Construct Capital Raises $300 Million to Transform Foundational Industries
Palo Alto – April 27, 2022 – Cooley advised Construct Capital, an early-stage venture capital firm, on its recent fundraise of $300 million, including $225 million for its second early-stage fund, Fund II, and $75 million for a new vehicle for select later-stage opportunities. Partner John Clendenin led the Cooley team advising Construct Capital.
With Fund II, Construct Capital will continue to invest behind a high-conviction and high-concentration strategy backing approximately 20 companies. The new fund also will support founders transforming foundational industries such as manufacturing, transportation and delivery.
“There is so much more work to do and so many opportunities for building enduring software and tech-enabled companies,” Dayna Grayson and Rachel Holt, co-founders and managing partners of Construct Capital, said in a joint statement.
Founded in 2020, Construct Capital invests in founders building technology to transform the most foundational industries of the economy – from manufacturing and supply chain to food and transportation – that drive half the US economy’s gross domestic product yet are failing to meet customer expectations.
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