noa
noa is a London-based venture capital firm, founded in 2019, that invests in early-stage technology companies decarbonising the built world, managing €250M+ across two funds backed by European real estate owners, operators, and family offices.
- Company typePrivate
- Founded2019
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What noa does
noa is a London-based venture capital firm, founded in 2019 and operating through A/O VC UK Limited, that invests in early-stage technology companies decarbonising the built world. The firm manages two fund vintages — most recently a €250 million Fund II (A/O Built Technologies II SCSp) — with capital sourced from large European real estate owners, operators, and family offices. Its 32 portfolio companies span structures, energy, materials, environments, mobility, and community, with ~70% explicitly focused on sustainability and an aggregate operating footprint exceeding 1 billion square feet across 40+ markets. Notable holdings include PassiveLogic (AI building automation), Venn (multifamily property management), SatVu (thermal intelligence), CONXAI (construction AI), and MeltPlan (AI-native preconstruction).
noa is regulated by the UK Financial Conduct Authority as an Appointed Representative of The Fund Incubator Limited (firm reference 972518) and operates as an SFDR Article 8 fund, aligning with EU Sustainable Finance Disclosure Regulation standards. The firm is a signatory to the UN Principles for Responsible Investment and a member of VentureESG, ImpactVC, and the UK Green Building Council. It produces proprietary research such as the annual State of Built World Tech reports and publishes an annual sustainability report.
The business model is classic venture fund management: revenue is generated through management fees (typically ~2% of committed capital) on Fund I and Fund II, plus carried interest on successful exits (e.g., Aquicore's acquisition by Infogrid in 2022). The firm does not sell technology products or services directly; its offering to portfolio companies is capital paired with strategic support, LP-driven commercial partnerships, and cross-border expansion assistance between Europe and North America.
noa firmographics
Firmographics- Name
- noa
- Legal name
- A/O UK 1 Limited
- Website
- https://noavc.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- noa is a London-based venture capital firm, founded in 2019, that invests in early-stage technology companies decarbonising the built world, managing €250M+ across two funds backed by European real estate owners, operators, and family offices.
- Ownership category
- akta.pro rank
noa industry classification
Industry- Product category
- Venture Capital (Built World / Proptech)
- NAICS
- Finance and Insurance (52)
- akta.pro primary industry
- Managed Account / SMA Multi-Manager Platforms (FSANAGAL)
Keywords
Where noa is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
noa business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Fund Management: noa generates revenue through fund management fees (typically charged as a percentage of committed capital under management) and carried interest from successful portfolio company exits. The firm manages funds backed by real estate owners, operators, and family offices seeking to accelerate sustainable living through venture investment.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels7 records
noa product offering
Product offeringCore offering
noa is a venture capital firm that invests early-stage capital into built world technology companies targeting decarbonisation of buildings, energy, materials, mobility, and community infrastructure. It raises and deploys pooled fund vehicles (Fund I and the €250M Fund II), charges management fees and carried interest, and supplements capital with strategic support, LP introductions, and pilot access to portfolio founders.
Product overview
noa is a venture capital firm, not a product company. It does not offer commercial products or services in the traditional sense. noa's offering consists of investment services, providing capital and support to early-stage founders building transformative technologies for the built world. The firm operates as a fund manager, deploying capital into portfolio companies across sectors including structures, energy, materials, environments, mobility, and community. noa's website serves as an informational portal about its investment activities, portfolio companies, team, and thought leadership content.
Differentiator
Problem solved
Functional benefit
Products and services
- Fund I (A/O Built Technologies I)
Quantifiable outcome
- 32 portfolio companies across 40+ geographical markets with 70% sustainability focus
- +2 more outcomes
Companies that use noa
Customer profileNamed customers11 records
Segments2 records
Ideal customer profiles2 records
noa technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
noa partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- UNPRI (United Nations Principles for Responsible Investment)corenoa is a UNPRI signatory in commitment to responsible investment practices, aligning with global ESG standards and demonstrating commitment to sustainable investing.
- VentureESGcorenoa is a member of VentureESG, a community-based initiative from VCs for VCs to push the industry forward on good ESG practices and share best approaches to ESG integration.
- ImpactVCminornoa team members are actively part of ImpactVC, a community of VCs accelerating impact within venture focused on built world decarbonisation.
- UK Green Building Councilminornoa team members are members of the UK Green Building Council, a member network committed to transforming the sustainability of the built environment in response to climate and nature crises.
Scale indicators6 records
Recent moves5 records
Expansion highlights4 records
noa competitors and assessment
Company assessmentDirect peers
- Fifth Wall: Largest US/EU-focused VC firm dedicated to real estate and built-world technology; most direct competitor to noa with overlapping thesis on decarbonization, proptech, and contech investments.
- 2150: European VC investing in built-environment technology with a climate and urban-systems focus; directly comparable to noa in thesis, geography, and stage.
- Brick & Mortar Ventures: US-focused construction technology VC investing across software, hardware, and materials; comparable stage, deal-size, and built-world thesis to noa's portfolio.
- Building Ventures: Early-stage VC focused on technology for the built environment, including construction, real estate, and operations; highly comparable investment scope to noa.
- Moderne Ventures: US-based proptech/real-estate VC with strategic LP base of industry incumbents; mirrors noa's strategic-LP-backed model and thesis.
- Pi Labs: London-based proptech VC investing across Europe and the US; competes with noa for similar deal flow and LP relationships in the European built-world ecosystem.
Broad incumbents
- JLL Spark: CVC arm of JLL (a global real estate services incumbent) investing in proptech and built-world technology; broad incumbent peer with corporate-VC dynamics and similar thematic focus.
Emerging players
- AENU: European climate-tech VC investing in early-stage companies addressing decarbonization; thematic overlap with noa's sustainability portfolio.
- Pale Blue Dot: European climate VC backing early-stage founders in climate solutions; co-invested alongside noa in VARM, indicating direct portfolio overlap.
- Concrete Ventures: Built-world and climate-focused venture fund with thesis overlap on decarbonizing the built environment; comparable early-stage focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
noa social profiles
Digital presencenoa financial estimates
Financial estimateRevenue estimate
Valuation estimate
noa leadership team
Management profileNumber of profiles
Profiles11 records
noa funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
noa M&A and investment
M&A and investmentM&A
Investments52 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about noa
What does noa do?
noa is a venture capital firm that invests early-stage capital into built world technology companies targeting decarbonisation of buildings, energy, materials, mobility, and community infrastructure. It raises and deploys pooled fund vehicles (Fund I and the €250M Fund II), charges management fees and carried interest, and supplements capital with strategic support, LP introductions, and pilot access to portfolio founders.
Is noa a public or private company?
noa is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was noa founded?
noa was founded in 2019. It employs 11 to 50 people.
Where is noa based?
noa is headquartered in London, United Kingdom, in the Europe region.
How does noa make money?
One revenue line is on record: fund Management.
Who are noa's main competitors?
Direct peers on record are Fifth Wall, 2150, Brick & Mortar Ventures, Building Ventures, Moderne Ventures and Pi Labs. JLL Spark is listed as a broad incumbent. Emerging players are AENU, Pale Blue Dot and Concrete Ventures.
Does noa have an API?
No public API is recorded for noa.
What industry is noa in?
noa's product category is Venture Capital (Built World / Proptech). Its primary akta.pro industry code is FSANAGAL, Managed Account / SMA Multi-Manager Platforms. Its NAICS code is 52.