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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. Toronto, Ontario-based OMERS Ventures is the VC arm of OMERS, the pension plan for Ontario’s municipal employees.

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TechCrunch+ roundup: Construction tech survey, founder-CEO friction, diversify your cap table

TechCrunch

The technological advances we’ve made over the last few thousand years are stunning, but the construction industry still relies on centuries-old technology. Even so, investors are backing startups bringing robotics, data management, automation and augmented reality into the construction process. Heinrich Gröller, partner, Speedinvest.

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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 million led by Entrada Ventures and MetaProp, bringing its total funding to $6.7 Gutsa and Robbins were inspired to launch the company after noticing that risk in the construction sector was steadily increasing. “In allocated to them in 2021.

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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. billion and $40.5 billion , respectively.

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Eano’s Stella Wu is not your typical construction tech startup founder

TechCrunch

Builders VC led the round, which included participation from Celtic, Newfund and Wish co-founder Danny Zhang. Construction tech startups are poised to shake up a $1.3-trillion-dollar Image Credits: Eano CEO and founder Stella Wu / Eano. “We Eano also works on projects like building ADUs (accessory dwelling units).

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AI construction startup Versatile raises a $20M Series A

TechCrunch

San Francisco-based construction startup Versatile is announcing today that it has raised a $20 million Series A. The round was led by Insight Partners and Entree Capital, along with existing investors Robert Bosch Venture Capital GmbH, Root Ventures and Conductive Ventures. The round follows $8.5

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Construction tech startup Kojo rebrands, expands and lands $39M

TechCrunch

Kojo , a startup that aims to help construction companies in the U.S. manage their materials supply chains “seamlessly,” has raised $39 million in a Series C round of funding led by Battery Ventures. Image Credits: Maria Rioumine, co-founder and CEO of Kojo / Kojo. It’s been busy since.