enter a given space and when - with the ultimate goals of making hybrid work frictionless, promoting productivity, saving time and money, and leveraging the smartphone or keycard already in your pocket. We are incredibly excited to be partnering in executing our shared vision with some of the most iconic names in real estate technology investing today.” SwiftConnect solves a growing pain-point for commercial real estate owners and occupiers - the rise of the dispersed workforce and the emergence of flexible work. Recent JLL research predicts at least 30 percent of the office market will be consumed as flexible space in the next 10 years. For the first time, SwiftConnect’s software-only product provides the infrastructure necessary to power flexible and hybrid work by integrating with existing building and suite-level access control systems which typically span multiple disparate and disconnected providers. SwiftConnect’s software consolidates these siloed systems into a single cloud-enabled network, allowing an employee anywhere in the world to use a single credential to access any location, and allowing building owners and enterprises to centrally manage the adding or deleting of credentials and setting access permissions. SwiftConnect software integrates with existing access control hardware and software, meaning owners and occupiers never have to “rip and replace” existing systems. With SwiftConnect’s simple installation, buildings can be on-line and networked in just a few hours. "Navitas is thrilled to back SwiftConnect's vision of a cloud-based access control utility for the real estate industry. The team and product architecture represent a unique software-only approach and a deep understanding of the problem facing owners, operators, and occupiers of commercial real estate assets today," said Louis Schotsky, Managing Partner at Navitas Capital. "The optionality that SwiftConnect provides creates an opportunity for forward thinking Owners and Operators to capture a disproportionate share of the shifting demand from occupiers. We consider ourselves lucky to have the opportunity to back this combination of vision, experience, and opportunity." “As companies search for the right technology partners for the hybrid workplace, SwiftConnect has a significant opportunity to scale adoption of its unified cloud system for seamless office access control,” said David Gerster, Principal at JLL Spark. “By integrating with existing systems, SwiftConnect is well positioned to offer real estate owners and occupiers a flexible, friendly user experience for accessing buildings that solves many of the pain points they face today.” Chip Kruger, SwiftConnect’s CEO, and Kopel previously partnered on Waltz, an access control company that was acquired by WeWork. Since SwiftConnect’s launch in June 2020, the company has formed strategic partnerships with leading real estate companies including Silverstein Properties, and is on track to be rolled out in over 50 million square feet of real estate space by the end of the year across several large building owners. The company is also working with large enterprises to assist in access management of their office fleets. About SwiftConnect: SwiftConnect’s software platform enables for both tenants and visitors seamless flexible access by automating the provisioning of access credentials across different buildings and office spaces. Regardless of location, SwiftConnect links the right people to the right office space at the right time, enabling anyone to “work from anywhere in the world.” For more information, visit: Swiftconnect.io Contact:

Navitas Capital Investments

57 Investments

Navitas Capital has made 57 investments. Their latest investment was in SwiftConnect as part of their Series A on October 10, 2021.

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Navitas Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/14/2021

Series A

SwiftConnect

$9M

Yes

4

10/13/2021

Series A

Lendflow

$10.8M

Yes

3

6/28/2021

Series B

Bowery Valuation

$35M

No

3

6/24/2021

Series A

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$99M

Subscribe to see more

10

4/28/2021

Series C

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$99M

Subscribe to see more

10

Date

10/14/2021

10/13/2021

6/28/2021

6/24/2021

4/28/2021

Round

Series A

Series A

Series B

Series A

Series C

Company

SwiftConnect

Lendflow

Bowery Valuation

Subscribe to see more

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Amount

$9M

$10.8M

$35M

$99M

$99M

New?

Yes

Yes

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

4

3

3

10

10

Navitas Capital Portfolio Exits

9 Portfolio Exits

Navitas Capital has 9 portfolio exits. Their latest portfolio exit was Matterport on July 22, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/22/2021

Reverse Merger

$991

9

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$991

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10

00/00/0000

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10

00/00/0000

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10

00/00/0000

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$991

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10

Date

7/22/2021

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Exit

Reverse Merger

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Companies

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Valuation

$991

$991

$991

Acquirer

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Sources

9

10

10

10

10

Navitas Capital Fund History

11 Fund Histories

Navitas Capital has 11 funds, including Navitas Capital Co-Invest II-D.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/4/2020

Navitas Capital Co-Invest II-D

$0.5M

1

1/3/2020

Navitas Capital II SG

$7M

2

8/16/2019

Navitas Capital Fund P

$15M

1

5/24/2019

Navitas Capital Co-Invest II-C

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$99M

10

3/29/2019

Navitas Capital Co-Invest II-B

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$99M

10

Closing Date

6/4/2020

1/3/2020

8/16/2019

5/24/2019

3/29/2019

Fund

Navitas Capital Co-Invest II-D

Navitas Capital II SG

Navitas Capital Fund P

Navitas Capital Co-Invest II-C

Navitas Capital Co-Invest II-B

Fund Type

Subscribe to see more

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Status

Amount

$0.5M

$7M

$15M

$99M

$99M

Sources

1

2

1

10

10

Navitas Capital Service Providers

1 Service Provider

Navitas Capital has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

Navitas Capital Team

4 Team Members

Navitas Capital has 4 team members, including current Managing Partner, Gary Dillabough.

Name

Work History

Title

Status

Gary Dillabough

Managing Partner

Current

Jim Pettit

Managing Partner

Current

Travis Putnam

Managing Partner

Current

Louis Schotsky

Managing Partner

Current

Name

Gary Dillabough

Jim Pettit

Travis Putnam

Louis Schotsky

Work History

Title

Managing Partner

Managing Partner

Managing Partner

Managing Partner

Status

Current

Current

Current

Current

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