Construct Capital, a venture capital firm focused on early-stage investments in technology-driven sectors such as manufacturing, transportation, and defense, has successfully closed its third fund, amassing $300 million in capital commitments.
Previously, the Washington, D.C.-based firm had raised a $225 million second fund and a $75 million fund for later-stage companies in 2022.
Despite the challenges faced by many emerging managers in securing new funds, Construct Capital’s recent capital acquisition highlights institutional investors’ growing interest in supporting venture capital firms concentrating on the expanding field of defense technology. This interest is partly fueled by rising geopolitical tensions and initiatives from the Trump administration to enhance domestic manufacturing.
Established in 2020 by Dayna Grayson, a former NEA partner, and Rachel Holt, a former Uber executive, Construct Capital has invested in startups such as Hadrian, which employs software to manufacture parts for the defense and aerospace industries, and Veho, a firm specializing in last-mile e-commerce delivery from distribution centers to end customers.
