Venture capitalists are betting big on construction technology startups. According to a recent report by James Long LaSalle, Inc., $1.05 billion has been invested in construction technology startups since 2009. This represents an increase of 30 percent from the first half of 2017. To date, investors have closed 478 funding deals totaling $4.34 billion. Here’s how you can invest in construction technology startups. The following are some examples of companies looking to capitalize on this trend.
Abeles has consulted with and invested in several construction technology companies. As an industry leader, he has helped numerous companies grow their businesses and establish themselves as thought leaders. He co-founded BuiltWorlds in 2014, an industry media company and digital network for leading companies. This company hosted global events and produced industry research. Abeles was responsible for fostering industry collaborations, speaking at influential conferences, and reaching out to established players. Here, he has brought his deep industry experience to bear on a new wave of tech startups.
As technology advances, the construction industry will evolve quickly. New age technologies will enable better design, engineering planning, and project execution. Advanced hardware and software will transform construction projects by eliminating challenges with analytics. And as these technologies become more widespread, they’ll allow construction companies to compete with other industries and remain ahead of the competition. With so many innovations available, construction companies should not delay investing in them. These technologies are changing the industry as we know it masstamilan.