Welcome to the 2025 Top 50 Investors—a showcase of the venture capital (VC) and corporate venture capital (CVC) firms actively shaping technology in construction and real estate.
BuiltWorlds has spent years tracking global investment trends, mapping out the firms that are fueling change across the built environment. Each annual list reflects a dynamic mix: established leaders, ambitious newcomers, and the expanding range of investors driving this sector’s rapid transformation.
Since debuting in 2018 with just 27 recognized firms, our coverage now spans hundreds, underscoring the accelerating role of venture capital in an industry long seen as slow to evolve. The 2025 edition highlights where momentum is strongest and how investment continues to power innovation across the built world.
How was this list created?
The Top 50 Investors of 2025 are presented in alphabetical order, selected for sustained deal activity between October 1, 2024, and October 1, 2025—including both new and follow-on investments. Both VC and CVC firms are considered, with deal counts determined through a combination of publicly available funding data and self-reported figures from the firms themselves. Deal size, investment round, and lead status are not factors in the ranking; in cases of a tie, recent activity serves as the tiebreaker. Each entry features a brief profile and highlights the largest publicly disclosed built environment deal made by the firm during the period.
Discover which investors are making a measurable impact and helping drive built world technology forward—right now.
WANT TO LEARN MORE ABOUT BUILTWORLDS INVESTMENT DATA?
BuiltWorlds venture research tracks deals via primary data collection and publicly sourced deal flow made in the built world ecosystem. Deals include a wide variety of innovative solutions that augment design, estimating, procurement, and construction of vertical & horizontal assets, as well as post-build technologies involved in operations, monitoring, and maintenance of built-world assets.
To see a full breakdown of all the deals tracked within the BuiltWorlds VC ecosystem, a further delineation of where this capital is being put to work, and insights into investment themes and trends, visit the BuiltWorlds Venture Dashboard.
On November 19 and 20 in Boston, leading startups, investors, innovation teams and tech adopters will converge to discuss current trends in the investment ecosystem. Join us for two days of information-packed sessions and networking by using the links to the right:
Related Analyst Research
In addition to our conferences, our analysts provide members with valuable research reports, briefings, lists, and other data-driven insights. Click below to sample some of our most recent Venture & Investment-focused research:
Top 50 Investors
Andreessen Horowitz
Andreessen Horowitz (also known as a16z) is a leading Silicon Valley venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz. Based in Menlo Park, California, a16z manages over $46 billion in committed capital as of 2025 and invests across all stages, from seed through growth, in technology companies spanning sectors such as AI, healthcare, crypto, fintech, enterprise software, gaming, and consumer tech. The firm is recognized for its large operational support team, its deep founder expertise, and its broad network designed to help portfolio companies accelerate growth and innovation.
Largest Deal (TTM)
EliseAI | $250 million | Series E | August 2025
Base10
Base10 Partners is a San Francisco-based venture capital firm investing in early-stage technology companies that bring automation to major sectors of the real economy, such as logistics, retail, operations, finance, food, and construction. The firm typically backs seed and Series A rounds, supporting founders who use data and automation to solve real-world problems and drive meaningful impact. Base10 aims to help companies scale solutions that improve processes and create broader value across traditional industries.
Largest Deal (TTM)
Monograph | $20 million | Series B+ | February 2025
Bessemer Venture Partners (BVP)
Bessemer Venture Partners is a globally recognized venture capital firm based in San Francisco that invests in enterprise software, consumer, healthcare, cloud, fintech, cybersecurity, and deep tech companies through all funding stages. As of 2025, Bessemer manages over $18 billion in assets and has backed industry leaders like Shopify, Pinterest, LinkedIn, Wix, Toast, and Twilio. The firm is known for its decentralized, partner-driven approach and worldwide presence, with offices across North America, Europe, the Middle East, and Asia.
Largest Deal (TTM)
EliseAI | $250 million | Series E | August 2025
Bpifrance
Bpifrance is a leading venture capital investor in France, supporting startups and innovative growth companies through direct equity investments and fund-of-funds strategies. The firm focuses on backing high-potential, early and growth-stage businesses across sectors like technology, biotech, deep tech, and defense by providing both direct funding and investing in partner VC funds. In 2025, Bpifrance plays a central role in nurturing the French venture ecosystem—facilitating capital access, scaling innovation, and helping build globally competitive companies alongside private investors.
