Washington, D.C.-based VC firm Construct Capital has raised $300 million for its third fund, continuing its mission to invest in early-stage startups modernizing core industries such as manufacturing, transportation, and defense.
Founded in 2020 by former NEA partner Dayna Grayson and ex-Uber executive Rachel Holt, Construct Capital has previously backed innovative startups like:
- Veho – a logistics startup focused on last-mile e-commerce delivery
- Hadrian – which builds software-driven manufacturing solutions for the defense and aerospace sectors
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A Vote of Confidence Amid Fundraising Challenges
While many emerging venture firms are facing headwinds in today’s tighter funding environment, Construct’s successful raise highlights growing institutional interest in defense tech—especially as geopolitical tensions rise and governments push for reshoring and strengthening of domestic industrial capacity.
This new $300M fund follows their $225M second fund and a $75M late-stage opportunity fund, both launched in 2022.
Construct’s latest capital pool will enable the firm to double down on tech-driven innovation in physical-world industries that are ripe for disruption but often underserved by traditional venture capital.
