Analyst Brief: GS Futures Launched A New $70M Construction Fund: Aaron Toppston Hired as Managing Partner


GS Futures, an active member of BuiltWorlds Venture Forum (now over 20 active strategic players with a growing amount of deployable capital), just launched its second US-based VC fund earlier this month. GS Futures' new $70M built-world-focused fund will be in addition to GS's $155M collective US investment vehicle. This fresh capital adds to the dry powder accumulated by global investors in the BuiltWorlds Venture Forum. GS's Fund II mandate will focus on the best-positioned Seed through Series A innovations of the future AEC ecosystem.

Strategic funding may be discovered by those startups lucky enough to be chosen to participate in our industry renown monthly Demo Day events (which you can learn more about & apply for below).

As we close in on Venture West we also wanted to highlight GS Future's newly appointed managing partner of this built-world fund, Aaron Toppston, who will be speaking on "The Modular Modification" panel at this marquee Industry 4.0-focused venture conference in March.

Want Your Startup To Be Considered?

Fill out an application for our consideration.

GS Welcomes New Managing Partner

GS Futures is proud to welcome Aaron Toppston as a Managing Partner. Aaron will lead GS Futures’ $70m fund focused on early-stage real estate and construction technology. Under this mandate, Aaron will position GS Futures as the partner of choice for entrepreneurs developing technology for the built environment. Aaron is an established leader with over 15 years of experience in the construction and financial services industries, including recent work with Navitas, an industry-leading venture fund.

Previously, Aaron was a managing director at the Walsh Group, an ENR Top 15 contractor, where he led both P3 infrastructure development and analytics. Aaron started his career at Aon, serving a variety of strategy and operating roles.

“I am humbled to join GS Futures at such a unique time for our industry. The built environment continues to evolve, including deeper adoption of technology and expanded use of data to improve operations and create more sustainable projects. GS Futures is committed to the future of the construction & real estate industries, and I am proud to join the team on this journey” said Aaron Toppston.

“We are excited to welcome Aaron to GS Futures. We appreciate his background in the venture, construction, project finance, and insurance. This operational experience will enable our partnership with founders and continue our momentum as a thoughtful investor in the industry” said Tae Huh, founder, and managing partner of GS Futures.

About GS Futures
GS Futures is an early-stage, independent venture fund supported by GS Group. GS Futures is organized into two US-based funds: the $155M collective fund and the $70M construction fund. The collective fund has investment reach across Climate Tech, Energy Transition & Consumer Tech. The construction fund concentrates on construction and real estate technology.

About GS
GS is a Korean conglomerate with three major lines of business: energy, construction, and retail. GS traces its roots to the original post-war economic revitalization of Korea, sharing history with LG before the split between LG and GS in 2004. GS has grown to become a significant player in Energy, as the largest independent power provider in Korea as well as the operator of one of the largest single-site refineries. In Construction, GS is the #1 number provider of high-rise multi-family construction in Korea as well as a top global EPC player. In Retail & Trading, GS operates over 15,000 convenience stores, the #1 TV home shopping channel, as well as e-Commerce in Korea and beyond.