Technology for the Built Environment September 2023

Ascentage Advisors is a leading corporate development and M&A advisory firm working with technology companies serving the built environment. In addition to surveying the broader market, in this year’s annual market update we are particularly interested in investment activity in three key areas:

Preconstruction – an ever-increasing number of private equity and venture capital-backed entities are challenging longstanding strategic leaders in bidding, estimating, and scheduling – key drivers for profitability for contractors and subcontractors;

Infrastructure – new technologies and solutions that specifically address the needs for horizontal construction – transportation, energy, telecommunications, and water – receiving long overdue attention amid a global investment wave; and

Automation – robotics and industrialized solutions to address construction productivity challenges, including numerous unicorns in modular building and 3D printing.

“A record-breaking year for acquisitions and investments by the incumbent players,
a late Spring rebound in growth stage venture capital rounds, and
growing interest from the private equity investors
are all strong bellwethers for a dynamic construct tech ecosystem.”

– Jeff Herriman, Managing Director at Ascentage Advisors

Get the Built Environment Market Update here