Largest Deal (TTM)
Shippeo | $30 million | Venture | January 2025
Breakthrough Energy
Breakthrough Energy is a global investment organization founded by Bill Gates that backs science-driven companies developing solutions to address climate change and accelerate the transition to net zero emissions. Its flagship fund, Breakthrough Energy Ventures (BEV), manages over $3.5 billion and invests in early through growth-stage startups focused on innovations in sectors like energy, industry, transportation, and agriculture with the potential to significantly reduce greenhouse gas emissions.
Largest Deal (TTM)
Form Energy | $405 million | Later Stage | October 2024
Brick & Mortar Ventures
Brick & Mortar Ventures is a specialized venture capital firm headquartered in California, focused exclusively on investing in technology companies that transform the architecture, engineering, construction, and facilities management industries. Founded in 2015 by Darren Bechtel, the firm backs early-stage startups developing software and hardware solutions that address inefficiencies and drive innovation across the built environment. Brick & Mortar takes a hands-on approach, leveraging deep industry expertise and relationships to help portfolio companies scale and improve project delivery, safety, and productivity in construction and related sectors.
Largest Deal (TTM)
Kraaft | $14 million | Series A | January 2025
Building Ventures
Building Ventures is a Boston-based venture capital firm focused on early-stage investments in technology companies that are reshaping the way the built environment is designed, built, operated, and experienced. The firm partners with visionary entrepreneurs who address challenges in construction, real estate, energy, and sustainability, providing both capital and industry expertise to help scale innovative solutions across the full building lifecycle. Building Ventures is led by investors and built environment veterans, and its portfolio includes startups pioneering advancements in building automation, smart infrastructure, and environmental impact.
Largest Deal (TTM)
Parspec | $20 million | Series A | July 2025
CDP Venture Capital
CDP Venture Capital is a leading Italian venture capital fund manager, established as part of the Cassa Depositi e Prestiti (CDP) Group, focusing on investing in innovative startups and scale-ups across Italy. The firm directly and indirectly manages a portfolio valued at €4.7 billion as of 2025, operates 15 funds, and has supported around 1,000 startups nationwide. CDP Venture Capital invests throughout all stages of company growth, from early to late-stage rounds—including seed, Series A, and Series B/C—as well as co-investment in specialized verticals such as DeepTech and BioTech.
Largest Deal (TTM)
Resilco | $5.5 million | Series A | March 2025
Cemex Ventures
Cemex Ventures is the corporate venture capital and open innovation unit of Cemex, focused on investing in, accelerating, and partnering with startups driving innovation in the construction industry. Founded in 2017, Cemex Ventures backs early and growth-stage companies worldwide that offer solutions for sustainability, productivity, digitalization, supply chain, and robotics within the built environment. The firm is recognized for its collaborative approach, connecting startups with Cemex’s industry network, resources, and expertise to scale new technologies and business models across construction. Strategic investments by Cemex Ventures emphasize reducing CO₂ emissions and advancing digital transformation in construction, with a portfolio spanning areas like green building, project management, and innovative materials.
Largest Deal (TTM)
TerraCO2 | $125 million | Series B | July 2025
Clean Energy Ventures
Clean Energy Ventures is a climate tech-focused venture capital firm that invests in early-stage companies commercializing breakthrough advanced energy technologies and business model innovations. Founded in 2017, the firm is headquartered in Boston and manages over $400 million across two funds, with a mission to support startups with the potential to mitigate at least 2.5 gigatons of carbon emissions by 2050.
Largest Deal (TTM)
Electrified Thermal Solutions | $19 million | Venture | December 2024
Congruent Ventures
Congruent Ventures is a San Francisco-based venture capital firm specializing in early-stage investments in companies addressing climate and sustainability challenges. Founded in 2017, the firm backs startups developing innovative solutions in sectors such as clean energy, mobility, industrial decarbonization, agriculture, and sustainable production. Congruent typically leads or co-leads Seed and Series A rounds, providing hands-on support and technical expertise to help entrepreneurs scale climate-focused businesses. The firm manages over $600 million across multiple funds and partners with founders making measurable environmental impact a core part of their business model.
Largest Deal (TTM)
Fervo Energy | $255 million | Later Stage | December 2024
Crosslink Capital
Crosslink Capital is a premier early-stage venture capital firm founded in 1989, with offices in San Francisco and Menlo Park. The firm manages over $4.2 billion in assets and focuses on investing from pre-seed through Series A in disruptive enterprise and consumer technology companies, including sectors like internet, software, fintech, healthtech, AI, security, and proptech. Crosslink is known for partnering with market disruptors and category creators, offering founders deep support through its Alpha Network—a community of more than 2,000 founders, operators, and industry leaders designed to accelerate portfolio company success. To date, Crosslink has completed over 480 investments, with more than 50 exits, including 17 IPOs.
