Zoned Properties, Inc. | June 29, 2022
Zoned Properties®, Inc. (the “Company” or “Zoned Properties”) (OTCQB: ZDPY), a leading real estate development firm for emerging and highly regulated industries including legalized cannabis, today announced the Company has invested in Anami Technologies, Inc. (“AnamiTech”), which recently launched its flagship property technology (“PropTech”) platform, GreenSpace. AnamiTech is the brainchild of Mike Wilson, a veteran entrepreneur and the founder and CEO of Temeka Group, an interior design and construction company serving brands like Vans, Nike, and the Los Angeles Clippers. More recently, Temeka Group began serving cannabis brands and it is credited with helping design and build some of the most modern and iconic stores in the industry today. Working closely with legal cannabis operators, Mike observed firsthand the myriad challenges facing startups in this nascent space. He went on to create AnamiTech to provide easy-to-use and cost-efficient business software for the industry.
At the core of the Zoned Properties mission is to provide real estate services for emerging and regulated industries that can address the material pain points of complex real estate development projects. The Company is investing in PropTech projects that aim to focus on solutions to these obstacles from the very beginning of a project and provide support through a project’s operational growth. Zoned Properties is pinpointing critical needs in regulated real estate markets to address how the consumer and the community as a whole interact with the built retail environment.
“We believe PropTech is the future of the real estate industry, and we are thrilled to add another amazing PropTech tool to our tech-stack at Zoned Properties, The synergies between Zoned Properties, AnamiTech, and Temeka Group were immediately evident once our teams started collaborating. We will work to position the GreenSpace platform along-side our own ReZone platform that is currently being developed and is in beta testing. We believe PropTech has the opportunity to add significant value to the emerging cannabis real estate sector.”
-Berekk Blackwell, Chief Operating Officer for Zoned Properties.
Investment Highlights & PropTech Platform Overview-
Zoned Properties invested $50,000 in AnamiTech’s Series A convertible preferred stock financing.
Zoned Properties, AnamiTech, and Temeka Group exploring formation of a strategic relationship.
PropTech alignment between ReZone and GreenSpace platforms being evaluated.
AnamiTech’s GreenSpace platform recently moved from beta testing into revenue stage.
GreenSpace already interacting with users across 15+ cannabis operators and growers with over 100 locations across various state markets.
GreenSpace platform utilized by major cannabis brands, including Cookies, Embarc, and Stiiizy.
“We believe that a partnership with Zoned Properties and its PropTech platform would compliment AnamiTech’s GreenSpace platform, GreenSpace offers a holistic cloud-based software solution for cannabis operators, growers and others in the cannabis industry to manage their projects and day-to-day operations remotely, as well as monitor crucial time sensitive events and compliance requirements. The GreenSpace project has now launched nationwide, with new customers being added ahead of projections. We look forward to working with Zoned Properties, with a goal of integrating our two platforms for the cannabis industry and leveling the playing field for small to midsize companies. We believe a strategic alignment between AnamiTech and Zoned Properties could compress time to market for companies tapping into these powerful tools.”
-Mike Wilson, Founder and Chief Executive Officer of AnamiTech.
About Zoned Properties, Inc. (OTCQB: ZDPY)-
Zoned Properties is a leading real estate development firm for emerging and highly regulated industries, including regulated cannabis. The Company is redefining the approach to commercial real estate investment through its integrated growth services.
Headquartered in Scottsdale, Arizona, Zoned Properties has developed a full spectrum of integrated growth services to support its real estate development model; the Company’s Property Technology, Advisory Services, Commercial Brokerage, and Investment Portfolio collectively cross-pollinate within the model to drive project value associated with complex real estate projects. With national experience and a team of experts devoted to the emerging cannabis industry, Zoned Properties is addressing the specific needs of a modern market in highly regulated industries.
Zoned Properties is an accredited member of the Better Business Bureau, the U.S. Green Building Council, and the Forbes Real Estate Council. Zoned Properties does not grow, harvest, sell or distribute cannabis or any substances regulated under United States law such as the Controlled Substance Act of 1970, as amended (the “CSA”). Zoned Properties corporate headquarters are located at 8360 E. Raintree Dr., Suite 230, Scottsdale, Arizona.
AnamiTech is the brainchild of Mike Wilson, a veteran entrepreneur and the founder and CEO of Temeka Group, an interior design and construction company serving brands like Vans, Nike, and the Los Angeles Clippers. More recently, Temeka began serving cannabis brands and it is credited with helping design and build some of the most modern and iconic stores in the industry today. Working closely with legal cannabis operators, Mike observed firsthand the myriad challenges facing startups in this nascent space. He went on to create AnamiTech to provide easy-to-use and cost-efficient business software for the industry.
