Construction tech, while still nascent, is a growing industry with funding growing 5x in 2015 alone.
Collaboration Software – This was the largest category in our market map and includes tools that offer task management, job-site scheduling, and document management software to the construction industry. The category includes Fieldlens which has raised over $12M to date from investors like Openview Venture Partners, Primary Venture Partners, and Softbank Capital, among others.
Marketplaces – This category helps match clients or homeowners with contractors, architects, and/or equipment. The section includesEquipmentShare, which has raised $7.7M from Romulus Capital and Y Combinator, among others.
Data and Analytics – This section includes companies like Rhumbix which has raised roughly $6M to date from Greylock Partners and Brick & Mortar Ventures, among others.
Building/Project Information – This category counts companies likeSmartBIM which provides building information solutions to players in the construction industry. SmartBIM raised roughly $1.3M in funding to date.
Frontier Tech Applications – Companies here use frontier tech — in which we include drones, AR/VR — and apply it to the construction industry. The category includes TraceAir which uses UAVs to analyze and track progress on construction sites. They raised a $250K seed round from 500 Accelerator.
Design Software – These startups offer design software to the construction industry. Flux Factory has raised more than $39M from DFJ, Obvious Ventures, Temasek and Surbana Jurong Private Limited, among others.
Financial/Project Management – This was one of the smaller categories in our map and includes Joist, a software tool for contractors that allows them to estimate, invoice, and manage projects. Joist raised an undisclosed seed round in 2015 from Accomplice and Matrix Partners.