DivcoWest

Founded in 1993, DivcoWest is a vertically integrated, real estate investment firm headquartered in San Francisco, with offices in Los Angeles, Menlo Park, Boston, Washington DC and New York City. Known for long-standing relationships and experience across the risk-spectrum in markets where innovation thrives, DivcoWest combines entrepreneurial spirit with an institutional approach to deliver real estate solutions and opportunities to the world’s most forward-thinking companies and investors. DivcoWest aims to create environments that inspire ingenuity, promote growth, and enhance health and well-being. Since inception, DivcoWest and its predecessor have acquired approximately 48 million square feet of commercial space - primarily throughout the United States - and have invested in leading venture-backed Proptech companies, seeking to unlock value for both DivcoWest portfolio companies and its properties. DivcoWest’s real estate portfolio currently includes existing and development properties in the office, R&D, lab, industrial, retail and multifamily spaces.

Breton Birkhofer

Director

Past deals in Industrial Real Estate

Field Materials

Series A in 2025
Field Materials is an AI-driven procurement platform tailored for the construction industry, designed to enhance the efficiency of inventory management, material purchasing, and equipment rentals. The platform automates the handling of quotes, invoices, packing slips, and receipts, which helps reduce manual data entry and can lead to savings of 5-10% in material costs. By comparing vendor quotes and managing orders and deliveries, Field Materials streamlines vendor communications and project documentation, facilitating invoice verification and payments. This comprehensive approach enables contractors and vendors to standardize their procurement processes, ultimately assisting them in maintaining budgets and controlling costs. Founded by experienced entrepreneurs, the company is supported by prominent venture capital firms and executives from notable companies.

EliseAI

Series D in 2024
EliseAI is an artificial intelligence company specializing in a conversational platform designed for business automation, particularly within the real estate sector. Their virtual leasing assistant assists real estate management companies by managing inquiries, scheduling property viewings, and ensuring consistent follow-up with prospects to prevent lost leads. This platform enables apartment managers to enhance customer service, optimize revenue, and lower property management costs. By leveraging machine learning, EliseAI's solution streamlines operations for real estate professionals of all sizes, fostering improved engagement with prospective tenants and facilitating efficient management of leasing processes.

Field Materials

Seed Round in 2024
Field Materials is an AI-driven procurement platform tailored for the construction industry, designed to enhance the efficiency of inventory management, material purchasing, and equipment rentals. The platform automates the handling of quotes, invoices, packing slips, and receipts, which helps reduce manual data entry and can lead to savings of 5-10% in material costs. By comparing vendor quotes and managing orders and deliveries, Field Materials streamlines vendor communications and project documentation, facilitating invoice verification and payments. This comprehensive approach enables contractors and vendors to standardize their procurement processes, ultimately assisting them in maintaining budgets and controlling costs. Founded by experienced entrepreneurs, the company is supported by prominent venture capital firms and executives from notable companies.

EliseAI

Series C in 2023
EliseAI is an artificial intelligence company specializing in a conversational platform designed for business automation, particularly within the real estate sector. Their virtual leasing assistant assists real estate management companies by managing inquiries, scheduling property viewings, and ensuring consistent follow-up with prospects to prevent lost leads. This platform enables apartment managers to enhance customer service, optimize revenue, and lower property management costs. By leveraging machine learning, EliseAI's solution streamlines operations for real estate professionals of all sizes, fostering improved engagement with prospective tenants and facilitating efficient management of leasing processes.

EliseAI

Series B in 2021
EliseAI is an artificial intelligence company specializing in a conversational platform designed for business automation, particularly within the real estate sector. Their virtual leasing assistant assists real estate management companies by managing inquiries, scheduling property viewings, and ensuring consistent follow-up with prospects to prevent lost leads. This platform enables apartment managers to enhance customer service, optimize revenue, and lower property management costs. By leveraging machine learning, EliseAI's solution streamlines operations for real estate professionals of all sizes, fostering improved engagement with prospective tenants and facilitating efficient management of leasing processes.

Katerra

Series D in 2018
Katerra Inc. is a prefabricated construction company founded in 2015 and headquartered in Menlo Park, California. The company specializes in manufacturing a wide range of structural components and finish materials, including walls, columns, beams, bathroom pods, hotel room pods, and custom furniture. Katerra also provides comprehensive services that encompass design, manufacturing, and assembly for various building types, with a focus on commercial, retail, healthcare, hospitality, and housing sectors. By integrating technology into its operations, Katerra aims to enhance the efficiency of building development and construction processes. Its platform connects building information modeling tools to a global supply chain infrastructure, facilitating material ordering, manufacturing, and delivery. With multiple domestic and international offices and factories, Katerra seeks to optimize the construction industry through innovative practices and advanced engineering solutions.
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