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OMERS Ventures, Turner Construction team up to build the construction tech startup of their dreams

TechCrunch

OMERS Ventures’ Principal Michelle Killoran has long been looking for a construction tech startup to invest in. Meanwhile, Jim Barrett, chief innovation officer at Turner Construction, was facing a similar challenge. Couple that with the fact that the construction industry is complex.”. billion in revenue in 2020.

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Construction insurance company Billy raises additional $2.5 million

TechCrunch

Construction insurance company Billy announced today the closing of an additional $2.5 Gutsa combined his background in construction product management with Robbins’ decade of experience running a construction business to launch Billy, which digitizes and streamlines the construction compliance management process.

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Japanese construction tech Aldagram nails down backing from Panasonic

TechCrunch

Aldagram , a startup out of Japan developing project management software for construction companies, has picked up a new strategic backer to help it build out its footprint across Asia and the Middle East. On top of that, KANNA helps construction project managers keep connected with what’s happening on-site.

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Construction robotics company Toggle raises $8M

TechCrunch

New York-based construction startup Toggle this morning announced that it has raised an $8 million Series A. Construction startups have also begun to heat up. Toggle automates an entirely different part of the construction process. Investment in construction automation is essential to rebuilding US infrastructure.

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Investors discuss how labor shortage is shaking up the construction tech stack

TechCrunch

Construction as an industry has evolved with civilization through the ages. Construction’s digital transformation journey is only just beginning, and the sector offers a ton of space for innovation. To get a clear picture of where construction tech stands today, we spoke with five active investors in the space.

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Formwork Labs aims to build ‘the YC of construction tech’

TechCrunch

Construction tech is one of those sectors that has not historically been considered “sexy” in a startup world that often favors glitzier technology. But construction fuels the commercial and real estate industries, which in turn impacts all of us in one way or another. Construction tech startups are poised to shake up a $1.3-trillion-dollar

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Foundamental closes $85M fund for early-stage construction tech startups

TechCrunch

The trillion-dollar construction industry is often tarred with the inefficiency brush , accused of failing to move with the times and ignoring digitization in favor of legacy tools. But there is plenty of evidence that things are changing, with countless startups raising large sums of cash to help the construction industry modernize.