Tuesday, August 11, 2020

Navitas Capital Names New Venture Partner

Los Angeles-based Navitas Capital, a venture capital investment fund focused on real estate and construction technology, said today that it has named Michael Spies as a Venture Partner at the company. Spies was previously at Tishman Speyer, where he had been for 30 years, and was involved in investments in Honest Buildings (acquired by Procore) and OpenSpace. Navitas said Spies led businesses in Europe and India, created and headed Global Innovation, and was chair of the Investment Committee at Tishman Speyer. Navitas says Spies will help provide guidance to the firm asi t begins investing out of its third fund, and will also support its portfolio ventures.

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