AEC_VC // State of Constru-Tech in Q4/2023


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2	AEC_VC	aecvc.com
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4	Source: Tracxn, feed "Construction Tech"
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7	Constru-Tech: Cumulative total VC funding raised
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9		2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
10	Venture funding raised ($M) incl. Katerra	504	1,170	979	2,370	7,270	2,720	1,850	8,680	4,930	1,330
11	excl. Katerra ($M)	504	1,163	903	2,213	6,271	2,020	1,650	8,680	4,930	1,330
12	Cum. excl. Katerra ($M)	504	1,667	2,570	4,783	11,054	13,074	14,724	23,404	28,334	29,664
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15	Constru-Tech: Pre 2021 vs. Post 2021
16	6 Quarters before 2021 vs. 6 Quarters after 2021 (with 2021 being the outlier year in venture)
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18		2019-Q3	2019-Q4	2020-Q1	2020-Q2	2020-Q3	2020-Q4	2022-Q1	2022-Q2	2022-Q3	2022-Q4	2023-Q1	2023-Q2
19	Venture funding raised ($M) excl. Katerra	475	132	310	538	240	565	2,150	1,350	891	548	232	605
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21	Pre 2021 Total ($M)	2,260
22	Post 2021 Total ($M)	5,776	+156%
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24	Pre 2021 Peak ($M)	565
25	Post 2021 Peak ($M)	2,150	+281%
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27	Last quarter Pre 2021 ($M)	565
28	Last quarter Post 2021 ($M)	605	+7%
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31	Total Venture: Pre 2021 vs. Post 2021
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33		2019-Q3	2019-Q4	2020-Q1	2020-Q2	2020-Q3	2020-Q4	2022-Q1	2022-Q2	2022-Q3	2022-Q4	2023-Q1	2023-Q2
34	Venture funding raised ($B)	372	288	172	238	275	210	330	264	177	158	138	134
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36	Pre 2021 Total ($M)	1,555
37	Post 2021 Total ($M)	1,201	-23%
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39	Pre 2021 Peak ($M)	372
40	Post 2021 Peak ($M)	330	-11%
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42	Last quarter Pre 2021 ($M)	210
43	Last quarter Post 2021 ($M)	134	-36%
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46	Constru-Tech's increasing contribution and resilience within total venture
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48		2019-Q3	2019-Q4	2020-Q1	2020-Q2	2020-Q3	2020-Q4	2022-Q1	2022-Q2	2022-Q3	2022-Q4	2023-Q1	2023-Q2
49	Constru-Tech share of total venture	0.1%	0.0%	0.2%	0.2%	0.1%	0.3%	0.7%	0.5%	0.5%	0.3%	0.2%	0.5%
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51	Pre 2021 Share (weighted average)	0.15%
52	Post 2021 Share (weighted average)	0.48%	+331%
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55	Median funding per round
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57	Constru-Tech
58		2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
59	Seed stage ($M)	0.38	0.65	0.34	0.45	0.70	0.75	0.55	1.38	1.70	1.30
60	Growth stage ($M)	39	30	30	49	63	35	47	100	55	80
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62	Constru-Tech, Seed stage (%, 2014 = 100)	100%	172%	91%	120%	187%	200%	145%	368%	453%	347%
63	Constru-Tech, Growth stage (%, 2014 = 100)	100%	76%	76%	125%	159%	89%	119%	254%	140%	204%
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66	Total Venture
67		2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
68	Seed stage ($M)	0.44	0.50	0.46	0.50	0.54	0.57	0.66	1.06	1.31	1.38
69	Growth stage ($M)	18	25	24	30	39	40	46	74	60	43
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71	Total Venture, Seed stage (%, 2014 = 100)	100%	115%	106%	115%	125%	130%	152%	244%	301%	317%
72	Tota Venture, Growth stage (%, 2014 = 100)	100%	135%	131%	165%	213%	220%	252%	407%	329%	236%
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74
75	Constru-Tech CAGR (Seed)								153%	77%	34%
76	Constru-Tech CAGR (Growth)								114%	9%	20%
77	Constru-Tech CAGR (weighted)								115%	10%	20%
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79	Total Venture CAGR (Seed)								60%	41%	28%
80	Total Venture CAGR (Growth)								62%	14%	-2%
81	Total Venture CAGR (weighted)								62%	15%	-2%