Largest Deal (TTM)
Swift Navigation | $50 million | Later Stage | July 2025
Eclipse
Eclipse Ventures is a Palo Alto-based venture capital firm that partners with entrepreneurs building innovative companies transforming foundational physical industries. Founded in 2015, Eclipse manages over $2 billion in assets and invests across sectors like manufacturing, supply chain, logistics, healthcare, energy, transportation, construction, and defense. The firm backs companies from pre-seed to Series D, focusing on startups leveraging advanced software, hardware, and AI to address complex, industry-scale problems.
Largest Deal (TTM)
Verkada | $200 million | Later Stage | February 2025
Energize Capital
Energize Capital is a Chicago-based venture capital firm founded in 2016 that invests in climate solutions driving the transition to a digitized and decarbonized energy system, with a focus on asset-light, technology-enabled startups in sectors such as energy, industry, and infrastructure; as of 2025, Energize manages over $1.8 billion across multiple funds, leads Series A-C rounds, and partners closely with founders to scale sustainable innovation and commercial growth.
Largest Deal (TTM)
Greenlite | $50 million | Series B | September 2025
Energy Impact Partners
Energy Impact Partners (EIP) is a global investment firm focused on advancing the transition to a sustainable energy future by investing in companies decarbonizing the global economy. EIP partners with leading utilities, industrials, and forward-looking energy companies to back innovative startups and growth businesses in sectors such as clean energy, grid modernization, energy storage, mobility, and digital platforms. With over $4.5 billion in assets under management and offices worldwide, EIP leverages deep industry relationships and a collaborative approach, enabling its portfolio companies to access strategic partners, commercial opportunities, and technical expertise to scale impactful climate and energy solutions.
Largest Deal (TTM)
Form Energy | $405 million | Later Stage | October 2024
ETF Partners
ETF Partners (Environmental Technologies Fund) is a pan-European venture capital firm founded in 2005 and headquartered in London, dedicated to sustainability and impact investing. The firm invests in innovative, fast-growing European companies that deliver measurable environmental impact, with a strategy centered on “sustainability through innovation”. ETF Partners focuses on sectors such as future mobility, energy transition, green connectivity, responsible consumer, and sustainable food, typically investing at Seed and Series A stages. The firm is recognized for its hands-on support, impact-focused investment methodology, and commitment to backing visionary entrepreneurs whose technology can address global climate challenges while achieving commercial success.
Largest Deal (TTM)
Dexter Energy | $27 million | Series C | July 2025
Fifth Wall
Fifth Wall is a Los Angeles-based venture capital firm founded in 2016 that invests in technology-driven innovation for the global real estate industry, with approximately $3.2 billion in assets under management as of 2025. The firm connects over 110 major real estate owners and operators from more than 15 countries with entrepreneurs building PropTech and ClimateTech companies—targeting solutions in areas like building decarbonization, energy efficiency, smart building systems, and digital real estate platforms. Fifth Wall’s portfolio includes more than 150 leading startups, and the firm is recognized for its strategic network and impact in scaling sustainable technologies across the built environment.
Largest Deal (TTM)
Runwise | $55 million | Series B | June 2025
FJ Labs
FJ Labs is a stage-agnostic venture capital firm headquartered in New York City, specializing in marketplace and network-effect businesses and consumer-facing startups. The firm invests globally from pre-seed to late-stage rounds, with a broad portfolio encompassing over 1,000 companies—including Alibaba, Rappi, Flexport, Delivery Hero, and Coupang—with more than 30 unicorns among its investments. FJ Labs is recognized for supporting visionary founders and taking an active approach across geographies and company lifecycles.
Largest Deal (TTM)
Unblock | $13.5 million | Venture | July 2025
Foundamental
Foundamental is a global venture capital firm specializing in early-stage investments in technology and innovation for the architecture, engineering, and construction (AEC) sectors. With a portfolio focused on 3D design, construction, renovation, robotics, supply chains, and logistics, Foundamental partners with visionary founders worldwide—from day zero—to drive transformation across the built environment. The firm is deeply embedded in local markets while collaborating globally, supporting startups that are reimagining the real world and already counting multiple AEC-tech unicorns and high-profile companies like Infra.Market, Speckle, and Snaptrude among its investments.
