Each year BuiltWorlds tracks investment activity across the sector to produce our Top Venture Deals 50 list that encapsulates 50 of the most momentous investments of the year. Last year we had ten of those deals include companies that are looking to reshape the Building Tech sector of our industry.

With over $1 billion in investments poured into these 5 companies we thought it would be good to check in and see how the influx of funds have helped them pushed their businesses forward.

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1. H2 Green Steel

$260M | Series C | October 19th, 2022 | Sweden

Where are They Now?

2. Sun King

$260M | Series D | April 27th, 2022 | Kenya

Where are They Now?

After a massive funding round in 2022 let by BeyondNetZero, the Kenyan company partnered in May with Citi to secure a large land purchase that will allow greater access to Kenyan's who are not part of the power grid. The $130 million investments could signal a shift in investor opinions about solar powering areas like Kenya, who have long had infrastructure issues in terms of delivering power to area outside major metropolitan areas, but also have an abundance of sun power waiting to be harnessed.

3. Verkada

$205M | Series D | September 16th, 2022 | United States

Where are They Now?

4. Redaptive

$200M | Venture | December 19th, 2022 | United States

Where are They Now?

The Energy as a Service company Redaptive landed $200 million in funding in 2022 to grow the Denver-based company. Redaptive is a company that takes on risk in the form of large energy deals for projects that require power but may not have willing investors lined up. This company takes their business model a step further by using sensors and other large scale data libraries to prove that their work is paying off over time. The company is currently being valued around $1 billion.

5. Material Bank

$175M | Series D | May 5th, 2022 | United States

Where are They Now?

The New York and Florida based company has raised another $100 million in investments on a $1 billion valuation. Material Bank is a material sample aggregate company who uses hundreds of vendors to get sample materials - such as carpet swatches - that can then be sent faster and more efficiently to end-users. Removing the risk of lost samples that can slow a project. The fundraising efforts are a part of Material Bank's efforts to grow their business infrastructure.

5 Building Tech Companies that Collectively Raised over $1 Billion in 2022 and Where They are Now

Interested in the Building Technology sector?

Click here to get more information and to regisiter

1. H2 Green Steel

2. Sun King

3. Verkada

4. Redaptive

5. Material Bank

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