Funding flows to construction technology start-ups


Funding in US-based construction tech startups totals just $196.5 million across 44 deals halfway through 2019. Still, $192.6 million across 44 deals is still significantly lower than the $1.274 billion raised by US-based construction startups in the first half of 2018.



The bustling world of construction technology start-ups is off to a slow start in 2019, as mid-year funding statistics point to a marked drop in investment for these insurgent companies over 2018's blockbuster year, Crunchbase reports.

Whether or not 2018's record investment, including Katerra's $865 million haul, was a one-time fluke remains to be seen. Either way, that's not stopping funders from supporting companies like Rhumbix, a San Francisco-based field data-capturing platform that helps builders go paperless on the job site, which recently received a $14.3 million in new investment. 

Trevor Zimmerman, managing partner at investment firm Blackthorn Ventures, told Crunchbase, “Today, foreman and laborers have supercomputers in the form of smartphones in their pockets,” adding, “That’s enabling companies like Rhumbix to bring efficiency gains to construction that other sectors, like manufacturing, were able to access over a decade ago with desktop computers.”

New York City-base...

Antonio Pacheco via Archinect - News http://bit.ly/2Z8ETis

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