Serra Ventures is a venture capital firm investing in technology companies throughout the U.S. and in select international locations. Sectors we focus on include information technology, devices/instrumentation and agricultural technologies.

Serra Ventures

Illinois Ventures is a seed and early-stage technology investment firm focused on research-derived companies in information technologies, physical sciences and life sciences, with a particular emphasis on those deriving from research conducted at the University of Illinois and other regional research institutions and federal laboratories.  Current investments reflect targeted practice areas in energy, device physics, advanced materials, biotechnology, medical devices and instrumentation, homeland security, and software.  Illinois Ventures works with inventors & entrepreneurs to mold concepts, vision, intellectual property, sweat and passion into breakthrough, high-growth companies, and was recently named by Entrepreneur magazine to its list of the top 100 venture capital firms nationally for entrepreneurs.

Illinois Ventures

Grand Angels provides financial consultancy services.

Grand Angels

Harbor Street Ventures is a chicago-based angel firm.

Harbor Street Ventures

Service Provider Capital is a venture capital fund that co-invests in series A deals led by institutional venture funds. It was founded in 2014 and is based in Golden, Colorado.

Service Provider Capital

Cultivation Capital is a venture capital firm that manages a family of funds focused on early-stage investing. Most of our initial investments are during a startup’s Seed or Series A phase, and our initial checks range from $500k – $3.5M. Our industries of focus include life sciences and health tech, software and IT, agriculture tech, and geospatial tech.

Cultivation Capital

Seyen Capital is in the process of raising its first fund. We have a lead investors and are making progress towards a first closing.

Seyen Capital

Venture Capital firm investing in early stage startups founded by passionate entrepreneurs building emerging technology solutions to digitize, disrupt and optimize traditional business models across various non-digital industry verticals.

Dragon Capital

Nemetschek is a leading global software provider for the AECM industry (Architecture, Engineering, Construction, Management). With more than 40 offices around the Nemetschek Group be-used today with its 12 brands over 1.2 million users in 142 countries. Founded in 1963 by Prof. Georg Nemetschek, the group focuses on innovative concepts, such as Open Building Information Modeling (BIM Open) for the AECM-market of tomorrow. The exchange listed since 1999 and is listed on the Nasdaq company generated 2013 revenue of € 185.9 million with an EBITDA of 46.3 million euros.

Nemetschek

Romulus Capital invests in early-stage technology companies that are looking to become industry leaders. We invest between $100K-$1M in brilliant – often first-time – entrepreneurs who are frequently affiliated with top universities and incubators. As a given company grows, our total investment can scale to $5M+ over time.   We are focused on company-building, rather than betting, and we remain strong partners throughout the trajectory of growth. Our firm is young, entrepreneurial, and established, with a powerful investor base from around the world.   We are a venture capital firm of the future, one that merges the classic, humanist focus on building large, impactful entities with the exciting realities of modern entrepreneurs.

Romulus Capital

Takeoff Capital is an early-stage VC specifically for Construction Technology. It is the only contech venture capital fund created by founders who have built a construction technology unicorn (i.e. EquipmentShare, Series E). It writes check sizes between $100K - $10M in pre-seed to Series B deals.

Takeoff Capital

Reconstruct

Reconstruct’s a platform provides a ‘virtual command center’ of project replicas that enables project executives to more proactively and precisely manage construction progress including detecting current, past, and future performance issues. The platform’s 3D timelines enable near real-time coordination among general contractors, subs, owners, and lenders. The company was founded in 2016 and is based in Menlo Park, California.