Largest Deal (TTM)
Infra.Market | $120 million | Later Stage | January 2025
Gaingels
Gaingels is a stage-agnostic venture investment syndicate headquartered in Burlington, Vermont, that co-invests with leading venture capital funds in startups across sectors and growth stages, from pre-seed to pre-IPO. Since its founding in 2014, Gaingels has invested over $850 million in more than 2,000 companies, supporting founders with advisory resources—including talent, board recruitment, and diversity strategy. The firm’s model emphasizes co-investment alongside top-tier VCs, focusing on building strong, inclusive teams and providing capital to high-growth, venture-backed businesses.
Largest Deal (TTM)
Aalo Atomics | $100 million | Series B | August 2025
General Catalyst
General Catalyst is a global venture capital firm founded in 2000, investing from seed through growth stages across technology, healthcare, fintech, consumer, and enterprise sectors. With offices in Cambridge, Palo Alto, New York, London, and Berlin, the firm manages over $24 billion in assets as of 2025 and is known for backing companies like Airbnb, Stripe, Snap, Gusto, and Canva. General Catalyst supports founders with capital, strategic guidance, and operational expertise to help build transformative, industry-leading businesses worldwide.
Largest Deal (TTM)
Applied Intuition, Inc. | $600 million | Later Stage | June 2025
Giant Ventures
Giant Ventures is a multi-stage, thesis-driven venture capital firm founded in 2019 and headquartered in London, with additional offices in Los Angeles, Copenhagen, and New York. The firm backs purpose-driven technology founders who are building solutions in climate, health, and economic mobility, targeting both early-stage (pre-seed, seed) and growth-stage (Series B) opportunities across Europe and the US. Giant Ventures emphasizes systemic change and impact, working closely with entrepreneurs in sectors like sustainability, healthcare, and inclusive capitalism, and has launched multiple funds totaling hundreds of millions of dollars to invest in companies making a measurable positive difference in the world.
Largest Deal (TTM)
Flower | $50 million | Series A | October 2024
GV
GV (previously Google Ventures) is the independent venture capital arm of Alphabet Inc., founded in 2009 and headquartered in Mountain View, California. With over $10 billion in assets under management as of 2025, GV invests from seed through growth stages in sectors including software, AI, life sciences, healthcare, cyber security, and consumer technology, backing over 400 portfolio companies such as Uber, Slack, GitLab, and Nest. GV operates globally and provides portfolio companies with capital, strategic support, and unique access to Google and Alphabet’s technology, people, and expertise while remaining operationally independent from its parent company.
Largest Deal (TTM)
Apptronik | $350 million | Series A | February 2025
GS Futures
GS Futures is an early-stage venture capital fund backed by the GS Group, investing in climate and energy transition, construction and real estate technology, and consumer tech. The fund collaborates with startups tackling challenging problems in these sectors, offering financial support as well as strategic guidance to drive sustainable growth and innovation. GS Futures operates as a corporate venture capital entity, leveraging the resources and network of GS Group to nurture high-impact technology ventures.
Largest Deal (TTM)
------
Insight Partners
Insight Partners is a global venture capital and private equity firm headquartered in New York that specializes in backing high-growth technology and software companies across all stages. As of June 2025, Insight manages over $90 billion in assets and has invested in more than 875 companies worldwide, including over 55 IPOs from its portfolio. The firm is recognized for its scale, deep operational support, and specialized focus on software—partnering with founders to accelerate growth, unlock strategic opportunities, and build transformative businesses.
Largest Deal (TTM)
Augury | $75 million | Later Stage | February 2025
Ironspring Ventures
Ironspring Ventures is an Austin-based venture capital firm focused on early-stage investments in digital industrial innovation, backing startups that are transforming sectors like construction, manufacturing, supply chain, transportation, and alternative energy. Launched in 2019, Ironspring has raised over $160 million across two funds and partners with founders driving advances in Industry 4.0, operational efficiency, and technology adoption in critical physical industries. The firm is known for leveraging deep sector expertise and a strong LP network of industry operators, helping portfolio companies scale through customer introductions, strategic guidance, and go-to-market support.
Largest Deal (TTM)
Track3D | $10 million | Series A | September 2025
Khosla Ventures
Khosla Ventures is a prominent Silicon Valley venture capital firm founded by Vinod Khosla in 2004, investing in early and growth-stage companies across technology, healthcare, sustainability, frontier science, and deep tech. With over $15 billion in assets under management, Khosla Ventures partners with bold entrepreneurs tackling transformative problems in sectors ranging from AI, software, energy, and agriculture to medical innovation, fintech, and advanced materials. The firm is recognized for its contrarian, risk-tolerant approach and deep operational support—backing companies like Impossible Foods, DoorDash, OpenAI, Stripe, and Instacart—across the US and internationally.
