CloudWorks Adventure Capital is a hybrid social enterprise and real estate investment company exclusively operating in Yellowknife. The idea is to put space to its highest and best use, in a broader sense. Many CloudWorks projects promote urbanization, such as housing a community of NGOs and small businesses and building a car-share cooperative. The common element is that CloudWorks gives its friends-and-family investors opportunities to build value and change the face of the North.
The core business works to provide an affordable entry into the prohibitive Yellowknife housing market and turnkey, flexible rental space for Northern businesses. It is interested in adapting the latest innovations—co-working, co-living, laneway housing, modular construction and more—to the NWT context. CloudWorks has undertaken $10.7 million-worth of real estate projects to date.