Reconstruct provides a software platform, Visual Command Center, to control and monitor construction and real estate assets remotely to allow organizations to mitigate risks and make decisions. The company uses reality capture from cameras and drones (outdoor and indoor), design, and schedule to ensure visibility, coordination, and quality of projects. It also uses its patented overlay technology to show users the planned design against the actual progress of the project.&nbsp;

Using real-time data to create dynamic virtual representations of the real world

Digital Twin

Reconstruct is a technology company specializing in construction project visualization and quality control. The company's core product combines reality capture, design, and construction schedules to provide a comprehensive view of construction projects. Reconstruct's platform allows users to conduct reality capture using simple equipment like smartphones or 360-degree cameras, making it accessible to various personnel on job sites. The technology features patented overlay capabilities that enable precise comparisons between planned designs and actual on-site progress. This functionality helps project teams identify discrepancies early, potentially reducing costly rework and project delays. Reconstruct's solution is designed to integrate seamlessly with existing construction operations, offering tools for remote quality control and progress monitoring.

Top 80 Construction Management Firms for 2023

Remote Quality Control & Progress Monitoring

Premier Construction & Insurance Repairs

Technologies and processes that revolutionize the traditional construction industry

Construction Tech

Reconstruct Helps Customers Harness the Power of AI-Powered Digital Twins for Proactive 4D Project Controls at the Oracle Industry Lab

Reconstruct provides a software platform, Visual Command Center, to control and monitor construction and real estate assets remotely to allow organizations to mitigate risks and make decisions. The company uses reality capture from cameras and drones (outdoor and indoor), design, and schedule to ensure visibility, coordination, and quality of projects. It also uses its patented overlay technology to show users the planned design against the actual progress of the project.&nbsp;The company claims it reduces travel time and cost by 50% for users. The company offers solutions for corporate construction, commercial development, contractors, infrastructure, and inspections.&nbsp;Key customers and partnershipsThe company’s key customers include 7-Eleven, McDonalds, and Pfizer. It has also entered several partnerships since 2019, including&nbsp; Autodesk BIM 360, Procore, Oracle, BOX, and Sensera Time Lapse Camera, to provide users with the Reconstruct platform.&nbsp;As of March 2024, the company had partnered with 85 enterprise customers and several universities.&nbsp;Funding and financialsThe company raised USD 17.3 million in July 2021 in a Series B funding round led by Nemetschek Group. The funds were allocated to integrate its platform with software such as Bluebeam and expand globally.

Norway-based Cognite is a provider of digital twin modeling software for an entire operation through complex industrial data. With machine learning and physics simulators, companies are able to use these for predictive maintenance, production optimization, and better decision-making.&nbsp;Its main solution Cognite Data Fusion offers an open industrial digital twin by integrating IT, operational, and engineering data from sources such as ERPs, MES, and IoT platforms. The data is cleaned and contextualized into a single location and turned into insights for actionable advice, which then is used to build and automate workflows. The company claimed to be the first company to <a href="https://sp-edge.com/updates/17445">achieve DNV-RP-A204 compliance </a>for its core product, Cognite Data Fusion.&nbsp;In <a href="https://sp-edge.com/updates/16217">February 2023</a>, the company advanced with new data-modeling capabilities to accelerate (up to 10–25x) deployments of industrial digital solutions and reduce cost and complexity for users. In <a href="https://sp-edge.com/updates/25399">January 2024</a>, the company launched the beta version of a GenAI remote operations control room at the Celanese facility to deliver real-time operational transparency.&nbsp;Key customers and partnershipsThe company provides its solution mainly to the oil and gas, power and utilities, and manufacturing sectors. Its key customers include Siemens and Rockwell Automation.&nbsp;The company had partnered with Microsoft in January 2024 to integrate Cognite Data Fusion with Microsoft Fabric and deliver an AI-powered industrial data operations solution. In June 2022, Cognite formed a joint venture, CNTXT, with Saudi Aramco to provide its digitization services in the Middle East region for the private and public sectors. Also, in October 2022, the company partnered with industrial automation company Rockwell Automation to develop an industrial data hub for the manufacturing sector by combining Rockwell’s software, FactoryTalk, and the Cognite Data Fusion.Furthermore, in September 2022, the company partnered with Schlumberger to integrate the Cognite Data Fusion to Schlumberger’s Enterprise Data Solution to contextualize data in an interoperable platform.&nbsp;Funding and financialsThe company raised USD 150 million in May 2021 in an equity funding round from TCV, which brought the valuation of the company to USD 1.6 billion. The funds were allocated toward expanding its platform to global industries.&nbsp;Furthermore, in January 2022, petroleum and gas company Saudi Aramco purchased 100% of Aker BP's shares in Cognite to own a majority stake of 7.4% at a value of USD 183 million.

