Construct Capital announced $300 million in fresh capital for its second vehicle this week, including $225 million for early-stage (leading or co-leading seed and Series A) prospects and $75 million for later-stage possibilities. This brings the firm’s total assets under management to $440 million at this moment.
Female Founders Run Construct Capital Announced $300M Fund Targeting Infrastructural Automation
Construct Capital co-founders and general partners Dayna Grayson and Rachel Holt continue to delve into innovation that some investors may not think is that exciting, but that truly works behind the scenes to ensure that our food arrives at grocery stores every week and our deliveries arrive on time. And this time, they have a larger arsenal of capital to back them up.
The fund was created in 2020. with their histories with NEA and Uber, respectively, and it closed its first $140 million funds last year. More than half of the US economy is now unconnected to technology, according to Grayson, Holt, and others who are investing in companies that operate in and around the manufacturing, transportation, and logistics sectors.
Grayson says,
“The future of the supply chain might actually be more of a “hub-and-spoke” kind of thing versus a bonafide “chain”. There is no better moment than now to invest in the necessary building blocks and infrastructure to propel the next generation of technological firms.”
Holt stated,
“These are areas that have been chronically under-invested in, given the recent economic climate, the pandemic, and the geopolitical situation have only highlighted the importance of us building a tech infrastructure in these spaces so that they can be more agile and more responsive to where consumers are going, not where they have been.”
The first fund invested in 15 startups, and Grayson and Holt estimate that the second fund will invest in roughly 20 enterprises. ChargeLab, Chef, Hadrian, Tradeswell, Veho, Verve Motion, and Woflow are among the startups in the portfolio of Construct Capital.