Top Fast-Growing Construction Startups to Watch [2023]

Have you ever wondered who is on the list of Construction Companies with the highest growth rates?

You’re not alone.

There are hundreds of Construction Companies found there, and keeping track of the hottest new startups can be challenging.

But don’t worry, we’ve got you covered. Here are the top 36 fast-growing Construction Startups that have top-tier venture capital funding.

What are Construction Startups?

Construction startups are companies that develop new and innovative technologies, products and services to improve the construction industry. These startups are typically focused on improving the efficiency, safety, and sustainability of the construction industry. 

Top 36 Fastest-Growing Startups In Construction

1) Briq

Briq is a building sector financial forecasting and data analytics tool.

Details of the startup:

• Country: United States
• City: Santa Barbara
• Started in: 2018
• Founders: Bassem Hamdy, Ron Goldshmidt
• Number of employees: 51-100
• Funding amount: $46,000,000
• Number of funding rounds: 4
• Number of investors: 5

You can find their website here.

2) Infra.Market

Infra.Market is an online marketplace for all types of materials and products used in construction projects.

Details of the startup:

• Country: India
• City: Thane
• Started in: 2016
• Founders: Aaditya Sharda, Souvik Sengupta
• Number of employees: 51-100
• Funding amount: $161,545,747
• Number of funding rounds: 7
• Number of investors: 8

You can find their website here.

3) Dusty Robotics

Dusty Robotics uses autonomous layout robots to automate the BIM->field workflow in construction.

Details of the startup:

• Country: United States
• City: Mountain View
• Started in: 2018
• Founders: Phil Herget, Tessa Lau
• Number of employees: 1-10
• Funding amount: $23,715,000
• Number of funding rounds: 3
• Number of investors: 5

You can find their website here.

4) Mighty Buildings

Mighty Buildings is a company that creates 3D printing technologies and an automated platform to help clients afford housing.

Details of the startup:

• Country: United States
• City: Oakland
• Started in: 2017
• Founders: Alexey Dubov, Dmitry Starodubtsev, Sam Ruben, Slava Solonitsyn
• Number of employees: 51-100
• Funding amount: $101,823,024
• Number of funding rounds: 7
• Number of investors: 28

You can find their website here.

5) Extracker

Extracker is a cost communication platform designed specifically for commercial building.

Details of the startup:

• Country: United States
• City: San Francisco
• Started in: 2018
• Founders: Brett Umberg, Cameron Page
• Number of employees: 11-50
• Funding amount: $5,300,000
• Number of funding rounds: 1
• Number of investors: 1

You can find their website here.

6) EquipmentShare

EquipmentShare is a construction industry equipment and digital solutions company that helps contractors increase efficiency.

Details of the startup:

• Country: United States
• City: Columbia
• Started in: 2014
• Founders: Brad Siegler, Jabbok Schlacks, Jeff Lowe, Matthew McDonald, Willy Schlacks
• Number of employees: 501-1000
• Funding amount: $124,064,060
• Number of funding rounds: 9
• Number of investors: 23

You can find their website here.

7) Prescient

Prescient is an architectural software and design firm that enables building by utilizing precision off-site manufacturing.

Details of the startup:

• Country: United States
• City: Charlotte
• Started in: 2012
• Founders: John Vanker, Michael Lastowski, Satyen Patel
• Number of employees: 251-500
• Funding amount: $295,400,000
• Number of funding rounds: 6
• Number of investors: 2

You can find their website here.

8) The Wild

The Wild is a virtual and augmented reality-based immersive collaboration platform that helps architecture, design, and enterprise teams save time and make better decisions by allowing them to experience their work together in a shared virtual area.

Details of the startup:

• Country: United States
• City: Portland
• Started in: 2017
• Founders: Gabe Paez
• Number of employees: 11-50
• Funding amount: $3,125,000
• Number of funding rounds: 4
• Number of investors: 6

You can find their website here.

9) Assignar

Assignar is a software-as-a-service platform that aids construction companies in increasing production, efficiency, and safety.

Details of the startup:

• Country: United States
• City: Denver
• Started in: 2014
• Founders: Marko Tomic, Sean McCreanor
• Number of employees: 51-100
• Funding amount: $30,700,000
• Number of funding rounds: 4
• Number of investors: 4

You can find their website here.

10) Matera

Matera connects co-owners with lawyers, accountants, and web developers to help them manage their building.

Details of the startup:

• Country: France
• City: Paris
• Started in: 2017
• Founders: Jeremy Krebs, Raphael Di Meglio, Victor Prigent
• Number of employees: 11-50
• Funding amount: € 46,500,000
• Number of funding rounds: 3
• Number of investors: 9

You can find their website here.

11) Triax Technologies, Inc.

Triax Technologies, Inc. provides a linked IoT worksite platform for the construction, energy, and heavy industrial sectors.

Details of the startup:

• Country: United States
• City: Norwalk
• Started in: 2012
• Founders: Chad Hollingsworth, Dale Hollingsworth
• Number of employees: 11-50
• Funding amount: $12,500,000
• Number of funding rounds: 1
• Number of investors: 2

You can find their website here.

