2018 is shaping up to become the year of the built industry tech venture boom.
Just ten years ago, there were two measly construction technology investments totaling $4.5 million. Closing out 2017, these numbers soared to 40 deals with a price tag of $538 million, according to Pitchbook. We have already breached the one billion invested dollars milestone so far in 2018.
It’s happening in big ways: construction saw its first $800 million series D with modular construction startup Katerra, Autodesk made the strategic acquisition of Assemble Systems, and real estate co-working giant WeWork secured $760 million.
So, why the influx of…