Construct Capital, an early-stage enterprise capital agency that invests in startups making use of expertise to sectors like manufacturing, transportation, and protection, has closed its third fund with $300 million in capital commitments.
The Washington, D.C.-based agency beforehand raised a $225 million second fund and a $75 million capital pool for later-stage firms in 2022.
While many rising managers are struggling to lift contemporary funds, Construct’s capital haul underscores institutional buyers’ curiosity in backing VCs centered on the rising subject of protection tech amid rising geopolitical tensions, together with the Trump administration’s push to extend home manufacturing.
The agency was based in 2020 by former NEA associate Dayna Grayson and Rachel Holt, who was beforehand an govt at Uber. Construct has invested in startups like Hadrian, which makes use of software program to fabricate elements for the protection and aerospace industries, and Veho, an organization specializing in last-mile e-commerce supply from distribution facilities to prospects.
