The Wall Street Journal, October 21, 2015
By Lizette Chapman
With air and water that has been specially filtered and lighting tuned to the body’s circadian rhythms, Delos Living LLC isn’t your typical real-estate company.
The New York-based company, which counts holistic health expert Deepak Chopra and environmental advocate and actor Leonardo DiCaprio among its advisers, has now secured $108 million from a few high-profile private investors, The Wall Street Journal has learned.
Bill Gates’s holding company Cascade Investment LLC. and Tampa Bay Lightning owner Jeffrey Vinik co-led the round, with participation from China-based Sino Ocean Land.
The infusion is the first such institutional round for Delos, which aims to do with its WELL standard for human health what LEED, or Leadership in Energy and Environmental Design, certification is doing for the environment. Since 2000, LEED certification has functioned as an environmental scorecard for buildings.
Structures of all types around the world earn certification based on their energy savings, water use and success in meeting other environmental goals that minimize the impact on mother earth.
Delos Founder and Chief Executive Paul Scialla said that as he watched the green building movement gain traction, he was bothered by what he considered a glaring omission and an overlooked business opportunity: human health.
“We spend 90% of our time inside. These environments should support human health and wellness,” Mr. Scialla said.
To learn more about the WELL standard and why investors decided to back Delos in its next steps, please read the full story in VentureWire.