Cognite

Nexar is a developer of smart dash cams that gathers real-time street footage to create a digital twin of the physical world and provide data to users for decision-making. As of June 2024, the company had covered over 1.5 billion miles of imagery and holds 4T images in a neural library.&nbsp;Using AI and computer vision, captured images and videos from cars are localized on a map to detect any changes in roads to provide actionable changed data across the platform CityStream and Nexar network. The platform provides features such as detecting changes on the road (such as road blockages, potholes, and construction), driver behavioral maps, autonomous vehicles systems, and compute and connectivity optimization.&nbsp;In August 2022, the company acquired Portugal-based Veniam to combine its data with Veniam’s communications technology and provide real-time mapping for mobility applications.&nbsp;Key customers and partnershipsThe company operates a B2B business model providing its services to enterprises and institutions in the logistics, road construction, and insurance industries. Its key customers include the Regional Transportation Commission of Southern Nevada, which partnered with Nexar in May 2021 to improve road management in Las Vegas. Also, in August 2021, the company partnered with Black Car Fund to provide cameras for Black car operators (rideshare drivers) in New York to protect Black Car Fund members in the case of accident or assault.&nbsp;It also partnered with AWS to deploy images, videos, and AI detections using AWS.&nbsp;Funding and financialsThe company raised USD 53 million in November 2021 in a Series D funding round led by Qumra Capital. The funds were used to scale its digital twin service using dash cam footage for automotive OEMs and cities.

Nexar

Seeq is a provider of data analytics enabling insights, predictions, and collaboration for better production and business outcomes.The company’s product portfolio includes softwares for data analytics including 1) Seeq Workbench for advanced analytics, 2) Seeq Organizer for publishing reports and dashboards, 3) Seeq Data Lab for accessing Python libraries, and 4) Seeq Cortex for IT governance, data connectivity, and calculation features. Furthermore, the company provides deployment via cloud, SaaS solutions, and on premise depending on the customer’s system.Key customers and partnershipsThe company provides its services in more than 40 countries focusing on process manufacturing industries, including oil and gas, pharmaceutical, chemical, energy, mining, and food and beverage. In June 2024, Seeq partnered with Equinor, an international energy company, to leverage Seeq's platform across Equinor's global assets.Seeq’s software is built on long-term vendor partnerships such as SIsoft, Honeywell (since 2017), and Siemens (since 2017). Seeq has also partnered with Amazon Web Services (AWS) and Microsoft Azure to develop features specific to their offerings, recognizing Seeq's expertise in providing cloud solutions for the manufacturing and industrial sector. Other partners include Schneider Electric and Inductive Automation.

Seeq

Q Bio provides a predictive assessment platform to analyse existential risk in an individual’s health. The company claims its platform, Gemini Digital Twin, is the fastest and safest scanner, which takes 15 minutes for the whole body to be scanned.&nbsp;The company provides the Q Exam, which gathers millions of data points from the individual’s body, such as blood, saliva, and vitals, and sends results via a web-based Q Dashboard to the individual’s physicians. Data is facilitated via the Gemini platform that captures whole body patient vitals in a non-invasive manner.&nbsp;&nbsp;The company operates a B2B2C business model offering services via employers and to individuals. It charges membership plans for one year at USD 3,495 for one exam and USD 6,495 for two exams.&nbsp;Q Bio's is developing the Mark I scanner which uses proprietary tensor field mapping technology to offer full-body scans with 3,000 anatomical measurements in just 10 minutes, creating digital twins and large biological models for health insights. In <a href="https://sp-edge.com/updates/31878">July 2024</a>, Q Bio secured USD 27 million in strategic funding to propel the Mark I scanner toward market launch.&nbsp;Key customers and partnershipsIn May 2021, the company partnered with Amazon Web Services to provide Q Bio’s services on its cloud platform.

