Construction Capital raises $300 million in funding for defense and manufacturing technology

Construct Capital, an early stage venture capital firm investing in startups that apply technology to sectors such as manufacturing, transportation and defense, has closed its third fund with a $300 million capital commitment.

The Washington, D.C.-based company raised a $225 million second fund and a $75 million capital pool for late-term businesses in 2022.

Many emerging managers do I’m struggling to raise fresh fundsConstruct’s Capital Haul highlights institutional investors’ interest in supporting VCs focused on growing areas of defense technology amid growing geopolitical tensions, and has the driving force behind the Trump administration to increase domestic manufacturing.

The company was founded in 2020 by former NEA partners Dana Grayson and Rachel Holt. He was previously an executive at Uber. Construct is investing in startups such as Hadrian, which uses software to manufacture parts for the defense and aerospace industry. vehicleA company specializing in e-commerce delivery from distribution centers to customers.