Suffolk Technologies, an institutional venture capital firm affiliated with Suffolk, the $5 billion national construction firm, has closed its inaugural fund with $110 million in commitments.
Suffolk Technologies Fund I will invest in early- to growth-stage companies across construction technology (contech) and property technology (proptech) that are creating solutions for safer, more sustainable and efficient construction. In turn, these businesses will address issues such as the national lack of affordable housing, high rates of emissions from construction and real estate projects and the increased need for efficient infrastructure investment as a result of the Infrastructure Investment and Jobs Act (IIJA).
“The construction and real estate category is a $6.4 trillion industry that makes up five percent of U.S. GDP. Despite the importance of our industry to the American economy, construction and real estate continue to lag behind other industries when it comes to
