Formwork Labs, established through a partnership with BuiltWorlds and Brick & Mortar Ventures, will begin accepting applications for its third cohort group on November 20, 2023. This early-stage accelerator program is dedicated to uplifting emerging technology within the buildings and infrastructure sectors. The upcoming cohort will be selected in early 2024. They will embark on a 12-week program in which they will connect with industry-expert mentors, attend BuiltWorlds' Venture West Conference, and pitch investors and industry professionals during the May Formwork Labs Demo Day. The 12-week program will also include sessions on fundraising, marketing, go-to-market strategy, and running successful pilots – focused specifically on the construction industry. Members of the cohort will have the chance to meet with potential mentors, advisors and investors, expanding their industry reach.
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2023 Cohort Highlight
Airtasks helps AEC teams manage their daily activities more effectively and collaborate in a common data environment. It is a workflow management platform for VDC teams that aids in delivering projects faster by breaking complicated processes into simple tasks.
Mangxo simplifies trade credit and logistics for construction companies within the LATAM region. Their platform operates through a user-friendly website that is accessible from any device, requiring only an internet connection and a sales-driven mindset to help users sell more effectively.
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Pelles.ai auto generates MEP routing from architectural floor plans by leveraging generative design and path planning algorithms to create optimal, clash-free, MEP routing from architectural floor plans.
Segue is a cutting-edge resource management solution catering to the needs of specialty contractors and self-perform general contractors in the construction industry. Their platform empowers contractors to efficiently allocate their workforce, enabling those with completed projects to seamlessly connect with contractors in need of skilled labor for short-term assignments.
Veristart Technologies empowers construction fleet owners, helping them save money, reduce downtime, and improve safety by putting construction equipment keys in the cloud.
About BuiltWorlds
Founded in 2013, BuiltWorlds is a worldwide network of built industry professionals dedicated to leadership and collaboration in the built environment. With a member network of more than 1,000 professionals from nearly 300 companies across 21 countries, BuiltWorlds represents the leading edge in engineering, construction, technology, real estate, architecture, and venture capital. In the face of the industry's digital transformation, the BuiltWorlds community is committed to developing new ideas and advancing technology, innovation, and sustainability across the built sector.
About Brick & Mortar Ventures
Focused exclusively on venture capital opportunities in "technology for the built world," Brick & Mortar Ventures identifies, backs, and enables emerging companies developing innovative software and hardware solutions for the industries of architecture, engineering, construction, and facilities management. Its hyper-focused mandate allows Brick & Mortar to continuously develop industry expertise and relationships across these large and growing verticals and build value to its portfolio by taking a hands-on, active role as an investor and partner to its companies.
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