12) Levelset

Levelset is a platform that makes it easier for contractors to get paid more quickly and efficiently.

Details of the startup:

• Country: United States
• City: New Orleans
• Started in: 2007
• Founders: Scott Wolfe
• Number of employees: 101-250
• Funding amount: $46,750,000
• Number of funding rounds: 6
• Number of investors: 9

You can find their website here.

13) GREYSTAR

Greystar, a multifamily real estate company created in 1993, provides world-class service.

Details of the startup:

• Country: United States
• City: Charleston
• Started in: 1993
• Founders: Bob Faith, Craig Carpenter
• Number of employees: 10001+
• Funding amount: $201,000,000
• Number of funding rounds: 1

You can find their website here.

14) ICON

ICON is a construction technology business that is revolutionizing homebuilding with 3D robotics, software, and sophisticated materials.

Details of the startup:

• Country: United States
• City: Austin
• Started in: 2017
• Founders: Alex LeRoux, Evan Loomis, Jason Ballard
• Number of employees: 51-100
• Funding amount: $59,499,997
• Number of funding rounds: 5
• Number of investors: 22

You can find their website here.

15) Cosuno

Cosuno is a platform that connects the construction industry.

Details of the startup:

• Country: Germany
• City: Berlin
• Started in: 2018
• Founders: Christoph Berner, Fritz Cramer, Maximilian Seifert
• Number of employees: 11-50
• Funding amount: € 12,500,000
• Number of funding rounds: 2
• Number of investors: 11

You can find their website here.

16) Westinghouse Electric Company

Westinghouse Electric Company LLC is a global provider of nuclear power plant components and services.

Details of the startup:

• Country: United States
• City: Cranberry
• Started in: 1884
• Founders: George Westinghouse
• Number of employees: 5001-10000
• Funding amount: $160,500,000
• Number of funding rounds: 2
• Number of investors: 2

You can find their website here.

17) Tread

Tread is a platform for managing construction equipment services that gives construction organizations and fleets real-time information.

Details of the startup:

• Country: Canada
• City: Toronto
• Started in: 2016
• Founders: Noah Dolgoy
• Number of employees: 11-50
• Funding amount: $120,000
• Number of funding rounds: 6
• Number of investors: 11

You can find their website here.

18) PlanRadar

PlanRadar is a SaaS service for construction and real estate project documentation and communication.

Details of the startup:

• Country: Austria
• City: Vienna
• Started in: 2013
• Founders: Clemens Hammerl, Constantin Köck, Domagoj Dolinsek, Ibrahim Imam, Sander van de Rijdt
• Number of employees: 101-250
• Funding amount: € 31,200,000
• Number of funding rounds: 4
• Number of investors: 6

You can find their website here.

19) Building Radar

Building Radar is a website that gives thorough information about construction projects and the companies that are involved.

Details of the startup:

• Country: Germany
• City: Munich
• Started in: 2014
• Founders: Artem Ostankov, Leopold Neuerburg, Paul Indinger, Raoul Friedrich
• Number of employees: 11-50
• Funding amount: € 5,000,000
• Number of funding rounds: 6
• Number of investors: 10

You can find their website here.

20) Archistar.ai

Archistar is a property intelligence platform that integrates architectural design with artificial intelligence to help people make better property decisions.

Details of the startup:

• Country: Australia
• City: Sydney
• Started in: 2010
• Founders: Benjamin Coorey, Robert Coorey
• Number of employees: 51-100
• Funding amount: A$19,550,000
• Number of funding rounds: 5
• Number of investors: 2

You can find their website here.

21) Sablono

Sablono is a Berlin-based firm that creates software for the digital planning and management of large building projects.

Details of the startup:

• Country: Germany
• City: Berlin
• Started in: 2013
• Founders: Florian Meichsner, Lukas Olbrich, Sven Richter
• Number of employees: 1-10
• Funding amount: € 6,300,000
• Number of funding rounds: 5
• Number of investors: 6

You can find their website here.

22) Schüttflix

Schüttflix is a bulk construction supply digital marketplace and delivery platform.

Details of the startup:

• Country: Germany
• City: Gütersloh
• Started in: 2018
• Founders: Christian Hülsewig, Thomas Hagedorn
• Number of employees: 11-50
• Funding amount: € 14,000,000
• Number of funding rounds: 2
• Number of investors: 2

You can find their website here.

23) Tul

Tül has an app that allows users to purchase hardware and construction materials directly from their phone.

Details of the startup:

• Country: Colombia
• City: Bogotá
• Started in: 2020
• Founders: Enrique Villamarin Lafaurie, Juan Carlos Narváez, Nicolas Villegas
• Number of employees: 101-250
• Funding amount: $4,000,000
• Number of funding rounds: 2
• Number of investors: 2

You can find their website here.

24) Bridgit

Bridgit is best renowned for developing the most user-friendly mobile construction software on the market.

Details of the startup:

• Country: Canada
• City: Kitchener
• Started in: 2013
• Founders: Lauren Lake, Mallorie Brodie
• Number of employees: 11-50
• Funding amount: $17,232,360
• Number of funding rounds: 13
• Number of investors: 20

You can find their website here.

