Tech set to disrupt the construction industry

The construction industry continues to tackle the challenges of rising construction materials costs, a skilled labor shortage and overall lack of productivity improvements, offering an expansive opportunity for disruption. Which means there’s a new darling for venture capitalists as they funnel an unprecedented amount of capital into Construction Technology.

A massive amount–$1.05 Billion—that’s the record number venture capitalists invested in global construction technology (ConTech) startups in the first half of 2018. Investment volumes in 2018 are already up nearly 30 percent over the 2017 total—and there’s still another six months left in the year.