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Construct Capital is an early-stage venture capital firm founded in 2020 by Dayna Grayson and Rachel Holt. Based in the United States, the firm focuses on investing in companies that are revitalizing foundational industries such as manufacturing, logistics, defense, and energy. Construct Capital addresses the historical underinvestment in these sectors by supporting the application of modern technologies to enhance productivity and efficiency.
Since its inception, Construct Capital has rapidly scaled its assets under management (AUM) to over $750 million across three core funds and a select fund. The firm has established a strong presence in the venture capital landscape, emphasizing a hands-on approach to working with portfolio companies. Notable milestones include the successful closing of Fund II and Fund III, each with a size of $300 million, aimed at transforming foundational industries through technology.
Construct Capital's investment strategy is characterized by a concentrated portfolio, typically comprising around 24 companies per fund. This approach allows the firm to provide substantial support and expertise to its portfolio companies, ensuring alignment with its mission to drive innovation in critical sectors.
Construct Capital invests in early-stage companies that are transforming foundational industries through technology. The firm targets sectors critical to the economy, including logistics, energy, defense, industrial, and software as a service (SaaS). Their investment strategy emphasizes the need for innovation in industries that have historically been neglected and underfunded, particularly in areas such as supply chain, critical infrastructure, production, energy transition, and core software.
The firm typically invests in the pre-seed, seed, seed+, and Series A stages, with check sizes ranging from $2 million to $10 million. Construct Capital seeks to partner with a limited number of companies, allowing them to provide not only financial investment but also real-world expertise to support growth. This hands-on approach is designed to help portfolio companies navigate the complexities of their respective industries and capitalize on emerging opportunities.
Construct Capital's portfolio includes a diverse range of companies that are making significant strides in foundational industries. Notable portfolio companies include:
This portfolio reflects Construct Capital's commitment to investing in companies that leverage technology to address the challenges faced by foundational industries.
Dayna Grayson: Co-founder & Managing Partner. Grayson has a background as a former partner at NEA and is known for her early investments in companies like Desktop Metal (NYSE: DM) and Onshape.
Rachel Holt: Co-founder & Managing Partner. Holt previously served as an executive at Uber, where she led the US/Canada Rides business and the New Mobility division.
Eugene Wan: Partner. Wan is an early-stage investor and was part of the founding team at MIT's The Engine.
Camila Key Saruhashi: Partner. Saruhashi has experience as the Head of Operations at Nubank and has worked with QED Investors and Redpoint e.ventures.
Kirby Bartlett: COO & CFO. Bartlett brings 25 years of venture experience, having managed operations at ACME Capital and Bay City Capital.
Joachim Vaturi: Investor. Vaturi was previously an investor at America's Frontier Fund.
Leland Chamlin: Investor. Chamlin co-founded Mammoth and was formerly Chief of Staff at Bowery Farming.
Emily Prechtl: Chief of Staff & Investor Relations. Prechtl plays a key role in managing investor relations and operational support.
Ali Gleason: Operations. Gleason has a background as an Executive Assistant at Uber for six years.
Founders interested in pitching to Construct Capital should reach out via email at d@constructcap.com. It is important to include a concise pitch deck that outlines the business model, market opportunity, and how the company aligns with Construct Capital's investment focus. The firm values clarity and specificity in pitches, so founders should ensure that their presentations are well-structured and informative.
Response times may vary, but founders can generally expect to hear back within a few weeks. Warm introductions are preferred, as they can facilitate a more favorable review process.
In March 2025, Construct Capital successfully closed Fund III, raising $300 million to continue its focus on transforming foundational industries through technology.
In April 2022, the firm raised $300 million for Fund II, further solidifying its commitment to early-stage investments in sectors critical to the economy.
Construct Capital has been featured in multiple media outlets, including TechCrunch, BusinessWire, and Yahoo Finance, highlighting its investment strategies and portfolio companies.
What are Construct Capital's investment criteria?
Construct Capital focuses on early-stage companies within foundational industries, particularly in logistics, energy, defense, industrial, and SaaS sectors. They look for companies that are leveraging technology to drive transformation and innovation in these areas.
How can founders apply or pitch to Construct Capital?
Founders can reach out to Construct Capital via email at d@constructcap.com to pitch their ideas. It is advisable to provide a clear overview of the business model, market opportunity, and how the company aligns with Construct Capital's investment focus.
What makes Construct Capital different from other venture firms?
Construct Capital distinguishes itself by concentrating on foundational industries that have been historically neglected. The firm combines financial investment with real-world expertise, allowing them to provide hands-on support to portfolio companies.
What is the geographic scope of Construct Capital's investments?
Construct Capital primarily invests in companies based in the United States, focusing on sectors critical to the US economy.
What is the typical check size for investments?
Construct Capital typically invests between $2 million and $10 million in early-stage companies, covering pre-seed to Series A funding rounds.
What kind of post-investment involvement can portfolio companies expect?
Construct Capital takes a hands-on approach with its portfolio companies, providing operational support, strategic guidance, and access to their network to help drive growth and innovation.
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