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Via TechCrunch by Arman Tabatabai: Venture capital has been flooding the various subverticals under the robotics umbrella in recent years, and the construction space is one of the largest beneficiaries. One of the most common areas of attention respondents highlighted were startups focused on construction and manufacturing.
The influx of capital will further Terabases mission of transforming the construction of utility-scale solar power plants through digitalization and automation. Terabase aims to capitalize on the trend of utility-scale solar now the fastest and most cost-competitive form of new energy generation.
With the pandemic affecting every aspect of life and industry, it’s no surprise that digitization is coming to construction fast. Construction suppliers are increasingly under the same pressure as other sectors to perform at a higher level. This is the argument of Brokrete , which bills itself as the “Shopify of construction.”.
San Francisco-based construction startup Versatile is announcing today that it has raised a $20 million Series A. The round was led by Insight Partners and Entree Capital, along with existing investors Robert Bosch Venture Capital GmbH, Root Ventures and Conductive Ventures. The round follows $8.5
Allison Xu is an investor at Bain Capital Ventures, where she focuses on investments in the fintech and property tech sectors. In the wake of COVID-19 this spring, construction sites across the nation emptied out alongside neighboring restaurants, retail stores, offices and other commercial establishments.
ConstructCapital co-founders and general partners Dayna Grayson and Rachel Holt continue to dive into innovation that some investors may not think is so sexy, but actually runs behind the scenes so that our food gets to grocery stores every week and our packages arrive when they say they will.
While legacy sectors like transportation and energy have embraced new tech, innovation in the construction industry has been slow to take hold. Even though many large construction firms manage internal R&D units, more than a third of employees say they’re reluctant to adopt new technology. of the U.S. Its recently enacted $1.2
Construction as an industry has evolved with civilization through the ages. Construction’s digital transformation journey is only just beginning, and the sector offers a ton of space for innovation. To get a clear picture of where construction tech stands today, we spoke with five active investors in the space.
Site tours of construction projects that are geographically distant, reducing travel time. Project management and supervision of subcontractors on construction sites, and assistance from offsite experts for projects that require unexpected expertise. The Revit Live product turns Revit models into immersive experiences.
All three organizations aim to empower communities in Argentina by addressing social problems through reducing construction debris, creating organic gardens, and promoting digital literacy respectively. La Escombrera is an organization that aims to reduce construction waste in Argentina. What projects are you working on now?
based construction tech company that offers an artificial intelligence (AI)-powered platform to help project managers track work and capture data from building sites, has raised $16 million in funding. So it’s clear that investors are still keen on backing the next big construction industry movers and shakers. Disperse , a U.K.-based
The products include access to capital, spend management, and savings tools. Backers include the Rounds lead N otable Capita l, with significant participation from Redpoint Ventures and existing investors Ribbit Capital, Thrive Capital, and GIC. Incumbent methods systematically bias against women- and minority-owned businesses.
PR isn''t a one shot deal--it''s about constructing a story that will evolve over time. Venture Capital & Technology' You launch to the public, announce a funding, and then what? What''s the PR going to say two weeks after that, and two weeks after that, and two weeks after that?
Examples like the Wood First recycling initiative in Sweden show that a 50% reduction in construction-related carbon emissions can be achieved by repurposing urban wood for public construction projects. Reclaiming wood significantly reduces carbon emissions.
Register Singapore -based construction planning startup Frontline Industrial Software has raised $700,000 in seed funding. Cocoon Capital, an investment firm from the same country, led the round. With the newly secured seed funding, the company aims to change the field of construction planning by leveraging its unique software.
The Houston-based startup developed a robot that prints building layouts on the floor of construction sites, so workers know where — and where not — to build. Now, it seems, construction is a prime target for robotics. Pandemics happen, people get sick — but construction, it seems, never stops.
Mosaic Building Group , a Phoenix, Arizona-based construction tech startup, has raised $44 million in a Series B funding round led by Peak State Ventures. New investors Starwood Capital, invisionAZ, Tekfen Ventures, Volt Capital, Brightstone and Naval Ravikant also put money in the round. million since its 2015 inception.
Kojo , a startup that aims to help construction companies in the U.S. Earlier this year, the startup rebranded to Kojo and expanded from serving just one construction trade — electrical — to eight, including mechanical, concrete, drywall, roofing, flooring, site preparation and self-perform general contractors. .
In a significant boost to the venture capital landscape of Central Pennsylvania, the region is set to benefit from the establishment of the Keystone Innovation Fund II, thanks to a generous grant of $412,598 from the US Economic Development Administration’s ‘Build to Scale Capital Challenge.’
The trillion-dollar construction industry is often tarred with the inefficiency brush , accused of failing to move with the times and ignoring digitization in favor of legacy tools. But there is plenty of evidence that things are changing, with countless startups raising large sums of cash to help the construction industry modernize.
More construction projects are being started, but payments to contractors and their subcontractors continue to cause a bottleneck in the normal course of completing a project. Constrafor grabs $106M in equity, credit to finance construction subcontractors The company raised $106.3
In the construction industry, managers can become disconnected from what’s happening on-site — particularly when dealing with pandemic-related disruptions. One study found that 85% of construction projects over the course of a 70-year period experienced cost overruns and just 25% came close to their original deadlines.
