Navitas Capital, a Los Angeles, CA-based venture capital firm investing in technology solutions for the built environment, added Michael Spies as Venture Partner.
With Navitas, Spies will provide guidance as the firm begins investing from its third fund and will offer strategic support to its various portfolio ventures.
A 30-year veteran of Tishman Speyer, Spies brings deep global experience in real estate development and investment. During his time at Tishman, he led its businesses in Europe and India, created and headed Global Innovation, and was chair of the Investment Committee. Spies is an active investor and advisor through Fuse Strategies LLC and is engaged on Boards or in advisory capacities with multiple early stage companies.
Prior to joining Navitas, Spies and Navitas had co-invested in Honest Buildings (acquired by Procore) and OpenSpace.
Spies is a Global Governing Trustee of the Urban Land Institute (ULI), and chaired the jury for its highest honor, the ULI Prize for Visionaries in Urban Development. He also serves on the board of TechnoServe, a non-profit organization reducing poverty in the developing world and on the Advisory Board of the Taubman Center for State and Local Government at Harvard’s Kennedy School.
Founded in 2009, Navitas is a venture capital firm focused on transformative real estate technology and innovation. Real estate owners, operators and developers themselves, the Navitas partners evaluate potential investments using their venture fund, their own cross sector real estate portfolio and those of their limited partners, which include large publicly traded REITs, real estate private equity firms, Fortune 500 companies, endowments, and family offices.