The BuiltWorlds 2022 Top Deals 50 is a list of the largest venture deals, VC funds raised, and acquisitions in the built world over the course of 2022. Since 2017, BuiltWorlds has tracked venture deals, VC funding, and M&A activity in the construction and broader real estate ecosystem with a global purview.
This year’s list is broken down into 5 disparate sections. BuiltWorlds Venture program is broken out into 3 categories ConTech, Building Tech, & Infrastructure Tech, with the top 10 deals from each of these classifications representing 30 of the 50 deals recognized on this list.
For a better understanding of how these 3 categories are differentiated → Click Here
The 10 largest/most consequential M&A deals of 2022 are depicted on this list. Lastly, the 10 largest built worlds-focused VC/CVC fund launches in 2022 are represented, something that BuiltWorlds' Venture team has just recently begun tracking in recent months.
The intent of this top deals list is to illustrate the breadth of activity in this slow-to-adopt industry and the continued acceleration of innovative financing to develop real-estate tech ventures for years to come.
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, checkout BuiltWorlds 2023 Annual Venture Report.
The 2023 Venture West Conference is Quickly Approaching
Venture West 2023 is taking place in San Francisco March 20-22. At this conference leading built-world venture capitalists, strategic investors, and startups will meet to take the pulse of the industry’s startup ecosystem at the BuiltWorlds Venture Conference.
Check out our conference landing page where you can see a preliminary agenda and who's speaking. Members can also see who else will be attending the event. For more information use the link below:
ConTech
1. Veev
$400M | Series D | March 1st, 2022 | United States
Veev is a building technology company that develops/manufactures homes.
Veev’s advanced technologies optimize every stage and square inch, powering our ability to create cutting-edge home experiences with unparalleled efficiency.
Lead Investor(s): Bond
Other Investor(s): LenX, Zeev Ventures, Fifth Wall, JLL Spark
2. ICON
$185M | Series B | February 18th, 2022 | United States
ICON develops advanced construction technologies that advance humanity. Using proprietary 3D printing robotics, software, and advanced materials, ICON is shifting the paradigm of homebuilding on Earth and beyond.
Lead Investor(s): Tiger Global
3. Tul
$181M | Series B | January 12th, 2022 | Columbia
Tul is one of the largest solutions in Latin America to find construction materials and hardware for the hardware, industrial, and construction sectors. Through their app, Tul offers products and services from multiple leading brands -- with a range of over 4000 products from 8000+ stores offering delivery within 24 hours.
Lead Investor(s): 8VC
Other Investors(s): Avenir Growth Capital, Coatue, Tiger Global, and SoftBank Latin America Fund
4. RenoRun
$142M | Series B | February 1st, 2022 | Canada
RenoRun is a leading e-commerce platform for construction and building materials that are disrupting the construction industry. We enable construction, contracting, and renovation professionals to build the world around us using technology.
RenoRun was born in 2017 with the insight that contractors and their employees spend too much time away from their job sites procuring materials. This startup has set out on a crusade to better serve contractors and to revolutionize the construction industry.
Lead Investor(s): Tiger Global
Other Investor(s): Sozo Ventures, SE Ventures, BDC Capital's Women in Technology and Growth Venture Co-Investment Funds, Fifth Wall, Desjardins Capital, Nicola Wealth, Export Development Canada, and TriplePoint Capital
5. OpenSpace
$102M | Series D | March 2nd, 2022 | United States
OpenSpace is on a mission to bring new levels of transparency to construction. The company combines simple off-the-shelf 360° cameras, computer vision, and AI to make it incredibly easy to capture a complete visual record of a jobsite, share it via the cloud, and track progress remotely. Customers have used the platform to capture over four billion square feet of active construction projects around the world. OpenSpace is based in San Francisco, California.