25) FINALCAD

FINALCAD provides construction stakeholders with mobile apps and predictive analytics to assist them resolve issues that arise during the construction process.

Details of the startup:

• Country: France
• City: Paris
• Started in: 2011
• Founders: David Vauthrin, Jimmy Louchart, Joffroy Louchart
• Number of employees: 101-250
• Funding amount: $62,977,607
• Number of funding rounds: 4
• Number of investors: 7

You can find their website here.

26) SunSource Energy

SunSource Energy is a solar power company that designs, engineers, procures, builds, and runs solar power facilities and projects.

Details of the startup:

• Country: India
• City: Noida
• Started in: 2010
• Number of employees: 101-250
• Funding amount: ₹422,900,000
• Number of funding rounds: 1
• Number of investors: 1

You can find their website here.

27) TATA Projects

Tata Projects is one of India’s most admired and fastest-growing infrastructure enterprises.

Details of the startup:

• Country: India
• City: Mumbai
• Started in: 1979
• Founders: Kanishka Roy
• Number of employees: 1001-5000
• Funding amount: ₹3,350,000,000
• Number of funding rounds: 1
• Number of investors: 1

You can find their website here.

28) Capmo

Capmo is working on an all-in-one construction management software that will make the difficult aspects of building feel simple.

Details of the startup:

• Country: Germany
• City: Munich
• Started in: 2018
• Founders: Florian Biller, Florian Ettlinger, Patrick Christ, Sebastian Schlecht
• Number of employees: 51-100
• Funding amount: € 6,800,000
• Number of funding rounds: 2
• Number of investors: 3

You can find their website here.

29) Nuvoco

Nuvoco is a corporation that provides construction services.

Details of the startup:

• Country: India
• City: Mumbai
• Started in: 1999
• Number of employees: 1001-5000
• Funding amount: ₹5,000,000,000
• Number of funding rounds: 1
• Number of investors: 1

You can find their website here.

30) Joist

Estimating and Invoicing Software for Contractors

Details of the startup:

• Country: Canada
• City: Toronto
• Started in: 2013
• Founders: Brendan McBride, Brendon Sedo, Justin Kathan, Mike Gauthier
• Number of employees: 11-50
• Funding amount: $14,000,000
• Number of funding rounds: 3
• Number of investors: 11

You can find their website here.

31) Andpad

Andpad is a construction management program that is available to users all across Japan.

Details of the startup:

• Country: Japan
• City: Tokyo
• Started in: 2015
• Number of employees: 1-10
• Funding amount: ¥10,088,855,000
• Number of funding rounds: 5
• Number of investors: 10

You can find their website here.

32) klarx

Klarx is the most popular online marketplace for renting construction equipment and heavy machinery.

Details of the startup:

• Country: Germany
• City: Munich
• Started in: 2015
• Founders: Florian Handschuh, Matthias Handschuh, Vincent Koch
• Number of employees: 51-100
• Funding amount: € 16,500,000
• Number of funding rounds: 3
• Number of investors: 8

You can find their website here.

33) ProperGate

For complicated construction sites, a smart system automates delivery management.

Details of the startup:

• Country: Poland
• City: Warsaw
• Started in: 2018
• Founders: Anna Walkowska, Rafał Grudzień, Robert Grudzień
• Number of employees: 11-50
• Funding amount: $1,307,793
• Number of funding rounds: 4
• Number of investors: 5

You can find their website here.

34) BuildNext

IT-Enabled Construction is a new concept in the construction industry.

Details of the startup:

• Country: India
• City: Kochi
• Started in: 2015
• Founders: Finaz Naha, Gopi Krishnan
• Number of employees: 51-100
• Funding amount: ₹35,500,000
• Number of funding rounds: 1
• Number of investors: 1

You can find their website here.

35) Phoenix Group India

Phoenix is a company having interests in real estate, automobiles, energy, and mining.

Details of the startup:

• Country: India
• City: Hyderabad
• Started in: 2002
• Founders: Suresh Chukkapalli
• Number of employees: 51-100
• Funding amount: $45,884,399
• Number of funding rounds: 2
• Number of investors: 2

You can find their website here.

36) Zhongneng United

Zhongneng United is a business-to-business (B2B) company that designs and rents engineering equipment for aerial operations.

Details of the startup:

• Country: China
• City: Nanjing
• Started in: 2016
• Founders: Weihua Fang
• Number of employees: 101-250
• Funding amount: $225,794,071
• Number of funding rounds: 5
• Number of investors: 7

You can find their website here.

FAQs

Is Construction Business Profitable?

Yes, construction businesses can be very profitable. The profitability of a construction business depends on the type of services offered, the location, the size and scope of the projects, and the cost of materials. 

Profits can also be generated by providing services such as design, project management, and building maintenance. With the right strategies and planning, a construction business can be a lucrative venture.

What Is The Average Investment In Construction?

The average investment in construction depends on the size and scope of the project. Generally, for a smaller residential project, the investment may range from $50,000 to $250,000. For a larger commercial construction project, the investment may range from $1 million to $30 million or more.