Construct Capital, a venture capital firm supporting entrepreneurs revolutionizing foundational industries, announced the close of its $300 million Fund III, bringing its total assets under management to $750 million. Founded in 2020 by Dayna Grayson and Rachel Holt, the firm invests in startups modernizing essential sectors such as logistics, energy, manufacturing, defense, and transportation. With Fund III, Construct aims to continue supporting companies that apply technologies like AI, robotics, and automation to improve productivity and efficiency in long-overlooked industries. The fund was oversubscribed and received backing primarily from endowments, foundations, family offices, and fund of funds.
The firm plans to invest in approximately two dozen startups at the Seed and Series A stages, writing checks between $2 million and $10 million. Construct takes a focused approach, working closely with Founders who are building businesses in areas traditionally underserved by venture capital. Its portfolio includes companies such as Veho, Hadrian, Copia Automation, Kinetic, Chef Robotics, and Vammo, each applying software or hardware innovations to modernize core operations. Happy with the funding, Grayson expressed, "We are grateful to the LPs who have continued to back us and the new, incredible quality partners who find our vision and mission compelling.” Construct Capital sees this as a critical time to support technology-driven solutions that address challenges like aging infrastructure, labor shortages, and complex supply chains, ultimately contributing to a more resilient industrial base.