Lead Investor(s): PSP Growth
Other Investor(s): BlackRock, Alkeon Capital Management, Menlo Ventures, and JLL
6. Highwire (formerly ConnectSecure)
$96M | Venture | January 24th, 2022 | United States
Highwire is leading the Partner Elevation movement for builders and owners of capital projects. The world's most admired organizations — including Skanska, Merck, and Bond Brothers — use Highwire to ensure their contracting partners deliver great work, on budget and on schedule, by collaborating with them to dynamically mitigate safety, financial, quality and sustainability risks throughout every project lifecycle. Originally started as an internal risk assessment system at Harvard University, Highwire is now an independent company championing the Partner Elevation movement. Highwire is backed by global growth equity investor Summit Partners. The company is headquartered in Burlington, Massachusetts, with employees across the United States.
Lead Investor(s): Summit Partners
7. PlanRadar
$69M | Series B | January 20th, 2022 | Austria
PlanRadar is an award-winning digital SaaS platform for documentation, task management, and communication in construction and real estate projects. The business operates across the globe, currently in over 60 markets.
PlanRadar services all markets across real estate and construction, adding value to every person involved in the building lifecycle, from contractors and engineers to property managers and owners. Our platform digitizes all daily processes and communication, enabling time savings, cost savings and allowing projects to be completed to a higher quality.
Lead Investor(s): Insight Partners and Quadrille Capital
8. SiteTracker
$66M | Later Stage | September 28th, 2022 | United States
The only full lifecycle platform designed by project managers; delivering real-time collaboration, powerful automated reports, and accurate forecasting.
SiteTracker's mission is to power the successful deployment of critical infrastructure. Sitetracker, Inc. powers the successful deployment of critical infrastructure. As the global standard for managing high-volume projects, the Sitetracker Platform enables growth-focused innovators to optimize the entire asset lifecycle. From the field to the C-suite, Sitetracker enables stakeholders to optimize how they plan, deploy, maintain, and grow their capital asset portfolios.
Market leaders in the telecommunications, utility, smart cities and energy industries rely on Sitetracker to manage millions of sites and projects representing over $23 billion of portfolio holdings globally.
Lead Investor(s): Energize Ventures
Other Investor(s): H.I.G. Growth Partners, National Grid Partners, Clearvision, NTT Docomo Ventures, Kingfisher Investment Advisor, and The Raine Group
9. Built Robotics
$64M | Series C | April 7th, 2022 | United States
Built Robotics’ mission is to build the robots that build the world. As the inventor of the world’s first autonomy solution for excavators, the Exosystem™, Built transforms excavators into fully autonomous trenching robots. Exosystems are deployed today across the $1 trillion earthmoving industry, building critical infrastructure in energy, telecom, and more.
Lead Investor(s): Tiger Global
Other Investor(s): NEA, Founders Fund, Fifth Wall, Building Ventures
10. Buildots
$60M | Series C | May 23rd, 2022 | Israel
Buildots turns construction sites into digitally managed manufacturing environments. Buildots' proprietary AI technology analyses video captured by 360-degree hard hat-mounted cameras, together with BIM and schedule data, to detect the exact status of every activity on the construction sites.
Using Buildots' control center app, data is easily accessible for supporting the project’s everyday workflows. A pace anomaly by one of the trades, missing tap, task missing deadline, and many other critical insights are automatically detected and brought to the attention of the management team.
Lead Investor(s): Lightspeed Venture Partners
Other Investor(s): Future Energy Ventures, and Maor Investments
Building Tech
1. H2 Green Steel
$260M | Series C | October 19th, 2022 | Sweden
H2 Green Steel (H2GS AB) was founded in 2020, with the ambition to accelerate the decarbonization of industry using Green Hydrogen. Steel is the company’s first industry vertical due to its technological and commercial maturity when it comes to CO2 reduction possibilities.
H2 Green Steel accelerates the decarbonization of the European steel industry, one of the largest carbon dioxide emitters. H2 Green Steel is headquartered in Stockholm, Sweden, with its first plant under development in Boden, northern Sweden.
Lead Investor(s): AMF, GIC, Schaeffler, Altor
Other Investor(s): Hitachi Energy, Kobe Steel, Kinnevik
2. Sun King
$260M | Series D | April 27th, 2022 | Kenya
Sun King designs, distributes and finances solar home energy for the 1.8 billion people without reliable electricity. This growth-stage startup is the largest solar provider for off-grid homes in Africa and Asia with over 82 million customers in more than 40 countries.
