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Built-in Tech is an Israeli venture capital fund founded to transform the construction and asset-management industries through technology. Established in Tel Aviv, the firm focuses on early-stage investments in innovative technologies that enhance the construction and maintenance of physical infrastructure. Built-in Tech's operator-LP model distinguishes it from traditional venture capital firms, providing portfolio companies with access to real-world testing environments and industry connections.
The firm has deep roots in the construction and real estate sectors, which allows it to support startups innovating in property technology (proptech), construction technology (contech), advanced robotics, and renewable energy. Built-in Tech emphasizes sustainability and efficiency, addressing challenges such as rising material costs and workforce considerations in the construction industry.
Currently, Built-in Tech operates from its headquarters in Tel Aviv, Israel, and has made five investments in its portfolio. The firm is well-positioned to leverage its unique insights and connections within the Israeli construction market to help its portfolio companies scale and succeed.
Built-in Tech focuses on early-stage investments in technologies that aim to revolutionize the construction process. The firm is particularly interested in sectors such as advanced robotics, algorithms, and sensors that enhance construction efficiency. Their investment strategy includes tools that improve supply chain and project management, as well as solutions for resource management, particularly energy and water, in buildings and infrastructure.
Additionally, Built-in Tech emphasizes advanced renewable energy technologies applicable to the built environment. The firm seeks to partner with founders who are innovating in these areas, looking for solutions that enhance sustainability and efficiency in construction. Their geographic focus is primarily on Israel, but they also consider global scaling potential for their portfolio companies.
Built-in Tech has invested in five notable companies that exemplify its focus on construction technology and sustainability. These include:
These companies represent a blend of hardware and software solutions aimed at addressing various challenges within the construction industry, such as efficiency, safety, and resource management.
Yehuda Raveh: Chairman of the Board, founder of a leading Israeli real estate law firm, bringing extensive legal expertise in real estate transactions.
Haim Feiglin: Member of the Board, CEO and co-founder of Zemach Hamerman Ltd., a publicly listed Israeli real estate company, with a strong background in real estate development.
Sivan Berkowitz: Member of the Board, co-founder of Zemach Hamerman Ltd. and founder of Sivan Construction Ltd., a leading Israeli construction company, contributing significant industry experience.
Nir Yanushevsky: Member of the Board, involved in strategic decision-making and oversight of portfolio companies.
Orry Ben-Porath: Director General, responsible for operational management and strategic initiatives within the firm.
David Amor: CFO, overseeing financial operations and fund management.
To pitch Built-in Tech, founders should visit their website at builtintech.fund or email info@builtintech.fund. It is recommended to include a comprehensive pitch deck that outlines the startup's technology, market opportunity, and team qualifications. Founders should expect a response within a few weeks, and warm introductions are preferred but not mandatory.
In January 2024, Built-in Tech made a notable investment in Okibo, a company developing AI-powered autonomous construction robots for drywall finishing and painting. This investment aligns with Built-in Tech's focus on advanced robotics in the construction sector.
Additionally, Built-in Tech continues to explore opportunities within the proptech and contech sectors, leveraging its operator-LP model to support portfolio companies in real-world testing environments.
What are Built-in Tech's investment criteria?
Built-in Tech invests in early-stage companies, specifically in the seed and Series A stages. The firm focuses on technologies that enhance construction processes, including proptech, contech, advanced robotics, and renewable energy solutions.
How can I pitch to Built-in Tech?
Founders can pitch their startups by visiting the Built-in Tech website at builtintech.fund or by emailing info@builtintech.fund. It is advisable to include a detailed deck that outlines the technology, market potential, and team background.
What makes Built-in Tech different from other VCs?
Built-in Tech's operator-LP model provides unique advantages, including access to active developer and contractor pilot sites for real-world testing. This model allows startups to validate their technologies and establish a foothold in the Israeli construction market.
What is Built-in Tech's geographic focus?
The firm primarily focuses on investments within Israel but is open to companies with global scaling potential. Their deep connections in the Israeli construction industry provide a significant advantage for local startups.
What kind of support do portfolio companies receive?
Built-in Tech offers significant value through its operator-LP model, providing access to industry connections, real-world testing environments, and operational support. This helps startups navigate the complexities of the construction market.
What is the typical check size for investments?
While specific check sizes are not disclosed, Built-in Tech focuses on early-stage investments, which typically range from seed funding to Series A rounds.
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