Sequoia, Greylock, And Bain Capital Deals Highlight Growing Investor Interest In Construction Tech
Summary
Deal activity to construction tech startups is on pace for a multi-year high in 2015. In total, construction tech startups have raised nearly $350M across more than 100 deals since the start of 2010, according to CB Insights data. Prominent VC firms including Sequoia Capital and Greylock Partners are among the investors betting on tech startups operating in the construction industry. Specifically, Sequoia led an $18M Series A round to PlanGrid, a construction app allowing contractors and architects to collaborate on project plans, specs and photos, while Greylock invested in a $6M Series A to Rhumbix, which provides a mobile platform for construction field supervision. This report was created with data from CB Insights’ emerging technology insights platform, which offers clarity into emerging tech and new business strategies through tools like:If you aren’t already a client, sign up for a free trial to learn more about our platform.
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