Lead Investor(s): BeyondNetZero
Other Investor(s): M&G Investments, Arch Emerging Market Partners
3. Verkada
$205M | Series D | September 16th, 2022 | United States
Verkada is the leader in cloud-managed enterprise building security, enabling over 12,000 organizations worldwide to protect their people, assets, and privacy. Designed with simplicity in mind, Verkada’s five product lines – video security cameras, door-based access control, environmental sensors, alarms, and visitor management – provide unparalleled visibility through a single secure cloud-based software platform.
Lead Investor(s): Linse Capital
Other Investor(s): MSD Partners, L.P., Felicis Ventures, NExt47, Sequoia Capital, Meritech Capital, and First Round Capital
4. Redaptive
$200M | Venture | December 19th, 2022 | United States
Redaptive makes buildings more efficient one saved kilowatt hour at a time. We are breaking down the barriers to portfolio-wide energy efficiency deployments through our Efficiency-as-a-Service (EaaS) platform – empowering companies to optimize their real estate portfolios and save millions on their energy bills. Our EaaS platform builds the foundation for future investments in both resource efficiency and smart building innovation.
Founded in 2014 and headquartered in San Francisco, Redaptive manages a national portfolio of energy efficiency projects across 30+ states for leading F500 companies like McKesson and Aramark, among others. Redaptive has received funding from CBRE, the world’s largest commercial real estate services, and investment firm, ENGIE, a global energy player, GXP Investments, the venture capital arm of Great Plains Energy Incorporated, and Linse Capital, a Silicon Valley-based growth capital firm.
Lead Investor(s): Canada Pension Plan Investment Board
Other Investor(s): Linse Capital, and CBRE
5. Material Bank
$175M | Series D | May 5th, 2022 | United States
Material Bank® is a marketplace for design professionals and brands in the architecture and design industry, providing the fastest and most powerful way to discover and sample materials. The revolutionary platform powers complex searches across hundreds of brands in seconds. Samples ordered by midnight (ET) are delivered in a single box by 10:30 AM the next day—always free for design professionals. With a rapidly growing community of members, Material Bank is the easiest way for brands to connect with thousands of vetted design professionals in the specification process.
Lead Investor(s): Brookfield Growth
Other Investor(s): Fifth Wall, SoftBank Vision Fund 2, and RXR
6. Carbon Clean
$150M | Series C | May 16th, 2022 | United Kingdom
Carbon Clean is an established global leader in industrial carbon capture solutions helping essential, but hard-to-abate, industries decarbonize. Our innovative solutions significantly reduce the costs and environmental impacts of carbon capture compared to conventional technologies. Technology to achieve 'net zero'.
Lead Investor(s): Chevron
Other Investor(s): AXA Investment Managers, Samsung Ventures, Saudi Aramco Energy Ventures, TC Energy and Insiders, CEMEX Ventures, Marubeni Corp
7. Sense
$127.6M | Series C | September 14th, 2022 | United States
Sense's mission is to make all homes intelligent by keeping people informed about what's happening in their homes and helping to make them safer, more efficient, and more reliable.
Sense was born from the simple idea that people should know what’s happening in their homes. The platform tracks calories, footsteps, and mpg — yet we know so little about the place where we spend so much time. Energy efficiency and home automation begin with information. Sense produces home energy monitors to provide people with information about their homes in the simplest, most useful way possible.
Lead Investor(s): Blue Earth Capital
Other Investor(s): Volery Capital Partners, TELUS Ventures, MCJ Collective, SE Ventures, Energy Impact Partners, Prelude Ventures, and iRobot
8. VTS
$125M | Series E | September 6th, 2022 | United States
VTS is the commercial real estate industry’s leading technology platform that transforms how strategic decisions are made and executed across the asset lifecycle. In 2013, VTS revolutionized the commercial real estate industry’s leasing operations with what is now VTS Lease. Today, the VTS Platform is the largest first-party data source in the industry and delivers data insights and solutions for everyone in commercial real estate to fuel their investment and asset strategy, leasing and marketing automation, property operations, and tenant experience.
