Building Ventures, a San Francisco, CA- and Boston, MA-based early-stage investor committed to innovation in the built world, closed its debut fund, at $53m.
Founded by industry veterans Jesse Devitte and Travis Connors, Building Ventures is focused on investing in “built environment” startups, an emerging industry at the intersection of real estate, construction, and smart infrastructure technologies.
In addition to industry investors from across the US, Europe and Asia including DPR, Gilbane, Hilti, Mortenson, Obayashi and Thornton Tomasetti among others, the fund has received support of over 50 senior executives through its Built Environment Innovation Network.
The network also includes individual investors from design firms such as EYP, KPFF, and Perkins+Will, to help the fund identify and grow startups.
The new fund leverages the team’s 20 year history of operating and investing in early-stage companies across construction and real estate technologies including industry pioneers such as SketchUp, Vico Software, Newforma, and Honest Buildings.