
2014
Growing up in Section-8 housing and teaching homeless students during Teach for America, Alexandria became passionate about solving the housing crisis. She starts New Story to build homes for low-income families faster, cheaper, and at scale.

2015
New Story becomes one of the few non-profits ever accepted into Y Combinator. Since then, the New Story team has raised over $100M and aims house over one million people in the coming decade. The organization has been recognized four times by Fast Company as one of the World’s Most Innovative Companies.

2016
She does deep research into solutions that can help her build more effectively and narrows in on additive manufacturing. The research leads to a connection and eventual deep partnership with 3D printing company, ICON.
Research would later become a defining part of Hometeam Ventures’ culture and approach. Learn more about our research fellowship here.

2017
New Story and ICON co-develop and build a community of homes in Southeast Mexico. Alexandria invests in ICON, now valued a unicorn. AppleTV+ comes to record a docuseries episode about this project. The project gets over 2 billion press impressions and Alexandria is flooded with inbound messages from founders and innovators building technology for the construction industry. Watch the episode

2019
She invites these founders to test and experiment in New Story communities. Founders love this because they get an early opportunity to test and iterate in a real-world setting with feedback. Alexandria learns what technology works, what doesn’t, and why. Founders tell her that there are almost no venture capital allocators with experience in construction, especially at the early stage. Alexandria finds it hard to ignore this gap.

2020
We spoke with over 100 housing and construction stakeholders—from policymakers and construction executives to jobsite workers—to understand the industry’s readiness for innovation. Three takeaways inspired the launch of Hometeam Venture:
1. The construction industry is finally ready for digital transformation, creating a generational investment opportunity.
2. While late-stage investors are paying attention, few early-stage allocators have the expertise to invest confidently at the start in construction.
3. Construction is one of the most powerful levers we have to tackle housing affordability and climate change.

2021
This fund is purpose-built to back the founders modernizing how we build and who gets to benefit from it. See our portfolio.






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