Q Bio

Israel-based Locusview has developed a digital construction management platform to allow companies to manage projects from start to end. The platform is supported by technological capabilities in physical assets, such as plastic and steel pipes, to enable a digital thread (information of an asset such as model or size) and for supply chain and asset traceability.&nbsp;The platform provides features to manage construction projects in and off the field including GPS and sensor-based data collection, fieldwork validations, cloud-based deployment and scaling, real-time progress tracking, online approvals, and built-in reports. Furthermore, companies can lease the complete solution or get a consultation for a customized solution.The company operates a B2B business model, providing its services mainly to the energy, utilities, and telecom industries.&nbsp;Key customers and partnershipsThe company’s customer base includes more than 30 leading energy utilities and telecom companies. The company has a market presence in India, the US, Australia, Mexico, the UK, and Israel.&nbsp;The company had partnered with Esri to offer a complete end-to-end solution for Esri-based utilities. &nbsp;&nbsp;&nbsp;Funding and financialsThe company raised USD 64 million in April 2021 in a Series A funding round led by Israel Growth Partners. The funds were used to expand the platform capabilities and for market expansion.

Locusview

Companies that facilitate the creation of digital twins to monitor and maintain assets, including buildings and network infrastructure.

Platforms that facilitate digital twin modeling by either collectively or individually offering any combination of data capture and analytics solutions.

Companies offering digital twins to gain insights for use in commercial planning, logistics and distribution, and other supply chain processes.

Companies that offer digital twins to assess risks and recommend solutions in areas such as disaster management, DNA testing, clinical trials (to simulate effects of treatments), etc.

Used to design and build components contributing to smart cities, roads, airports, public transportation systems, etc.

Digital twins are the primary enabling technology for the digital twin industry

Startups can create digital twins of cities; enables modeling/simulation to improve efficiency/quality of life

Digital twins can be applied in the telecommunications industry for remote monitoring of communication towers

Startups can use digital twins to automate and proactively monitor industrial production lines and facilities

Uses edge computing for cost-effective and real-time data processing by reducing transmission costs

Uses AI/ML for the creation of digital twins and when running simulations

Digital twin startups use IoT for remote data collection from sensors to create digital twins

Reconstruct is a technology company specializing in construction project visualization and quality control. The company's core product combines reality capture, design, and construction schedules to provide a comprehensive view of construction projects. Reconstruct's platform allows users to conduct reality capture using simple equipment like smartphones or 360-degree cameras, making it accessible to various personnel on job sites. The technology features patented overlay capabilities that enable precise comparisons between planned designs and actual on-site progress. This functionality helps project teams identify discrepancies early, potentially reducing costly rework and project delays. Reconstruct's solution is designed to integrate seamlessly with existing construction operations, offering tools for remote quality control and progress monitoring.

EquipmentShare is a construction technology and equipment solutions provider founded in 2015 and headquartered in Columbia, Missouri. The company offers a comprehensive suite of services including equipment rental, fleet management technology, and digital solutions for the construction industry. At the core of EquipmentShare's offerings is its proprietary T3 technology platform, a cloud-based operating system that integrates telematics, hardware, and software to monitor equipment health, track utilization, and optimize rental operations. The T3 platform allows contractors to gather real-time data on their machinery, enabling them to make data-driven decisions and improve productivity.
The company's rental fleet features equipment from trusted brands like Genie, Takeuchi, and Doosan, enhanced with EquipmentShare's T3 technology. This technology enables features such as GPS tracking, real-time alerts on location and rental status, and remote monitoring of machine utilization and health. EquipmentShare also offers a mobile app for customers to manage their rentals, including online reservations and instant off-renting capabilities. Beyond rentals, the company provides equipment sales, both new and used, with machines outfitted with their fleet management technology.
EquipmentShare has experienced rapid growth since its inception. As of September 2023, the company had expanded to more than 185 locations across the US, including rental, retail, and service centers. In 2022 alone, EquipmentShare opened 32 new branch locations. The company employed over 4,100 team members as of April 2023. EquipmentShare is also investing in its future growth, with plans to build a new headquarters in Columbia, Missouri, which could potentially be ten times the size of its current campus and create 500 new jobs.