Largest Deal (TTM)
FieldAI | $314 million | Venture | August 2025
Kima Ventures
Kima Ventures is a Paris-based venture capital firm founded in 2010 by Xavier Niel and Jeremie Berrebi, specializing in early-stage investments across technology sectors like software, fintech, marketplace platforms, and AI. The firm operates globally with a lean team, fast decision-making, and a founder-friendly approach, supporting startups with capital, international network access, and operational guidance to help them scale efficiently. Kima’s portfolio includes hundreds of companies across 24 countries and is recognized for its active, sector-agnostic investment model and commitment to backing ambitious entrepreneurs.
Largest Deal (TTM)
Solarock | $8 million | Venture | July 2025
Leonard by VINCI
Leonard by VINCI is the corporate venture capital and innovation platform of the VINCI Group, focused on accelerating the transformation of construction, mobility, energy, and real estate through investments in startups and innovative projects. As a CVC, Leonard provides funding, access to VINCI’s global resources, and support to entrepreneurs developing solutions that address emerging challenges across the built environment. Leonard combines strategic venture funding with incubation, acceleration, and partnership programs to foster disruptive innovation within VINCI and across the industry.
Largest Deal (TTM)
------
MetaProp
MetaProp is a New York-based venture capital firm that invests in early and growth-stage companies at the intersection of technology and the built world. Since 2015, MetaProp has backed over 100 startups across four fund vintages, with each fund performing in the top quartile. With deep customer connectivity, MetaProp supports innovations that finance, insure, design, manage, measure, build, and power the world’s largest asset class. The firm's brand, network, and team provide access to leading early-stage founders, offering the flexibility to invest both before others recognize their potential and later in their company-building journeys. MetaProp is actively investing from its fourth seed fund (approximately $100M) and its inaugural growth vehicle and is trusted by LPs including CDPQ, the City of New York, DBJ, and PGIM to discover and support breakout innovations, delivering market-beating returns.
Largest Deal (TTM)
Pest Share | $28 million | Series A | September 2025
Navitas Capital
Navitas Capital is a California-based venture capital firm founded in 2009, specializing in transformative technology and innovation for real estate, construction, and the broader built world sectors. The firm invests from seed through late-stage growth, backing startups at the intersection of AI, digitization, sustainability, proptech, and fintech to drive productivity, efficiency, and environmental impact across legacy industries.
Navitas is known for its hands-on support and strategic partnership approach, connecting portfolio companies with industry leaders and helping founders navigate complex markets, validate solutions, and gain access to commercial partners. Notable investments include Matterport, Procore, PlanGrid, OpenSpace, Lessen, Honest Buildings, Aquicore, and Ravti, which have become leaders in construction management, automation, smart building technologies, and sustainability. The firm leverages deep domain expertise and patient capital, actively collaborating with entrepreneurs who are catalyzing change and solving entrenched industry challenges.
Largest Deal (TTM)
EliseAI | $250 million | Series E | August 2025
NGP Capital
NGP Capital is a global venture capital firm founded in 2005, with offices in Silicon Valley, Europe, and China, and over $1.6 billion in assets under management. The firm invests primarily in growth-stage B2B technology companies across sectors like cybersecurity, edge cloud, digital transformation, and digital industries, guided by its “Great Convergence” thesis at the intersection of the physical and digital worlds. NGP Capital combines the financial focus of an independent investor with the strategic value of a corporate partner, operating its own data-driven investment platform to support portfolio scale-up and international market expansion.
Largest Deal (TTM)
ANYbotics | $60 million | Venture | December 2024
Norrsken
Norrsken is a Swedish impact-focused investment platform and non-profit ecosystem, headquartered in Stockholm, that funds and accelerates tech-driven startups addressing major global challenges such as climate change, health, education, and poverty. Launched in 2016 by Klarna co-founder Niklas Adalberth, Norrsken manages several venture funds—including Norrsken VC, Norrsken Evolve, and Norrsken22—with nearly €500 million under management and investments in over 150 portfolio companies worldwide. With hubs in Stockholm, Barcelona, Kigali, and Brussels, Norrsken combines early-stage investment, acceleration, co-working, and community building to help founders scale innovative businesses with measurable societal and environmental impact.