With the VTS Platform, consisting of VTS Data, VTS Market, VTS Rise, and VTS Lease, every business stakeholder in commercial real estate is given real-time market information and execution capabilities to do their job with unparalleled speed and intelligence.
VTS is the global leader with more than 60% of Class A office space in the U.S., and 12 billion square feet of office, retail, and industrial space is managed through our platform globally. VTS’ user base includes over 45,000 CRE professionals and industry-leading customers such as Blackstone, Brookfield Properties, LaSalle Investment Management, Hines, Boston Properties, Oxford Properties, JLL, and CBRE.
Lead Investor(s): CBRE
Other Investor(s): Brookfield Ventures, Insight Venture Partners, Bessemer, BentallGreenOak, AmTrust Financial
9. Swell Energy
$120M | Series B | November 22nd, 2022 | United States
Swell Energy is creating a greater grid for the greater good. The energy management and smart grid solutions provider is accelerating the mass adoption of distributed clean energy technologies by enabling consumers to take control of their energy use and cost, achieve energy security, and participate in the transactive grid.
Swell Energy provides homeowners and businesses with financing and virtual power plant programs while partnering with trusted local solar and solar storage companies for seamless, high-quality installations.
By creating a critical mass of dynamic and responsive clean energy resources within utility service areas across the United States, Swell Energy also delivers resilient virtual power plant networks and grid-balancing services to utilities, which are fundamental to our future, carbon-free, distributed renewable energy system.
Lead Investor(s): SoftBank
Other Investor(s): Greenbacker Development Opportunities Fund I, LP, Areas Infrastructure Opportunities Fund, and Ontario Power Generation Pension Fund
10. Snappt
$100M | Series A | April 15th, 2022 | United States
Snappt provides a quick and inexpensive service that can accurately spot fraudulent documentation.
Half of evictions are due to fraud. At $7,000 or more per eviction, this has become a significant problem for landlords. The best way to avoid evictions is to adequately screen applicants, yet the growing availability of online tools makes it easy for applicants to forge their financial documentation.
These forged documents are often impossible to spot and none of the current tools landlords use to check applicants have the ability to spot fraudulent financial documentation.
Lead Investor(s): Insight Partners
Infrastructure Tech
1. Svante
$318M | Series E | December 19th, 2022 | Canada
Svante offers companies in emissions-intensive industries a commercially viable way to capture large-scale carbon dioxide emissions from existing infrastructure, preventing it from entering the atmosphere.
The technology developed by Svante captures CO₂ from flue gas, concentrates it, then releases it for safe storage or industrial use, all in 60 seconds. The technology is tailored specifically to the challenges of capturing CO₂ contained in diluted flue gas generated by heavy industries, such as cement, limestone, and large-scale hydrogen production.
Svante Inc. has partnered with Lafarge Canada and Total on a CCUS demonstration project, CO₂MENT, consisting of a pilot plant capturing 1 ton/day of CO₂ from Lafarge’s cement plant in Richmond, B.C. The next phase of the project is to demonstrate CO₂ utilization solutions such as reinjecting it into low-carbon fuels, CO₂ concrete and fly ash.
Lead Investor(s): Chevron New Energies
Other Investor(s): Temasek, OGCI Climate Investments, Delek US, Hesta AG, 3M Ventures, Cull Circle Capital, GE Vernova, Japan Energy Fund, Liberty Media, M&G Catalyst, Samsung Engineering, TechEnergy Ventures, and United Airlines Ventures
2. First Mode
$200M | Venture | December 7th, 2022 | United States
First Mode is a global carbon reduction company developing creative, clean energy solutions for heavy industry’s toughest problems.
The company started by removing the diesel engine from a colossal mining truck and replacing it with a hydrogen fuel cell powerplant. A world-first, and the world’s largest.
First Mode is also working on providing critical mine site infrastructure for hydrogen production, battery recharging, and hydrogen refueling.
Today, First Mode is starting at the source, the mining industry, and tomorrow the larger supply chain, to completely eliminate the use of diesel and speed up the clean energy transition.