EquipmentShare

<div>
 
 Procore is a leading cloud-based construction management software platform that connects stakeholders across construction projects. Founded in 2003, Procore offers a comprehensive suite of tools for project management, quality and safety, construction financials, and field productivity. The platform allows unlimited users to access real-time project data, facilitating collaboration between office and field teams. Procore's core functionalities include document management, drawing management, RFIs, submittals, scheduling, budgeting, and reporting. The software is designed to streamline workflows, improve communication, and provide visibility into project health and performance.
 
 
 
 
 Procore's platform is accessible via web browsers and mobile apps for iOS and Android devices. The company emphasizes user-centric design and regularly updates its software based on customer feedback. Procore integrates with numerous third-party applications through its App Marketplace and offers an open API for custom integrations. The platform is used across various construction sectors, including commercial, residential, industrial, and infrastructure projects.
 
 
 
 
 In May 2021, Procore went public and is now traded on the New York Stock Exchange. The company has expanded internationally, with offices in the US, Canada, and other locations worldwide. Procore's pricing model is based on a company's annual construction volume rather than per-user fees, with custom enterprise solutions available for larger organizations.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 
 Procore serves a diverse range of clients in the construction industry, from small contractors to large enterprises. Some notable customers include Mortenson Construction, Lennar, HITT Contracting, and Turner Construction. In Canada, companies like Houle Electric have adopted Procore to manage their hybrid work environments and multi-trade collaborations.
 
 
 
 
 Procore has established partnerships with various technology providers to enhance its offerings. For example, the company integrated with ProEst estimating software in 2013 to streamline the transition from estimating to project management. Procore also supports integrations with common business tools like Microsoft Office, Google Drive, and Salesforce, as well as construction-specific software such as Sage 300 CRE and Viewpoint.
 
 
 
 
 The company has focused on expanding its presence in international markets. In November 2022, Procore announced that several European contractors, including Ardmac, Henry Boot Construction, and BW: Workplace Experts, had adopted its platform. These partnerships demonstrate Procore's growing influence in the global construction technology market.
 
</div>

Procore

OpenSpace is a technology company focused on enhancing efficiency and reducing risk in the construction industry. The company's primary offering is a reality capture and documentation platform for construction sites. OpenSpace's system allows users to capture site imagery by simply attaching a camera to themselves and walking through the site. The OpenSpace Vision Engine then automatically maps these photos to project plans, providing a complete visual record of the site. This process is notably fast, with images available for viewing in approximately 15 minutes. The platform offers a comprehensive as-built record of construction projects from preconstruction to handover and operation.
The company's technology enables construction firms, specialty contractors, and property owners to maintain a real-time visual record of their jobsites. This documentation helps teams stay updated on progress, verify completed work, improve coordination, and mitigate risks. OpenSpace's platform includes features such as BIM Compare, Split View, OpenSpace BIM+, and OpenSpace Track. The Field Notes feature facilitates communication about changes, quality assurance and control documentation, and streamlines processes like punch lists and RFIs. OpenSpace's technology is designed to integrate with existing project management software, offering seamless workflows for users. The company also partners with insurance carriers to offer lower-cost policies to its clients, leveraging the risk reduction benefits of its platform.

