Construction Tech Market Overview
Despite a recent uptick in private financing and M&A activity, the construction industry remains a laggard in terms of technology adoption. A number of platforms and point solutions have emerged and are bringing traditionally paper-based processes online, but much innovation remains to come. Many stakeholders stand to benefit from the digitization of construction workflows, including contractors, designers, suppliers and other service organizations. As these transformations occur, truly vertically integrated platforms will emerge. Every step in the value chain from ideation to design to construction will benefit and be capable of sharing information to reduce costs and expedite build timelines. Accounting / ERP systems, BIM platforms, project management suites and supply chain providers are a few of the vendors driving change within the industry by digitizing documentation, communication, imaging and data synchronization. Catalyst recently partnered with eSUB and is excited to participate in the next phase of industry innovation.
Catalyst is also interested in technology businesses serving verticals adjacent to construction including real estate, facilities management and power and utilities.
At Catalyst, we employ a proactive, research-based approach to investing, targeting sectors experiencing outstanding growth. If you are an owner, operator or investor in a growth stage Construction Tech company, we would like to hear from you. Please send inquiries and business plans to [email protected].