For the first Venture Analyst Call of 2023, Dan Laboe, Director of Venture Research for BuiltWorlds, provided an in-depth look at the state of venture investment in 2022 before looking ahead to 2023. Dan was joined by Aaron Toppston, Managing Partner for GS Futures, and Raja Ghawi, Partner at Era Ventures. Though Aaron and Raja operate in the broader construction industry, their focus areas vary, providing a holistic view of venture capital in the built world.
“We’re truly trying to back founders who are going after change…we’re excited to back the next generation of founders.” Raja Ghawi, Era Ventures
Using data pulled from BuiltWorlds Institutional Activity Dashboard, the group discussed a structural shift in the economy, specifically a recent decrease in residential (single-family) buildings due to an uptick in interest rates. When investing in this space, pressures will change depending on the stage. The macro factors for players like Veev and Svante, who closed massive later-stage rounds in 2022, are much different from…