Lead Investor(s): Anglo American
3. Electric Hydrogen
$198M | Series B | June 22nd, 2022 | United States
Electric Hydrogen (EH2) is a deep decarbonization company pioneering low-cost, high-efficiency, fossil-free hydrogen systems. Focusing on industrial applications of hydrogen in steel, ammonia and freight transport, our goal is to help eliminate more than 30% of global GHG emissions from hard-to-electrify industries.
EH2's leadership team’s experience at revolutionary clean energy companies like Tesla and First Solar makes this company the best-qualified hydrogen company to break through today’s barriers of efficiency and cost to make measurable progress toward a zero-emission industrial sector in this decade.
Lead Investor(s): Fifth Wall
Other Investor(s): S2G Ventures, Silicon Valley Bank, Trinity Capital, Amazon's Climate Pledge Fund, Cosan, Equinor Ventures, Honeywell, Mitsubishi Heavy Industries, Rio Tinto, Breakthrough Energy Ventures, Capricorn Partners, Energy Impact Partners, Prelude Ventures
4. ICEYE
$136M | Series D | February 3rd, 2022 | Finland
ICEYE delivers unmatched persistent monitoring capabilities for any location on earth. Owning the world’s largest synthetic-aperture radar (SAR) satellite constellation, we enable objective, data-driven decisions for customers in sectors such as insurance, natural catastrophe response, and recovery, security, maritime monitoring, and finance. Our data can be collected day or night, and even through cloud cover.
Lead Investor(s): Seraphim Space
Other Investor(s): BAE Systems, Kajima Ventures, Molten Ventures, OTB Ventures, True Ventures, C16 Ventures, Chione Ltd, Services Group of America, UK National Security Strategic Investment Fund (NSSIF), Space Capital, and Promus Ventures
5. Arcadia
$125M | Venture | December 19th, 2022 | United States
Arcadia is a climate technology company enabling a zero-carbon economy.
By unlocking high-fidelity, global energy data for the first time, the Arc platform combines easy-to-use data and APIs under one roof to allow any company to act on its environmental impact and build the next generation of energy products and climate tech solutions. Arcadia democratizes access to data from more than 9,500 utility providers in 52 countries, covering more than 95% of US residential and commercial utility accounts.
Founded in 2014 on the belief that everyone deserves access to clean energy, Arcadia also manages the nation’s leading community solar program, helping to tackle energy injustice while spurring economic growth with more than 750MW of solar under management.
Mission: stop climate change by breaking the fossil fuel monopoly and creating unprecedented access to energy data and renewable energy sources through our technology.
Lead Investor(s): Magnetar Capital
Other Investor(s): Keyframe Capital, Macquarie Asset Management's Green Investment Group
6. FreeWire
$125M | Series D | April 28th, 2022 | United States
FreeWire Technologies merges beautiful design with convenient services to electrify industries formerly dependent on fossil fuels. FreeWire’s turnkey power solutions deliver energy whenever and wherever it’s needed for reliable electrification beyond the grid.
With scalable clean power that moves to meet demand, FreeWire customers can tackle new applications and deploy new business models without the complexity of upgrading traditional energy infrastructure.
Lead Investor(s): BlackRock
Other Investor(s): bp Ventures, Riverstone Holdings, Octave Ventures, Gly Capital Management, Blue Bear Capital, Daishin Private Equity
7. Atom Power
$111M | Series C | August 18th, 2022 | United States
Atom Power is building the power delivery technology to enable the more intelligent electrification of everything.
Headquartered in North Carolina, Atom Power invented the first and only UL-listed commercial solid-state digital circuit breaker, the world’s safest and fastest circuit breaker for smart power distribution and more sustainable energy distribution. Through its EV charging solution, Atom Power is accelerating the broad adoption of EVs.
Lead Investor(s): SK Energy
Other Investor(s): ABB
8. project44
$80M | Later Stage | November 5th, 2022 | United States
project44 is on a mission - to make supply chains work. We optimize the movement of products globally, delivering better resiliency, sustainability, and value for our customers.
As the supply chain connective tissue, this Chicago-based innovator operates the most trusted end-to-end visibility platform that tracks more than 1 billion shipments annually for the world’s leading brands.