Largest Deal (TTM)
1KOMMA5° | $158 million | Later Stage | December 2024
Nova by Saint-Gobain
Nova by Saint-Gobain is the corporate venture capital (CVC) arm of Saint-Gobain, focusing on strategic investments, partnerships, and support for early-stage startups innovating in construction technology, building materials, energy transition, digital connectivity, and sustainability. Operating globally since 2006, NOVA combines venture funding with co-development, licensing, and strategic collaboration, helping startups scale by leveraging Saint-Gobain’s industry network and deep expertise in materials science and manufacturing. The team is organized regionally across the US, Europe, Asia, and South America, facilitating connections between startups and Saint-Gobain’s business units to drive mutual growth and transformative innovation.
Largest Deal (TTM)
Merlin Solar | $31 million | Series B | October 2024
Pi Labs
Pi Labs is a London-based venture capital firm founded in 2014, specializing in early-stage investments in property technology (proptech), construction innovation, and the broader built environment. Pi Labs backs and accelerates startups that are transforming how real estate, infrastructure, and cities are designed, operated, and experienced—with a particular focus on sustainability, efficient buildings, and smart urban solutions. The firm operates globally, supporting portfolio companies with capital, operational guidance, and an extensive industry network, and has invested in nearly 100 companies as of 2025.
Largest Deal (TTM)
Alrik | $8 million | Venture | May 2025
Plug and Play
Plug and Play is a global early-stage venture capital firm and innovation platform founded in 2006 in California, known for investing in startups across industries including fintech, health, supply chain, real estate, energy, and sustainability. The firm manages over $500 million in assets and supports early-stage technology entrepreneurs with capital, scale-up resources, and access to a vast network of corporate partners, investors, and government entities worldwide. Plug and Play runs multiple accelerator programs in over 50 international locations, enabling high deal volume and connections for startups seeking to grow quickly and achieve major commercial impact. Notable investments include PayPal, Dropbox, and LendingClub.
Largest Deal (TTM)
Queens Carbon | $10 million | Seed | April 2025
SE Ventures
SE Ventures is a global venture capital firm launched in 2017 and backed by Schneider Electric, managing over $1 billion in committed capital to invest in climate tech, energy management, industrial automation, and digital transformation. Operating from Menlo Park, France, India, and beyond, SE Ventures partners with pioneering startups and connects them with Schneider Electric’s market expertise and global customer base, offering both capital and strategic commercial support to accelerate scale and adoption. The fund combines the autonomy and pattern recognition of a traditional VC with deep industry knowledge, and is recognized for hands-on operating partnerships, a dedicated accelerator program, and strong track record investing in emerging climate and industrial leaders.
Largest Deal (TTM)
BuildOps | $127 million | Series C | March 2025
Seedcamp
Seedcamp is a leading European seed-stage venture capital fund and accelerator, founded in 2007 and headquartered in London, that invests in early-stage technology startups across sectors such as fintech, AI, SaaS, digital health, and enterprise software. The firm provides initial funding, hands-on support, and deep network access to help founders build and scale globally, with an active portfolio that includes major successes like Wise, Revolut, and UiPath. Seedcamp is recognized for its founder-first approach, offering pre-seed and seed investments, follow-on funding, mentorship, and comprehensive resources to accelerate the growth of high-potential startups throughout Europe and beyond.
Largest Deal (TTM)
Nodes & Links | $12 million | Venture | February 2025
Shadow Ventures
Shadow Ventures is a venture capital firm based in San Mateo, California and Atlanta, Georgia, specializing in seed-stage investments in technology startups that disrupt and transform the built environment, including construction, real estate, infrastructure, and sustainability. Founded in 2017 by KP Reddy, the firm supports founders addressing challenges such as climate change, automation, labor shortages, and global housing supply by investing in software, robotics, clean technologies, and data analytics. Shadow Ventures partners with strategic industry players to help portfolio companies scale and is known for its selective approach, hands-on support, and incubation programs for early-stage innovators in the sector. Notable investments include ICON (3D-printed housing), Lumina (EV and autonomous earthmoving), AUAR (Homebuilding Automation), BotBuilt (robotics for framing), and Okibo (autonomous construction robots).
Largest Deal (TTM)
Track3D | $10 million | Series A | September 2025
Soma Capital
Soma Capital is a San Francisco–based venture capital firm founded in 2015 by Aneel Ranadive, focused on early-stage investments in B2B SaaS, AI, fintech, clean tech, health tech, proptech, and frontier technology across global markets. The firm manages $2 billion in assets and has invested in over 1,000 startups—including more than 30 unicorns like Deel, Rippling, Ramp, and Cognition—helping founders scale with capital and access to an extensive network of industry leaders and customers. Soma Capital is known for its founder-first approach and a mission to back teams with transformative ideas that push humanity forward.
