About Paces
Paces is a company based in Brooklyn (United States) founded in 2022 by James Mcwalter and Charles Bai.. Paces has raised $12.9 million across 2 funding rounds from investors including Sky Foundation, Navitas Capital and Suffolk. Paces offers products and services including Market Suitability Tool, Site Selection and Ranking, and Development Support. Paces operates in a competitive market with competitors including Procore, Hover, Nemetschek Group, Viewpoint and Aconex, among others.
- Headquarter Brooklyn, United States
- Founders James Mcwalter, Charles Bai
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Sectors
Real Estate & ConstructionEnergy & Utilities
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$12.9 M (USD)
in 2 rounds
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Latest Funding Round
$11 M (USD), Series A
Jul 30, 2024
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Investors
Sky Foundation
& 14 more
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Employee Count
Employee Count
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Products & Services of Paces
Paces offers a comprehensive portfolio of products and services, including Market Suitability Tool, Site Selection and Ranking, and Development Support. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Identifies best markets for renewable energy strategies and site potential.
Assesses and ranks sites for development risks and suitability.
Provides customized data verification for faster project decisions.
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Software Development Team
4 people
Product Management Team
1 people
Co Team
1 people
Engineer Team
1 people
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Funding Insights of Paces
Paces has successfully raised a total of $12.9M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $11 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $11.0M
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First Round
First Round
(02 Jun 2022)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series A - Paces | Valuation | Navitas Capital , Suffolk |
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| Jun, 2022 | Amount | Seed - Paces | Valuation | Resolute Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Paces
Paces has secured backing from 15 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Sky Foundation, Navitas Capital and Suffolk. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments in technology sectors are managed by Navitas Capital.
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Founded Year | Domain | Location | |
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Construction and real estate startups are invested in by Suffolk.
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Founded Year | Domain | Location | |
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Early-stage venture capital funding is provided to founders.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Paces
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Paces
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Paces Comparisons
Competitors of Paces
Paces operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Procore, Hover, Nemetschek Group, Viewpoint and Aconex, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
SaaS project management software is provided for construction professionals.
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| domain | founded_year | HQ Location |
Hover is recognized for providing construction and renovation software solutions.
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| domain | founded_year | HQ Location |
Provider of management solutions for the construction sector
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| domain | founded_year | HQ Location |
SaaS-based project management solutions are delivered for construction.
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| domain | founded_year | HQ Location |
Cloud-based project management software is delivered for construction projects.
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| domain | founded_year | HQ Location |
SaaS project management software for homebuilders is offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Paces
When was Paces founded?
Paces was founded in 2022.
Where is Paces located?
Paces is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.
Who is the current CEO of Paces?
James Mcwalter is the current CEO of Paces. They have also founded this company.
Is Paces a funded company?
Paces is a funded company, having raised a total of $12.9M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.9M, raised on Jun 02, 2022.
What does Paces do?
Founded in 2022 and based in Brooklyn, United States, Paces operates as a platform in the renewable energy sector. Sites are assessed for project development through integrated modeling and data points. Decisions by developers are supported in renewable initiatives. Analytical solutions are provided to streamline evaluations and planning processes across potential locations.
Who are the top competitors of Paces?
Paces's top competitors include Procore, Hover and Nemetschek Group.
What products or services does Paces offer?
Paces offers Market Suitability Tool, Site Selection and Ranking, and Development Support.
Who are Paces's investors?
Paces has 15 investors. Key investors include Sky Foundation, Navitas Capital, Suffolk, MCJ Collective, and Resolute Ventures.
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