Lead Investor(s): Generation Investment Management and A.P. Miller Holding
Other Investor(s): CMA CGM, Goldman Sachs Asset Management, TPG, Emergence Capital, Chicago Ventures, Sapphire, 8VC, Sozo Ventures, Omidyar Technology Ventures
9. Sweep
$73M | Series B | April 5th, 2022 | France
Sweep helps businesses track and act on their carbon, so they can become forever companies.
Sweep's data-driven platform, with powerful collaboration features and user-focused design, makes it easy to measure emissions, take action to reduce your carbon footprint, and stay compliant with the latest reporting standards.
The company empowers your staff and your entire value chain to build a cleaner business together. It’s the only way we can reduce carbon effectively.
Lead Investor(s): Coatue
Other Investor(s): Future Shape Fund, Balderton Capital, New Wave, La Famiglia, 2050
10. Ofload
$60M | Series B | November 15th, 2022 | Australia
Ofload is an end-to-end technology supply chain partner for domestic freight movements, providing tailored and innovative solutions for hundreds of customers Australia-wide.
Lead Investor(s): Jungle Ventures
Other Investor(s): King River Capital, Bay Grove, Maersk Growth, Foundamental
M&A Activity
1. Emerson Climate Technologies acquired by Blackstone
$14B Valuation | Acquisition | October 31st, 2022 | United States
Emerson has entered into an agreement to sell a majority stake in Climate Technologies to private equity funds that are managed by Blackstone. Climate Technologies provides innovative HVACR solutions for residential and commercial properties. Blackstone is a global investment firm that manages the private equity firms that are acquiring Climate Technologies from Emerson.
2. Ambuja Cements & ACC (Holcim India) acquired by Adani Group
$10.5B Valuation | Acquisition | September 16th, 2022 | India
Adani Group, an Indian multinational conglomerate, has pledged a 63.15% stake in Ambuja Cements and a 56.69% stake in ACC -- acquiring both companies from Holcim India. Ambuja Cements and ACC are two of the leading cement and concrete producers in India.
3. Equans acquired by Bouygues Construction
$6.2B Valuation | Acquisition | October 4th, 2022 | France
Bouygues Construction, one of the leading construction companies in France, has bought out 100% of the shares from Engie in Equans -- another construction company based in France. Bouygues hopes that this acquisition will allow the employees at both companies to better achieve their goals of meeting the challenges associated with the digital, environmental, and industrial transitions in the AEC industry.
4. Ahern Rentals acquired by United Rentals
$2B Valuation | Acquisition | November 14th, 2022 | United States
United Rentals, one of the largest AEC rental companies in the world, has acquired Ahern Rentals, the largest independently operated rental company in the United States. Together, they plan to expand their rental capabilities to all sizes and types of contractors and clients.
5. Transporeon acquired by Trimble
$1.98B Valuation | Acquisition | December 12th, 2022 | Germany - United States
Trimble, aiming to better connect the physical and digital world, has acquired Transporeon, a cloud-based transportation management software platform. This acquisition will enhance the productivity and sustainability solutions for customers of both companies, while also allowing Transporeon's solutions to be scaled further.
6. ETQ acquired by Hexagon
$1.2B Valuation | Acquisition | February 25th, 2022 | United States - Sweden
Hexagon, a global information technology company, has acquired ETQ, a compliance and risk management software that has use cases in the AEC industry. This acquisition expands Hexagon's grasp over software services.
7. Ondura acquired by Kingspan
$595M Valuation | Acquisition | February 18th, 2022 | France - Ireland
Kingspan, an industry leader in advanced insulation and building solutions, has purchased Ondura, a major supplier of roofing membranes and solutions, from Naxicap Capital Partners. This was through a share purchase agreement.
8. Habiteo acquired by Bien'ici
Undisclosed Valuation | Acquisition | June 7th, 2022 | France
Bien'ici, one of the leading real estate research companies in France, has acquired Habiteo -- a company that is digitizing solutions for the real estate industry. This acquisition will allow Bien'ici to expand its reach within real estate.
9. Streetlytics acquired by Teralytics
Undisclosed Valuation | Acquisition | July 26th, 2022 | United States - Switzerland
Swiss company Teralytics has acquired Streetlytics from Bentley Systems. Streetlytics data analytics solutions will allow Teralytics to provide better digital twin solutions of cities and countries for its clients.
