Construct Capital
SEC exempt reporting adviser (venture capital exemption).
- HQ
- DC
Construct Capital is an early-stage venture capital firm that invests in founders rebuilding foundational industries. Its portfolio includes companies such as Podium, which is building software-defined manufacturing for industrial automation hardware, Hadrian, which transforms manufacturing for space and defense, Veho, which transforms parcel shipping, and Endurance, which is building clean power from seafloor geothermal.
01 · Says / Does
| Tag | Says | Does |
|---|---|---|
| Stages | Seed, Series A | Not enough dated deals |
| Sectors | Energy, Mobility, Logistics, Aerospace and defense, Manufacturing | Not enough dated deals |
| Regions | Not stated | Not enough dated deals |
Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| Construct Capital Select Fund II, L.P. Construct Capital is an early-stage venture firm that backs founders rebuilding foundational industries such as manufacturing, logistics, defense, and energy, where disruptive technology has not yet been widely applied. Inferred from the firm's website | 2026 | $150M (Form D) | Open, writing first checks |
| Construct Capital III Operators Fund, L.P. Construct Capital is an early-stage venture firm that backs founders rebuilding foundational industries such as manufacturing, logistics, defense, and energy, where disruptive technology has not yet been widely applied. Inferred from the firm's website | approx. 2025 | $5M (Form D) | Raising |
| Construct Capital III, L.P. Construct Capital is an early-stage venture firm that backs founders rebuilding foundational industries such as manufacturing, logistics, defense, and energy, where disruptive technology has not yet been widely applied. Inferred from the firm's website | 2025 | $300M (Form D) | Open, writing first checks |
| Construct Capital II Operators Fund, L.P. Construct Capital is an early-stage venture firm that backs founders rebuilding foundational industries such as manufacturing, logistics, defense, and energy, where disruptive technology has not yet been widely applied. Inferred from the firm's website | approx. 2022 | $5M (Form D) | Late investment period |
| Construct Capital II, L.P. Construct Capital is an early-stage venture firm that backs founders rebuilding foundational industries such as manufacturing, logistics, defense, and energy, where disruptive technology has not yet been widely applied. Inferred from the firm's website | 2022 | $220M (Form D) | Late investment period |
03 · People across funds
- Dayna Grayson, Managing Director of the General Partner
Construct Capital Select Fund II, L.P. (Named on Form D); Construct Capital III Operators Fund, L.P. (Named on Form D); Construct Capital III, L.P. (Named on Form D); Construct Capital II Operators Fund, L.P. (Named on Form D); Construct Capital II, L.P. (Named on Form D)
- Rachel Holt, Managing Director of the General Partner
Construct Capital Select Fund II, L.P. (Named on Form D); Construct Capital III Operators Fund, L.P. (Named on Form D); Construct Capital III, L.P. (Named on Form D); Construct Capital II Operators Fund, L.P. (Named on Form D); Construct Capital II, L.P. (Named on Form D)
04 · Recent deals
No dated deals found yet.
05 · Latest from the firm
No news from the firm's website yet.
06 · Sources
- https://www.constructcap.com/
- https://www.constructcap.com/companies
- https://www.constructcap.com/articles/copia-automation-raises-usd16-4m-in-funding
- https://www.constructcap.com/articles/backops-the-connective-intelligence-layer-powering-the-modern-supply-chain
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 28, 2026