An Investment Case Study
Creating Value in the Construction Industry
Overview
Dextall is a New York–based company modernizing the building envelope category through prefabrication and design automation. Dextall's prefab façade platform accelerates delivery of much-needed U.S. housing stock while improving building efficiency, cutting install times by 80%, labor needs by 87%, and energy costs by 20%.
We led Dextall’s $15 million expansion round and joined the board to support its next phase of growth.
Investment Thesis
Dextall exemplifies our approach: a traditional U.S. industry with high complexity, rising cost pressures, and a clear opportunity for technology to unlock value. The company’s current backlog exceeds $100 million, with a strong concentration in affordable housing projects.
Our Role
We partnered with Dextall’s leadership to refine strategic priorities, speed technology adoption, and improve financial sophistication. Yellowwood was introduced early in the relationship and is now used by both management and the board.
See our work with Dextall >
Clarity That Drives Smarter Decisions
Y Capital Fund I, LP
Fund size: $100 million
Launching in 2026, this inaugural fund will be designed to make an average of five investments, averaging $20 million each. We will be focused on companies like Dextall: established U.S. businesses in traditional sectors with real traction, strong profitability, and clear, near-term opportunities for value creation. Each investment will target companies that qualify for Qualified Small Business Stock (QSBS), providing our LPs with substantial capital gains exemptions.
Terms
- Min Commitment: $1M (called over 4-5 years)
- Management fees: 2% offset by Yellowwood revenue, 20% carried interest
- Co-investment Rights: unlimited but pro-rata when oversubscribed
Targets
- Revenue: $20-$100 million
- EBITDA: positive
- Sectors: Industrials, Life Sciences, Energy, and Digital Infrastructure
- Geography: US-based or US as primary market
Y Capital was built at the intersection of software, private equity, and real-world operators
– Eric Vest