10. Newmetrix acquired by Oracle
Undisclosed Valuation | Acquisition | December 16th, 2022 | United States
Oracle has acquired Newmetrix -- expanding the company's ability to provide analytics solution in construction. With this acquisition, customers of Oracle/Newmetrix will see more risk reduction in the plan, build, and operating lifecycle of their built world projects.
VC/CVC Fund Raising
1. Fifth Wall
Fund III | $866M | December 13th, 2022
Founded in 2016, Fifth Wall, a Certified B Corporation, is the largest venture capital firm focused on technology-driven innovation for the global real estate industry. With approximately $3.0 billion in commitments and capital under management, Fifth Wall connects many of the world’s largest owners and operators of real estate with the entrepreneurs who are redefining the future of the Built World. This fund is Fifth Wall's first hybrid fund, comprised of both early-stage and late stage-vehicles.
2. SE Ventures
Fund II | $500M | November 17th, 2022
SE Ventures is a 1 billion EUR venture capital fund based in Menlo Park, CA created in close partnership with Schneider Electric -- recognized as the world’s most sustainable company in 2021 by Corporate Knights Global 100 Index. SEV provides risk capital to big ideas and bold entrepreneurs who can benefit from Schneider’s energy and industrial expertise, global reach and ready customer access. Fund II will begin deployment in January 2023, doubling down on SE Ventures’ track record of success as an accelerant for category-defining companies in climate-tech, industrial AI, mobility, prop-tech, and cybersecurity.
3. Camber Creek
Fund IV | $325M | February 23rd, 2022
Camber Creek is a venture capital firm providing strategic value and capital to operating technology companies focused on the real estate market. According to a managing partner at Camber Creek, "real estate has always been one of the most networked industries, and as we have continued to scale our platform, we have found that these network effects can be harnessed to create value for industry stakeholders willing to embrace innovation while driving outsized investor returns."
4. Construct Capital
Fund II | $300M | April 21st, 2022
Construct Capital is an early stage venture capital firm founded in 2020. We invest in extraordinary founders building technology to transform the most foundational industries of our economy — from manufacturing and supply chain to food and transportation — that drive half our economy’s GDP yet are failing to meet customer expectations. Fund II includes $225M for early-stage companies and $74M for later-stage opportunities.
5. CRH Ventures
Fund I | $250M | December 15th, 2022
CRH Ventures is the venture capital unit of CRH, the global leader in building materials solutions. They partner with and invest ambitiously and strategically in ConTech and ClimateTech start-ups across the entire construction value chain. CRH Ventures will also focus on early-stage minority investments in digitization, industrialization, marketplace-enablement, decarbonization, and next-gen products.
6. Builders VC
Fund II | $250M | January 25th, 2022
Builders believes it takes more than great technology to fix an antiquated industry. To truly make impactful change, Builders backs entrepreneurs who combine courage, technical acumen, and operational expertise. Fund II will focus on antiquated industries such as agriculture, food, supply chain, industrial, and logistics.
7. Home Depot Ventures
Fund I | $150M | May 3rd, 2022
Home Depot Ventures in the venture arm of Home Depot -- the world's largest home improvement specialty retailer. This fund will consider investment opportunities in businesses at various stages of development, with an emphasis on early and growth stage companies that solve challenges for the The Home Depot's customers and show potential to scale.
8. Tishman Speyer
Fund I | $150M | March 25th, 2022
Tishman Speyer has collaborated with hundreds of companies to acquire, develop and operate nearly $89 billion of property value, including over 170 million square feet of office, retail and residential space in key cities around the world.
9. Suffolk Technologies
Fund I | $100M | August 15th, 2022
Suffolk Technologies is a leading built environment venture capital firm investing in startups transforming the construction and real estate sectors. Suffolk Technologies leverages Suffolk’s tech-forward construction business ($5B annual), innovation testbed/job sites, domain expertise and trade networks to accelerate development of new technology products and to scale their adoption across the ecosystem.
10. Building Ventures
Fund II | $95M | September 6th, 2022
Discussion
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