OpenSpace

RenoRun is an ecommerce platform for construction and building materials that aims to streamline the supply chain for builders and contractors. Founded in 2017 in Montreal, Canada, the company offers an on-demand delivery service for construction supplies, including lumber, drywall, insulation, shingles, siding, hardware, doors, and paint. RenoRun's platform allows contractors to order materials through a desktop site or mobile app, with deliveries made within two to four hours directly to job sites. The company sources materials from local hardware stores and its own network of warehouses, offering over 4,500 products through its online catalog.
RenoRun's business model is designed to increase job site efficiency by eliminating the need for contractors to leave work sites to purchase supplies, saving time and reducing labor costs. The platform also enables contractors to manage material orders across multiple job sites, consolidating purchases from various vendors. In addition to its core delivery service, RenoRun has expanded its offerings to include a FinTech product to help contractors finance material purchases.
The company experienced significant growth, particularly during the Covid-19 pandemic, as customers were drawn to contactless delivery options. By February 2022, RenoRun had expanded its operations to serve six markets across Canada and the US, including Boston, Chicago, Philadelphia, Toronto, Montreal, and Washington D.C. At that time, the company reported having over 500 employees and serving more than 10,000 customers. RenoRun claimed to be growing 2x to 3x year-over-year and expected to exceed nine figures in revenue in 2022.
However, in May 2023, RenoRun faced significant challenges and was forced to shut down its operations. The company entered an insolvency process and began pursuing the sale of its assets through Quebec courts.

RenoRun

DroneDeploy is a cloud-based drone mapping software company that provides solutions for aerial data capture, processing, and analysis. The platform allows users to plan autonomous drone flights, capture imagery, and generate 2D maps and 3D models from the collected data. DroneDeploy's software is compatible with various drone models and offers tools for industries such as agriculture, construction, mining, and surveying.
The company's platform enables real-time mapping and in-field decision making through features like live map generation during flights. Users can conduct complete reality captures with interior and exterior visual data, gather accurate measurements and annotations for analysis, and create full 360-degree walkthroughs of models. DroneDeploy's photogrammetry algorithms transform drone-captured images into maps, which can be aerial or ground-based, and 3D models with 1-2 pixel ground sample distance accuracy.
DroneDeploy emphasizes ease of use and efficiency in its software design. The platform can process up to 1GB of imagery data at a time, significantly reducing the time between data collection and visualization. Its cloud-based nature allows for easy sharing and accessing of data across teams. The software also offers site comparison capabilities, enabling users to compare current surveys with previous data to track changes over time.
Key customers and partnerships
In February 2024, Trimble announced a partnership with DroneDeploy to enhance drone mapping capabilities. This collaboration integrates Trimble's Applanix POSPac Cloud post-processed kinematic GNSS positioning service with DroneDeploy's reality-capture platform. The integration aims to deliver centimeter-level accuracy and an automated, streamlined workflow for DroneDeploy customers when performing reality capture with drones.
DroneDeploy has also partnered with FedEx and Walgreens to facilitate drone deliveries to US homes, expanding its reach beyond mapping services. The company's recent acquisition of StructionSite has further enhanced its capabilities, allowing for the creation of integrated data products that overlay interior and exterior 3D models.

DroneDeploy

Platforms that assist construction companies and employers with the management of various on-site jobs and functions, along with features for task allocation, collaboration, document management, and job-site management.

Companies that use AI, machine learning, and technologies such as drones to collect and process data that can be used to monitor aspects such as construction progress, material consumption, and equipment utilization and predict site safety risks.

Platforms that allow companies to purchase and rent equipment needed for construction activities.

Platforms that match construction companies with contractors and on-site workers.

Platforms that allow construction companies to procure raw materials and monitor/manage inventory utilization.

Companies that develop robots and autonomous solutions for construction machinery.

Leverages robotics technology to automate certain vehicles and machinery to support construction activities

Leverages AI/ML to capture data from various sites and monitor data and information feeds

Reconstruct

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