In this interactive report built with CB Insights Stories, we map the global construction tech landscape in 2020, including funding, exits, corporate activity, and more.
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Global construction tech startups raised nearly $1.4B in 2020. While the construction industry suffered from Covid-19 lockdowns, as reflected in a decline in total construction starts and an increase in project delays, deals to construction tech startups rose to an annual high of 158, with Q3’20 producing record quarterly highs for VC and CVC investment.
Construction tech M&A also broke records, with total exits reaching a new quarterly high in Q4’20.
Several factors contributed to the uptick in investment activity in 2020, including construction managers seeking task automation solutions to cut costs in the long-term and increased demand for digitization solutions to enable remote monitoring, reporting, and collaboration.
