Construction-Focused Venture Firm Brick & Mortar Closes $97 Million Fund

Brick & Mortar Ventures has raised a $97 million fund targeting the construction, engineering and architecture sectors.

Backed by large construction companies including Ardex GmbH and Mexican concrete company Cemex SAB, the fund has already invested in 16 startups since January 2018. The San Francisco-based firm has invested in startups developing everything from enterprise technology for project management to advanced 3-D modeling tools.