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How Is The Landscape Of Contech Investment Changing?

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Feb 28, 2023

In the third episode of Season 11 of the Propcast,
host Louisa Dickins is joined by Gregg Wallace,
Partner at Building
Ventures
, who invest in companies reshaping the way we design,
build, operate and experience our built environment and Matt
Wegworth
, Vice President of Dawson Ventures at McKinstry, whose goal is to
advance early-stage technologies and offerings and support
innovative startups.

 

Episode Highlights:

  • How Gregg as part of the Hilti
    Group invested in Building Ventures first funding round

  • How they have now launched Fund 2
    and the different strategic partners this will bring onboard

  • The growth they have seen in the
    market and what it means for their organisation

  • The synergies between Building
    Ventures and McKinstry and why they started working together as
    strategic partners

  • The tagline that McKinstry work by
    and how that benefits their clients

  • Why Dawson Ventures was
    created

  • The stage and ticket size that
    both companies invest in and trends they follow

  • The different areas of growth they
    are seeing, despite the economic situation

  • The importance of having a go to
    market plan in the construction and proptech space

  • Gregg and Matt’s ideas for
    generating more innovation and adoption within the industry

  • Their view on the best ways to
    attract new talent into construction technologies

  • The battle the industry has
    between efficiencies and innovation

Resources:

Shout outs:

 

Key Takeaways:

  • We appreciated as Hilti the
    ecosystem that Building Ventures brought, so we made an investment
    in mid 2018, alongside a whole number of strategic investors as
    part of Building Ventures first fund, which launched in 2018 as $53
    million and placed 16 startup portfolio companies. – Gregg

  • That’s what we also represent as
    Building Ventures, looking at how do we create a fundamentally
    better built world? Not the transaction side of buying and selling
    and dividing buildings into crypto coins, but really creating a
    fundamentally better built world, connecting the historically
    disparate phases of the building lifecycle. – Gregg

  • What that does for us here and
    certainly for our clients is it brings a suite of thinking and
    offering to drive that desire to how do we remove the waste and
    climate harm out of the environment through innovation, so that it
    has 60 years of operation. – Matt

  • We believe by keeping really close
    to the industry, we can be very supportive. At the early seed
    stage, getting to know founders, making introductions, helping them
    think through strategically the problems. – Gregg

  • This is not a one-time
    transaction. This is the start of a five to 10 year relationship
    through all of its ups and downs that we want to support our
    portfolio company. – Gregg

  • So do we see a slowdown? Not at
    all. Are we continuing to invest in our own startups? Absolutely. –
    Matt

About Our Host

Louisa Dickins

Louisa
is the co-founder of LMRE, which has rapidly become the market
leading global PropTech recruitment platform and search consultancy
with operations across North America, United Kingdom, Europe and
Asia-Pacific.

To promote the industry she is so passionate about,
Louisa set up the Global podcast ‘The
Propcast’
where she hosts and invites guests from the built
environment space to join her in conversation about innovation.

 

About LMRE

LMRE is globally
recognised for leading the way in Real Estate Tech & Innovation
talent management.

From the outset our vision was to become a global
provider of the very best strategic talent to the most innovative
organisations in PropTech, ConTech, Smart Buildings, ESG,
Sustainability and Strategic Consulting.

At LMRE we are fully committed at all times to exceed
the expectations of our candidates and clients by providing the
very best advice and by unlocking exclusive opportunities across
our global network in the UK, Europe, North America and
Asia-Pacific.

 

Sponsors

Launch Your Own Podcast

A Podcast
Company
is the leading podcast production and strategic content
company for brands, organisations, institutions, individuals, and
entrepreneurs. Our team sets you up with the right strategy,
equipment, training, guidance and content to ensure you sound
amazing while speaking to your niche audience and networking with
your perfect clients. Get in touch [email protected]

 



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