Largest Deal (TTM)
Aquaria | $112 million | Venture | November 2024
Speedinvest
Speedinvest is a leading European venture capital firm headquartered in Vienna, specializing in pre-seed, seed, and early-stage investments in technology startups across sectors such as deep tech, fintech, SaaS, health, industrial tech, climate tech, and consumer platforms. With more than €1 billion in assets under management and offices in Vienna, London, Berlin, Paris, and Munich, Speedinvest stands out for its hands-on approach, offering founders not only capital but also access to extensive operational support and sector-focused teams that help startups scale and succeed across Europe and emerging markets.
Largest Deal (TTM)
trawa | $27 million | Series A | May 2025
StepStone Group
StepStone Group is a global private markets investment firm founded in 2007 and headquartered in New York, providing customized investment solutions, advisory, and data services to institutional and high-net-worth clients. With over $130 billion in assets under management and advisory roles for more than $600 billion in private market allocations, StepStone covers primary and secondary fund investments, co-investments, and direct deals across private equity, venture capital, infrastructure, private debt, and real estate asset classes. The firm is known for its broad global reach, extensive research capabilities, and technology-driven approach to supporting investors with strategic portfolio construction, monitoring, and access to leading fund managers and private companies at all stages.
Largest Deal (TTM)
BuildOps | $127 million | Series C | March 2025
Suffolk Technologies
Suffolk Technologies is a Boston-based venture capital platform launched in 2019 as the investment arm of Suffolk, one of the largest US construction companies. The firm invests in ConTech, PropTech, and InfraTech startups that are redefining the $12 trillion built environment sector, with a portfolio spanning AI, robotics, automation, smart buildings, supply chain, and sustainability innovations. Suffolk Technologies works closely with founders and leverages Suffolk’s $6B construction business, its BOOST accelerator program, and the BOLT industry network to help startups validate, scale, and commercialize transformative solutions for design, construction, and operation of the built world. Notable investments include OpenSpace, Kojo, EquipmentShare, Higharc, and Canvas.
Largest Deal (TTM)
Undisclosed
Supernova Invest
Supernova Invest is a leading Paris-based venture capital firm founded in 2017, focused on deeptech startups in sectors such as industrial technologies, healthcare, digital, and cleantech. With over €800 million in assets under management, Supernova Invest backs science-driven entrepreneurs developing advanced innovations in areas like quantum computing, medtech, AI, energy storage, and sustainable manufacturing. The firm combines more than 20 years of deeptech investment expertise with hands-on support for portfolio companies, including strategic guidance on intellectual property, expansion, and industrial scaling. Supernova Invest has a strong track record in helping disruptive startups scale globally and achieve successful exits across Europe’s innovation landscape.
Largest Deal (TTM)
ANYbotics | $60 million | Venture | December 2024
Tiger Global Management
Tiger Global Management is a New York–based investment firm founded in 2001 by Chase Coleman III, known for its long-term, technology-driven approach to investing in leading global public and private companies. The firm manages about $58.5 billion in assets across two main strategies: public equity—targeting high-quality, growth-stage companies—and private equity, investing from early to late stage in sectors like software, fintech, e-commerce, healthcare technology, and consumer internet. Tiger Global has backed hundreds of companies in over 30 countries and is renowned for high conviction investment, rapid deal execution, and a diversified portfolio that has produced more than 90 IPOs and numerous industry leaders including Facebook, Spotify, Stripe, LinkedIn, JD.com, and DoorDash.
Largest Deal (TTM)
Infra.Market | $120 million | Later Stage | January 2025
Union Square Ventures
Union Square Ventures (USV) is a New York–based venture capital firm founded in 2003, known for investing in early-stage, growth, and opportunity rounds of companies reshaping large markets through technology and new business models. USV is a generalist partnership, backing startups in diverse sectors including fintech, consumer internet, marketplaces, software, web3/decentralized networks, climate, health, and developer tools, with a consistent thesis of supporting innovation at the edge of fast-changing industries. The firm manages relatively small funds, works collaboratively with founders, and invests globally, with notable portfolio companies including Twitter, Etsy, Coinbase, Stripe, Kickstarter, and MongoDB. USV typically leads or co-leads investments, providing long-term support and expertise to help founders build transformative, scalable businesses.
