While even late adopter industries such as manufacturing, shipping, insurance, oil & gas and agriculture have all been transformed over the last 20 years. Construction and mining still looks almost exactly like it did 20 years ago where most of the market leaders from two decades ago are still at the top.
We think it’s the single most exciting opportunity in the world for ambitious founders and enlightened funders.
Since construction is a global (but locally fragmented) market, founders hoping to disrupt construction need:
This requires deep insights, a global view of the industry and access to international markets.
Ultimately, there is a need for VCs with real sector expertise. They have to provide capital and help take early-stage customers to market, as well as the knowledge to help commercialize across borders.
Most importantly, they must be able to recognize themes across markets and continents. For example, project management apps received huge funding globally from 2015-2018. But, not one VC was able to profit from the theme truly globally.
A winner in one market can help predict winners in other markets – if you can spot the winners and patterns on an international scale.
We go after the winning models across markets. Our unfair advantage is our cross-border theme investing and commercialization, combined with a deep understanding of our sector.