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

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.
Venture capital (VC) funding in U.S. construction tech startups alone reportedly hit $1.3 billion in the first half of 2022, representing a 44% increase on the previous six months. In tandem, a slew of new funds and initiatives have emerged to support a fresh swath

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