What is Culdesac?
Culdesac distinguishes itself as the world's first post-car real estate developer, dedicated to building and managing car-free neighborhoods from the ground up in the United States. Founded in 2018 by former Opendoor founding team member Ryan Johnson and economic development specialist Jeff Berens, the company is redefining urban development by prioritizing pedestrian-friendly design and community-centric living. Their approach tackles the challenges of modern urban sprawl and car dependency, offering a vision for more sustainable and livable cities.
How much funding has Culdesac raised?
Culdesac has raised a total of $30M across 1 funding round:
Series A
$30M
Series A (2022): $30M with participation from Khosla Ventures, Byers Capital, LENx, Zigg Capital, Founders Fund, and Initialized Capital
Key Investors in Culdesac
Khosla Ventures
Khosla Ventures provides venture assistance and strategic advice to entrepreneurs working on breakthrough technologies. The firm was founded in 2004 by Vinod Khosla, co-founder of Sun Microsystems. With over fourteen billion dollars under management, the firm focuses on a broad range of areas including consumer, enterprise, ai, fintech and financial services, semiconductors, health, agriculture/food, sustainable energy, and robotics.
Zigg Capital
Zigg Capital is dedicated to accelerating the integration of real estate and technology to enhance the quality of life, work, and communities. The company provides support and empowers leading real estate technology entrepreneurs through its diverse portfolio, which includes platforms for investment management, digital mortgage closing, AI solutions, and construction project management, among others.
Founders Fund
Founders Fund invests in the world's most important and valuable companies across all geographies, sectors and stages. The firm's partners have been founders and early funders of companies including PayPal, SpaceX, Palantir, Anduril, Airbnb, Stripe and Facebook.
What's next for Culdesac?
The recent strategic investment signals a significant growth phase for Culdesac, likely enabling the company to accelerate the development of its existing projects and potentially expand into new markets. This backing from prominent investors suggests confidence in Culdesac's unique business model and its potential to scale. The company is poised to further its mission of creating accessible, sustainable, and vibrant car-free communities, potentially influencing future urban planning and real estate development trends.
See full Culdesac company page
