Built Industry Venture Investment Builds On Strong 2021 In Q2

We saw a major increase in activity during Q1 2021 when compared with the investment pace seen during 2020, and the activity seen during Q2 has shown no signs of investment appetite this year letting up. Activity increased substantially during April, May, & June.  January through March saw a total of $775M invested across 31 different deals.  Q2 saw a 71% increase in the amount of funding given to Built Industry startups compared to Q1, climbing to $1.3B in deals catalogued by the BuiltWorlds Team in April through June. Also worth noting is Procore’s May IPO where they raised $634.5M in their offering priced above their marketed range.  Although we do not include IPO activity in our Venture Dashboard, or the information in this report, when taking Procore’s public entrance into account Q2 total Built Industry funding saw a total of $1.96B.

Taken in total & not inclusive of IPO activity, 2021’s pace of deals represents a sharp increase from what we saw during 2020. As seen in our 2020 Venture Deals List $1.5B was raised across the full year, and so far in the 1st half of 2021 we’ve seen a total of $2.1B raised, representing already a 1.4x increase in amount raised from the full prior year.

Workrise, Prescient, & Flyhomes saw the largest investments during the second quarter, receiving $300M, $190M, & $150M respectively. Workrise is a workforce management solution for the skilled trades. Prescient offers a digital design/build system for multi-unit housing and hotel structures. Flyhomes is a real estate technology company making it easier to search and buy a home.

Others receiving investment in Q2 2021 include Canvas, SafeAI, Aclaimant, Modulous, Gearflow (BuiltWorlds Startup Challenge Winner), Avatour, & Propergate. Below, is a breakdown of the deals by size, topic area, amount invested per month, amount invested by round, notable investors, as well as a full listing of each deal announced during Q2 2021.

For A Full List Of Active Investors & All Recent Investments Made In The Space Check Out The Venture Dashboard

BuiltWorlds Offers 2 Venture Focused Memberships (Venture+ & Venture Forum).

BuiltWorlds Venture brings together action-oriented GCs, engineering firms, and other strategic players in the construction sector that share in the belief that change and innovation needed in the construction industry should be led by the industry itself. BVF members look to accelerate innovation by investing in and piloting the most promising construction technology products and services. To learn more about these memberships visit our Venture Offerings page.

Q2 2021 Deals - Notable Investors

Q2 2021 Deal Activity