Despite a slight uptick in the number of deals, funding for construction technology startups took a huge blow, dropping to $3 billion last year from $5.4 billion in 2022, or 44%, according to a report from Cemex Ventures, the VC arm of Madrid-based Cemex.
Even with the slowdown, however, some firms managed to pull in massive funding rounds, driven by their products and resilience in the contech sector to broader economic conditions.
Here are nine of the top deals from 2023.