Largest Deal (TTM)
Radiant | $100 million | Series C | November 2024
Valor Equity Partners
Valor Equity Partners is an operational growth investment firm headquartered in Chicago, focusing on both non-control and control investments in high-growth companies transforming their industries through technology and operational improvement. Founded in 2001, Valor manages over $26 billion in capital across strategies spanning growth equity, late-stage growth, and venture capital—including funds such as the Valor Operational Growth Funds and Valor Siren Ventures, the latter dedicated to food, retail, and sustainability sectors in partnership with major corporate LPs like Starbucks and Nestlé. Valor is distinguished by its hands-on Scale Group of operational experts, which collaborates closely with portfolio companies to accelerate growth, enhance management capabilities, and drive operational excellence. Notable past and present investments include Tesla, SpaceX, Gopuff, Addepar, and Fooda, with the firm recognized for a long-term partnership approach, deep operational support, and a record of backing sector-defining entrepreneurs.
Largest Deal (TTM)
Base Power Company | $200 million | Series B | April 2025
Vireo Ventures
Vireo Ventures is a Berlin-based venture capital firm founded in 2020, specializing in early-stage investments in European startups driving electrification and the energy transition. The firm backs highly scalable, software- and hardware-enabled companies innovating across energy tech, mobility, smart grid, and industrial sectors, with the aim of building a seamlessly connected, decarbonized, and all-electric world. Vireo Ventures offers active, hands-on support and leverages deep energy and mobility sector expertise, focusing on companies that bridge gaps in the renewable energy ecosystem, enable sector coupling, and deliver climate impact alongside strong financial returns. The firm’s Vireo Electrification Fund recently attracted significant investment from the European Investment Fund, with a target to invest in around 30 early-stage companies across the electrification value chain.
Largest Deal (TTM)
Reshape Energy | $5 million | Venture | March 2025
WND Ventures
WND Ventures is the corporate venture capital arm of DPR Construction, dedicated to transforming the architecture, engineering, and construction (AEC) industry through strategic investments in emerging technologies and startups. Founded in 2016 and based in Redwood City, California, WND Ventures partners with entrepreneurs solving complex industry challenges in areas like AI, robotics, automation, supply chain, productivity, quality, safety, and sustainability.
The firm stands out for its hands-on, practitioner-led approach—collaborating directly with DPR field teams, providing real project data, and guiding startups from incubation to commercialization. WND Ventures has invested in or incubated more than 14 startups (including Dusty Robotics, Rhumbix, and ConstructivIQ), and recently evolved its model for faster spinouts, deeper industry partnerships, and a long-term commitment to building and scaling technologies that deliver results for owners, developers, and project teams.
Largest Deal (TTM)
Undisclosed | $1.5 million | Seed | Undisclosed
Y Combinator
Y Combinator (YC) is one of the world's most influential startup accelerators, founded in 2005 and headquartered in the San Francisco Bay Area. The firm runs an intensive three-month program four times per year, providing startups with seed funding (currently $500,000 in total, typically for around 7% equity), mentorship, hands-on guidance, and access to a vast network of founders, investors, and industry experts. YC supports early-stage technology companies across sectors and has launched more than 5,000 startups—including Airbnb, Stripe, Coinbase, DoorDash, Dropbox, Instacart, and Reddit—which collectively have transformed entire industries and created billions in value.
Startups in the YC program receive structured support in refining their products, growing their user bases, and preparing for Demo Day, where they pitch to a curated audience of investors. After graduation, companies join the YC alumni network for continued support, follow-on investment, and knowledge sharing, making YC a key hub for innovation and entrepreneurship globally.
Largest Deal (TTM)
Zeitview | $60 million | Later Stage | March 2025
Zacua Ventures
Zacua Ventures is a global early-stage venture fund established in 2022 dedicated to addressing major challenges in the built environment, especially within the themes of sustainability, productivity, and urbanization. The fund is focused on supporting visionary entrepreneurs and startups that aim to redefine construction and the future of cities by developing and deploying innovative technologies throughout the construction value chain. Zacua Ventures brings its network, resources, and expertise to help these companies scale globally and make a broad impact in enhancing efficiency, reducing carbon emissions, and promoting smart, resilient urban growth. The group is currently deploying out of the second fund and manage over $100m in AUM, which allows Zacua Ventures to back companies with bold solutions and support the journey from inception through expansion, reflecting the fund's mission to adapt the built world for future generations.
Largest Deal (TTM)
Undisclosed
Discussion
Be the first to leave a comment.
You must be a member of the BuiltWorlds community to join the discussion.