Bridgit , a “workforce intelligence” technology company that is focused on the construction industry, announced today that it has raised CAD$24 million, or about US$19.4 CEO Mallorie Brodie and COO Lauren Lake founded Bridgit in late 2012 with the mission of helping construction companies maximize profits “by taking a people-first approach.
When people tell you how and why they raised capital or what drove their app to success, they often attribute success to planning or neat little explainable reasons when they might simply have no clue what happened. Venture capital is kind of like a knuckleball. Even the guy tossing it around has no clue why it winds up where it does.
When it comes to construction projects, any type of delay can result in increased costs both for the contractor and their customer. It is also interesting that Tiger Global is a co-lead as it is yet another example of the investment giant backing a construction tech company — a growing area of interest for the firm.
Construction tech is one of those sectors that has not historically been considered “sexy” in a startup world that often favors glitzier technology. But construction fuels the commercial and real estate industries, which in turn impacts all of us in one way or another. Despite the hype, construction tech will be hard to disrupt.
French startup Graneet is building an all-in-one software-as-a-service product focused on small construction companies. Due to the founder’s background, Graneet is focusing on construction companies. So Graneet is building a sort of mini ERP for construction SMBs. That’s why the startup raised a €8 million Series A round ($8.7
I worked for Yvon and Malinda in the mid-’90s, first heading up the “technical” products group (all the sport-specific products requiring specialized fabrics and construction), and then leading the effort to build the company’s first online store. We already know we’re outliers in the blue-shirts-and-khakis world of venture capital.
Dreamit Urbantech Managing Director Andrew Ackerman recently sat down with Jeff for a wide-ranging conversation on real estate tech, and a large part of that conversation focused on what founders can do to successfully raise venture capital from real estate tech investors.
billion of total venture capital. List of 60 Top Women-led Venture Capital Firms The following includes venture funds founded by women or those that have a focus on funding women-founded or gender-mixed startups and early-stage companies. According to the PitchBook data, in 2022 U.S.-based billion) out of approximately $238.3
If you’ve ever had to get a construction permit, you know that the process can be very painful and time-consuming. It’s a lofty claim, but if Pulley can well, pull that off, it could be revolutionary for the construction industry, where time is very much money. Commercial construction in the U.S. million toward that effort.
One element of the 2021 venture capital apotheosis that doesn’t get enough attention is corporate venture capital. As with other forms of venture capital, CVC has pulled back some this year. CVC boomed through last year, leading TechCrunch to interview a number of CVC investors last August to better understand the trend.
Developing construction systems to create infrastructure and habitats on the moon, and eventually Mars, with NASA. These are just some of the things that Austin, Texas-based construction tech startup ICON has been working on. Creating single-family homes for the homeless using 3D printing robotics.
The image translators work for the construct program. I’m proud to have worked with them when I was at my previous firm, First Round Capital--and while I currently have no economic ties to the company, as a participant in our society’s legal frameworks, I’m deeply vested in their work. Cypher: Well you have to.
It claims to be able to 3D print structures “two times as quickly with 95% less labor hours and 10-times less waste” than conventional construction. The company takes a hybrid approach to home construction, combining 3D printing and prefab (meaning built offsite) building, according to co-founder and COO Alexey Dubov.
One of the quieter conversations in venture capital has only grown louder, in my DMs and interviews, over the past few months: The known bias in venture capital has been a branding issue for some of the emerging, diverse fund managers just now splashing onto the scene. I interviewed the past and present guard over at Kapor Capital.
The biggest difference I cite is that Venture Capital often feels like an “individual sport” while startups are a “team sport.” Funds like First Round Capital, True Ventures, Foundry Group, HomeBrew, USV and many others are still run by the founders and are still on the mission they started.
Venture Capital & Technology' The fact that most entrepreneurs don''t focus on fundraising enough can drag this whole thing out a lot. I''ve been in processes where I''ve committed, but I won''t write a check until at least 500-750k is committed (b/c I don''t want to be part of a bridge to nowhere) and that has taken a long time.
Concerned about high unemployment (then 9 percent), both sides recognized that any comprehensive effort to create jobs through innovation would hinge on Washington’s ability to get capital into the hands of aspiring entrepreneurs. But there’s much more our elected leaders could do. Washington should work quickly to help make it happen.
The costs of construction and land values has increased far more quickly than incomes over the last 20 years, making it hard to build for the mass market. More than half the rental stock under construction today requires incomes of at least $100,000 and 90 percent of new supply requires incomes of at least $75,000.
At first, the company was focused on construction ADUs (accessory dwelling units), but now it is building multi-family homes and single-family homes at scale. . Veev’s panelized construction takes place in its 50,000-square-foot “Digital Fab” facility. Panels are efficiently assembled on-site using our plug & play system,” he said.
The additional capital builds upon a $40 million a raise the company announced earlier this year, bringing its total funding since its 2017 inception to $100 million. The company claims to be able to 3D print structures “two times as quickly with 95% less labor hours and 10-times less waste” than conventional construction.
Register Southeast Asia-focused venture capital firm Go-Ventures has successfully concluded the final close of its second flagship fund, raising a total of $240 million. As part of the announcement, the company has rebranded itself as Argor Capital Management.
On the other hand, I'm pretty sure they don't mean someone who came up with the idea, put in some initial capital and did some initial part time work--because then you'd have a Co-Founder along the lines of Garrett Camp at Uber.
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