Announcing Our $95 Million Second Fund to Continue Driving Innovation in the Built Environment
When we started Building Ventures in 2018, we had a clear mission in mind: to invest in early-stage startups working to create a better built world. We knew that the area needed focus, innovation, and capital in order to improve our physical spaces to meet the needs of our growing population and combat the significant impact buildings have on our climate. Over the last four years, we’ve seen massive growth in investments in and increasing adoption of construction and prop tech along with the rise of climate tech. But there’s still work to do.
We’re thrilled to share that we’ve closed our second fund with $95 million in fresh capital dedicated to supporting innovation in the built environment.
You can read more from Jesse Devitte about our plans for Fund II, including our continued focus on the full building lifecycle, our renewed commitment to mentoring contech and proptech startup founders, and our enduring conviction in the need to create a better built world, here.
Portfolio News & Activity
In the Press
🏆 75F HyperStat earned gold in this year’s Dealer Design Award contest in the indoor air quality category. The judges selected the tool because of its ability to deliver affordable, sophisticated IAQ management. More on the honor here.
🛶 Canoa was featured in CO-, the editorial website run by the U.S. Chamber of Commerce, in a deep dive into future workplace trends written by Industrious. Read that here.
Autodesk included Extracker on its list of subcontractor software transforming the industry. Check that out here. 🛠
Animated Insights was named an inaugural Eco Innovation Award winner by Real Leaders. Learn more about the award here. 👏
🌎 Dandelion was featured in Fast Company’s article on the IRA’s impact on startups. Read the piece here.
Envoy announced a partnership with Inspiration Fleet to accelerate national expansion. More here. 🚗
🤖 ENR featured Built Robotics in an article on the industry’s future equipment operators. Read the article here.
♻️ enVerid published a whitepaper on its four-step Clean First framework for achieving sustainable IAQ. Check it out here.
⌨️ Hypar will be teaching a class on Hypar Space and generative building design at Autodesk University later this month.
This fall, you can also catch Join.build at Autodesk University and DBIA. More on the team’s event plans here. 🗓
🏘 Mosaic contributed a list of six ways to make built-to-rent community built to last to the Denver Business Journal. Read here.
🎥 Aeroseal released a video outlining the company’s founding story and sharing its mission to reduce carbon emissions from buildings by 1 gigaton each year. Watch that here.
Our portfolio companies are hiring! Check out job openings in sales, marketing, and more here. 👀
Axios covered our Fund II announcement👏
Travis Connors and Jesse Devitte spoke with Megan Hernbroth of Axios about our second fund. Axios highlights our strategic LPs and industry connections, and mentions Fund II investments Extracker and Skillit. Read the piece here.
Later this month, Jesse is teaching a session at Autodesk University with BVIN member Jeff Herriman on A Brief History of Technology for the Built Environment. During the session, Jesse and Jeff will offer the “real story” behind this recent history of construction tech. If you’re attending AU, you can register here.
In July, Travis spoke on a panel exploring the impact of the future of work on our cities at Relevation. Next week, Travis will be joining a panel on raising in a down market at Blueprint.
Heather will be speaking at Blueprint next week, too. Heather will join a panel discussion on building operations tech with Join Digital CEO Karl May, moderated by BVIN member Joe Aamidor.
Later this fall, Allen will be attending Greenbuild in San Diego.
This week, Gregg judged the startup battle at The Association of Union Constructors’s Industrial Grade Innovation conference. Earlier this summer, he attended the BuiltWorlds Construction Tech conference.