image credit: Adobe Stock

Despite $50B of investment, contech is being held back by its fragmented customer base

June 7, 2023

The report found that the contech market is maturing, with $11.5 billion of late-stage venture capital entering the space between 2020 and 2022, more than triple the amount from the previous three years.

Meanwhile, mergers and acquisitions have also taken center stage, representing the largest single source of funding for contech firms, including 48% of all investments and 68% of all exits. As a further sign of contech’s arrival, median deal size and post-investment company valuations have doubled since 2017, the report said.

Read More on Construction Dive