Construct Capital raises $300M fund for defense and manufacturing tech

Construct Capital, an early-stage venture capital firm that invests in startups applying technology to sectors like manufacturing, transportation, and defense, has closed its third fund with $300 million in capital commitments.

The Washington, D.C.-based firm previously raised a $225 million second fund and a $75 million capital pool for later-stage companies in 2022.

While many emerging managers are struggling to raise fresh funds, Construct’s capital haul underscores institutional investors’ interest in backing VCs focused on the…