AnamiTech offers purpose-built applications that allow cannabis businesses to operate efficiently and stay compliant, and for government agencies and financial institutions to connect with those businesses.
GreenSpace is a product of AnamiTech, a maker of purpose-built software for the cannabis industry. We help cannabis businesses operate more efficiently and stay compliant and help government agencies and financial institutions connect with those businesses. AnamiTech applications translate complex processes into easy-to-follow tasks, both for operators and regulators, easing the regulatory burden for all stakeholder
Extracker | June 09, 2022
Extracker, the construction industry's only change order communication platform, which digitizes manual workflows and creates financial transparency between construction stakeholders, has raised $7 million in an oversubscribed Series A.
Leading the round is Cloud Apps Capital Partners, joined by the construction tech veterans at Building Ventures, and follow-on investment from Jackson Square Ventures who led the Seed round in June 2021. Joining the board are Andy Stinnes, general partner at Cloud Apps Capital Partners, and Jesse Devitte, co-founder and general partner at Building Ventures.
Stinnes, who led the investment round, has seen this network model first hand. Even in the challenging investment environment, he sees an exceptional opportunity in the construction technology SaaS platform. "Extracker can emerge as an industry utility in global construction, connecting all the players as the backbone for modern, mobile collaboration to unlock over $20 billion in shared value. We have personally seen this very model play out in both the supply chain and B2B payments markets and know how incredibly valuable and irreplaceable such Industry Utility SaaS companies will become."
Allen Preger, Building Ventures Partner and construction technology veteran, understands the issue and opportunity after years solving construction workflows as co-founder at Newforma. "Change orders can make or break a project and put at risk the trust between contractors, owners, designers and subs. Extracker promotes a collaborative versus combative approach to change management; and has demonstrated it can sell and deliver tangible value to each stakeholder in the process. We're excited to back Cameron and the Extracker team, and we can't wait to see where they take it from here."
Technology trends such as 3D design are reshaping the future of construction. With a shift towards faster, more iterative project delivery, the industry is at its breaking point with the current tools available including paper, spreadsheets, email and siloed financial software suites. The industry is still tracking 99% of over $150 billion in project Change Orders on paper, email and static spreadsheets, and Extracker is already addressing a massive pain point in commercial construction. Since its inception, they have helped contractors efficiently process and eliminate surprise costs on over $2.2 billion in Change Orders and T&M Tickets.
Regardless of what financial software a Specialty Contractor, General Contractor or Owner is using internally, Extracker keeps everyone on the same page in real-time. Using their cloud-based COR Log, Subcontractors can send CORs and have them instantly appear in their General Contractor's account. Contractors now have a shared source of truth to ensure their internal forecasts align with their project partners. Extracker customers are experiencing the benefits of a centralized platform for tracking Change Orders between all project stakeholders and as a result see upwards of 95% faster time to process and close out extra work.
Over the past year, they have doubled their paying customers and are proud to have built a platform that supports construction companies of all sizes and across every single trade vertical, including industry leaders like: BrandSafway (scaffolding), Conco (concrete), Performance Contracting Group (drywall), Permasteelisa (glass and glazing), NOVO (general contracting), and BuildGroup (general contracting).
At Extracker, we are finding innovative ways to better equip our customers with the tools they need. With this new round of funding, we are expanding our integrations to the industry's most popular project management and accounting systems like Procore, CMiC and Sage, which seamlessly sync CORs and T&M Tags into all stakeholders' systems-of-record. Given the speed and accuracy of Change Order information being collected in our platform, we are excited about the powerful reporting and analytics engine that will harness never-before-captured data our industry leading customers are collecting about their projects."
Cameron Page, founder and CEO of Extracker
Extracker's mission is to create financial transparency between commercial construction companies by reducing exposed risk and time spent tracking extra work. This is done through the industry's only Change Order Communication Platform, which supercharges extremely manual workflows and connects companies outside of their internal financial software to resolve Change Orders in real-time. Along with a collaborative cloud-based log, Extracker includes digital Time and Material Tags, standardized Change Order Templates, trackable Change Notifications, and more, to organize and streamline the process. Extracker is backed by leading enterprise application and construction technology investors Cloud Apps Capital Partners, Building Ventures, and Jackson Square Ventures.
