There are millions more in investments on their way toward Series A construction and real estate tech startups intending to create a "better built world."
Early-stage venture firm Building Ventures this week announced the closing of its $95 million Fund II. It will look to make 18 to 20 seed investments designed to improve every stage of the full building lifecycle, ultimately making spaces we use healthier, more practical and less wasteful.
This would include quality and origin of materials used, to the overall environmental impact, from construction process to daily operation, said general partner Jesse Devitte in a release.
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He and partner Travis Connors noticed the need for innovation in built environment technology and the opportunity to partner with industry entrepreneurs when they started their firm in 2017.
Money Already Put to Work
According to its release, it began investing in these companies starting in early 2022:
- Animated Insights: a leading provider of digital twin technology solutions across industry and infrastructure.
- Extracker: provides financial transparency to the construction industry by making change orders collaborative.
- Skillit: a powerful recruiting platform that provides construction companies access to a growing network of qualified workers.
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