Construction Technology
Construction Technology
Software, robotics, and materials for the built environment.
Early-Stage Venture Capital · Fund II
Sector-specialist capital for the industries that build the world.
We back early-stage founders applying frontier technology to the physical economy: construction, energy, infrastructure, manufacturing, and the logistics networks that move it all.
$140 M
Assets under management
7
Years investing
24
Portfolio companies
6
Realized exits
About Us
Operators turned investors, focused where capital is scarce.
We are a small, GP-led firm built by founders and operators from construction, engineering, and industrial software. Our edge is sector understanding and a network that opens doors most generalist funds cannot. We invest with conviction, hold concentrated positions, and stay close to the companies we back.
Learn more about us About the firm
Active Vehicles
Where our current capital is deployed.
Each vehicle is purpose-built for a specific stage and strategy. Detailed terms, portfolio, and track record are available in the data room.
Fund II - Open
Physical AI Early Stage
A focused fund backing 12 to 15 founders applying AI, robotics, and automation across construction, energy, and manufacturing.
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Fund I - Deployed
Industrial Software Seed
Our first institutional vehicle. Now fully deployed across 8 portfolio companies with early markups across the cohort.
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Coming 2027
Growth Continuity
Reserved follow-on capital that lets us continue backing our top performers as they scale into category leaders.
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Why Invest With Us
A focused fund built for a specific moment.
Most venture capital is generalist. We are not. Our team, our network, and our portfolio strategy are all built around one thesis: the physical economy is ready for software-grade returns, and most investors are not positioned to capture them.
Sector Specialization
Every partner has operated inside the industries the fund invests in. We are not generalists picking up sector exposure - we are insiders.
Concentrated Portfolio
Twelve to fifteen positions, not fifty. We work closely with each founder rather than spreading capital thinly across a long tail.
Operator Network
Our LPs and advisors are seasoned operators across architecture, engineering, energy, and industrials. Their pattern recognition shapes diligence.
Proprietary Sourcing
Roughly seventy percent of last year's investments came through founder referrals and operator introductions - not from the broader market.
Reserves Discipline
A minimum of fifty percent of capital is held in reserves so we can keep backing our winners through their most important rounds.
Aligned Economics
Standard market terms with a high water mark. We do not take carry on losses, and we co-invest our own capital alongside every commitment.
Investor Voices
What our LPs say.
"They are operators first. When my portfolio company hit a supply chain issue, they were on the phone with three of their LPs the same afternoon."
"The diligence work is unlike anything we see from generalist funds. They know the customer, they know the product, and they know the failure modes."
"Concentrated, high conviction, and patient. The discipline shows up in the portfolio markings and in how they handle setbacks."
Process
How It Works
A clear four-step path from first conversation to active partnership. Most LPs move from initial consultation to commitment within four to six weeks.
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Initial Consultation
A thirty-minute call to understand your portfolio goals, time horizon, and fit with our thesis. No materials needed up front.
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Due Diligence
Access to the data room, a follow-up working session with the GPs, and direct answers to any questions your team has.
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Capital Deployment
After commitment, capital is called over four to five years on the schedule outlined in the PPM. No upfront drawdown.
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Active Management
Quarterly LP letters, an annual meeting, and direct access to the partnership as the portfolio matures and exits begin.
Where We Invest
Six sectors. One thesis.
We focus on the categories where frontier technology meets a real-world supply chain. Each sector has its own dedicated thesis lead and operator network.
Energy Infrastructure
Energy Infrastructure
Generation, storage, and grid technology for the transition.
Industrial Automation
Industrial Automation
Vision systems, robotics, and orchestration for plants and yards.
Logistics & Supply Chain
Logistics & Supply Chain
Workflow, visibility, and orchestration for industrial freight.
Advanced Manufacturing
Advanced Manufacturing
Process, additive, and quality technology for high-mix production.
Climate & Sustainability
Climate & Sustainability
Carbon, water, and circular-economy companies with defensible unit economics.
Latest Insights
From the partnership.
Short essays, market notes, and field reports from the GPs. Placeholder cards until the real blog ships.
Physical AI essay
What Physical AI Actually Means
The boundary between bits and atoms is moving fast. A short read on where we draw the line for Fund II and which segments are still under-served.
Read More Capital call math
Capital Call Math, Visualized
Why a $1M commitment is not $1M out the door on day one - and what the four-to-five-year drawdown means for your liquidity planning.
Read More Operator essay
From Operator to GP
The five things that surprised us most about switching from running a company to backing one - including the unexpected role of patience.
Read MoreTrusted By
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Start Here
Start your investment journey.
Whether you are evaluating Fund II for the first time or considering a follow-on commitment, a short conversation with the team is the fastest way to map the opportunity against your portfolio.
Get in Touch