Extracker | June 03, 2022
Extracker, the construction industry's only change order communication platform, which supercharges manual workflows and connects companies outside of their internal-facing financial software, will exhibit its innovative COR and digital T&M Tag platform at ENR FutureTech, June 8-10 in San Francisco.
ENR FutureTech is the construction industry's premier technology forum for connecting with leaders in the construction tech, architecture and engineering spaces. The two-day event will focus on exploring the latest innovations in construction technology.
For general contractors, subcontractors and project owners to effectively communicate Change Orders and minimize risks, they need a digital platform that streamlines these processes. As we continue to help the industry make massive efficiency gains, digital CORs and T&M Tags are a way for every stakeholder involved, from project teams to executive leadership, to create, track and share COR data in one place."
Cameron Page, founder and CEO of Extracker
"Especially in times of tighter margins for the industry, Extracker provides contractors a necessary tool that creates consistency and transparency on project financials, so all stakeholders can stay up-to-date on Change Orders and cost exposure at all times."
As a cloud-based software, Extracker helps contractors organize change order communication to speed up processing time, close out extra work faster, and maintain better customer relationships. This year, Extracker has announced several upgrades and integrations that will empower contractors to eliminate unnecessary risks, stay on budget and increase transparency between all stakeholders throughout the lifecycle of a project.
"At Extracker, we are always evolving and finding innovative ways to better equip our customers with the tools they need." Page said. "With our presence at ENR, we want to show Innovation and IT leaders that Change Orders don't have to cause headaches or waste time. They can be finished in real time and with greater accuracy with the click of a button."
Extracker's mission is to help the commercial construction industry get extra work processed and closed faster in order to reduce risk, waste less time, and increase transparency. This is done through the industry's only Change Order Communication Platform, which supercharges extremely manual workflows and connects companies outside of their internal financial software to resolve change orders in real-time. Along with a collaborative cloud-based log, Extracker includes digital Time and Material Tags, standardized Change Order Templates, trackable Change Notifications, and more, to organize and streamline the process.
ConWize | June 21, 2022
ConWize, the construction tendering software company, announced it had raised $2.8 million in a seed round led by Ariel Maislos. Other investors include Pi Labs, Europe's first and most active Proptech VC, and angel investors Liad Agmon and Meir Gabay.
Today, most construction companies, subcontractors, and suppliers in the construction industry still manage tenders manually, making the bidding process time-consuming, expensive, and prone to mistakes. With 15 years of experience in the construction industry, ConWize bootstrap founders Dima Haikin, Ran Levi Sody and Denis Umnov identified the acute need for innovation in the current tender practices. They decided to make a change and introduce digitalization into the tender management process. Their new builders' estimating software helps contractors prevent critical mistakes, win more tenders, and carry out projects more profitably.
The seed round follows successful product releases and sales after the company's contractors estimating software earned the trust of some of the largest construction companies in Israel.
"Construction technology presents unique growth opportunities," said Ariel Maislos, the lead investor of the seed funding round. "ConWize's SaaS platform solves a critical pain point in the construction process, as tenders directly impact construction companies' growth and success. I am thrilled to partner with this outstanding team as they expand their activities into the European market."
Faisal Butt, Founder and CEO of Pi Labs, said: "It has been incredibly exciting having ConWize as a member of the Pi Labs family ever since they were selected to be a part of our 2021 accelerator program. By automating the construction cost estimation and bidding process, the technology helps minimize development costs and make the overall process more efficient to benefit all stakeholders, including developers, contractors, subcontractors and end-users. We are proud to be backing Dima, Denis and Ran, and our investment team is confident that their entrepreneurial and technological skills will see ConWize make major inroads across the European construction sector in the coming years."
We have developed the most advanced cloud-based construction estimating program available for construction companies today. Our platform gives a true end-to-end solution for tender departments of general contractors and subcontractors. This construction estimating tool enables to save time and eliminate estimation errors. This new funding will help us scale up our success in the Israeli market and present the most advanced construction estimation software to Europe, starting in the UK."
Dima Haikin, ConWize CEO
The platform is already in use by the largest and most innovative general contractors in Israel, as well as thousands of subcontractors and suppliers. The platform's cloud-based architecture will facilitate the fast global growth ConWize expects.
ConWize is transforming the construction industry's tendering process, including bidding and cost estimation. With ConWize's SaaS platform, contractors can estimate projects more accurately, answer more tenders, and win more projects. The platform also offers advanced analytical capabilities, enabling companies to make data-driven decisions and improve their bidding from project to project.