Construct Capital, a Washington, D.C.-based venture capital firm focused on early-stage investments in manufacturing, transportation, and defense technology. Has closed its third fund with $300 million in capital commitments. The firm continues to attract strong investor interest, particularly in defense technology. A sector gaining momentum amid geopolitical tensions and increasing government support for domestic manufacturing.
Founded in 2020 by former NEA partner Dayna Grayson and ex-Uber executive Rachel Holt. Construct Capital has rapidly established itself as a key player in funding startups that leverage technology to modernize traditional industries. The firm previously raised a $225 million second fund and an additional $75 million for later-stage investments in 2022. Underscoring its steady growth and expanding portfolio.
Construct Capital’s successful fundraising comes at a time when many emerging venture firms are struggling to secure fresh capital. The firm’s ability to raise significant funding reflects the growing interest among institutional investors in backing companies that contribute to national security and supply chain resilience. With increasing government initiatives aimed at strengthening U.S. manufacturing and technological infrastructure. Venture firms like Construct are well-positioned to support startups that align with these priorities.
Among its notable investments, Construct has backed Hadrian, a company using software-driven automation to manufacture precision parts for the aerospace and defense industries. The firm has also invested in Veho, a logistics startup optimizing last-mile e-commerce delivery from distribution centers to customers. These investments highlight Construct’s strategy of supporting companies that address critical gaps in industrial and transportation infrastructure.
With its latest fund, Construct Capital plans to continue identifying and supporting startups at the forefront of innovation in manufacturing, defense, and logistics. As the demand for technology-driven solutions grows, the firm is poised to play a pivotal role in shaping the future of these industries.
