Construct Capital Announces $300 Million Fund III
Construct Capital, a Washington, D.C.-based venture capital firm, has successfully closed its third fund, securing $300 million in capital commitments. Founded in 2020 by former NEA partner Dayna Grayson and ex-Uber executive Rachel Holt, Construct Capital focuses on early-stage investments in startups aiming to revolutionize foundational industries through technological advancements. AltAssets
Focus on Underinvested Sectors
The newly raised fund will target sectors traditionally overlooked by venture capital, including manufacturing, logistics, transportation, defense, and energy. By investing in these areas, Construct Capital aims to address inefficiencies and drive innovation, leveraging emerging technologies such as artificial intelligence, automation, and data analytics. Press Release Services+1WSJ+1constructcap.com
Notable Portfolio Companies
Construct Capital has a diverse portfolio of over 40 companies, including:PitchBook+3TechDataVC+3TechDataVC+3
- Hadrian: Utilizes software to manufacture parts for the defense and aerospace industries. TechCrunch
- Veho: Specializes in last-mile e-commerce delivery services, optimizing the final leg of product distribution.
- ChargeLab: Provides electric vehicle station management solutions, facilitating the integration of EV infrastructure. TechDataVC
- The Rounds: Offers subscription-based delivery of household essentials, focusing on sustainability and convenience. TechDataVC
Investment Strategy and Objectives
With Fund III, Construct Capital plans to allocate between $2 million and $10 million per startup, aiming to invest in approximately 24 companies. The firm seeks to partner with founders who are developing solutions that are both technically ambitious and economically essential, transforming industries that are critical to the economy’s infrastructure. WSJconstructcap.com
Support from Institutional Investors
The successful fundraising underscores institutional investors’ confidence in Construct Capital’s strategy and its focus on revitalizing foundational industries. The firm has attracted support from endowments, foundations, large family offices, and fund-of-funds, bringing its total assets under management to $750 million. Press Release Services+1constructcap.com+1WSJ
Conclusion
Construct Capital’s $300 million Fund III marks a significant step toward modernizing sectors that are essential to the economy yet have been historically underfunded. By investing in technology-driven solutions, the firm aims to enhance efficiency, security, and resiliency across manufacturing, logistics, transportation, defense, and energy industries.WSJ+4Press Release Services+4constructcap.com+4
For more information on Construct Capital’s investment philosophy and portfolio, visit their official website.
