Construct Capital, a risk capital company in the initial stage that invests in new companies that apply technology to sectors such as manufacturing, transport and defense, has closed its third fund with $ 300 million in capital commitments.
The Washington headquarters, DC, previously raised a second fund of $ 225 million and a capital group of $ 75 million for companies in later stages in 2022.
While many emerging managers are struggling to raise new funds, the capital capital of Construct underlines the interest of institutional investors in supporting the VCs focused on the growing field of defense technology in the midst of the growing geopolitical tensions, together with the impulse of the Trump administration to increase national manufacturing.
The firm was founded in 2020 by former Nea Dayna Grayson and Rachel Holt members, who was previously executive in Uber. Construct has invested in new companies such as Hadrian, which uses software to manufacture pieces for defense and aerospace industries, and Voho, a company specialized in electronic commerce delivery of the last mile, from distribution centers to customers.
