# Construct Capital: portfolio, investments and team

> Construct Capital is a vc firm based in United States. 49 investments on record, 18 in the last 12 months, latest Oct 2026.

Source: https://millionrounds.com/fund/construct-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Construct Capital

Last cheque observed Oct 2026; 49 cheques on record.

Email

Deploying now New fund $150M, Aug 2026 VC firm

Pre-seed Seed Series A Collaboration Tools Industrial Industry 4

Follow Construct Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fconstruct-capital)

Deploying now

**78%** of best year **18** **cheques in 12 months**, 49 on record

Since the last cheque **2** days **00** hrs **00** min **00** sec

Median round **$17M** Cheque size, as they say **$2.0M – $6.0M** Rounds led **4 of 49** Sole investor **1 rounds** Mostly in **United States, 84%**

Pitch Construct Capital

## Construct Capital highlights

- 01 18 cheques in the last 12 months
- 02 Mostly Series A and Seed: 60% of its rounds
- 03 Sole investor in 1 rounds, median $3.5M

## What they do

> Filed 1 private fund offering with the SEC, the most recent in 2022-01 From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $2.0M – $6.0M as they say
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Collaboration Tools Industrial Industry 4
- **Based in:** Washington, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **49 appearances**

- **2026** 17 rounds
- **Oct** **[Dulo](https://millionrounds.com/company/dulo)** Seed · US · Silicon Angle **$130M** With 11 others
- **Oct** **[Polygrade](https://millionrounds.com/company/polygrade)** Google News search **$6.3M** With 2 others
- **Sept** **[BackOps](https://millionrounds.com/company/backops)** Series B · US · Ventureburn **$42M** With 4 others
- **Jul** **[ChargeLab](https://millionrounds.com/company/chargelab)** Grant · CA **$400K** With 2 others
- **Jun** **[Copia Automation](https://millionrounds.com/company/copia-automation)** US · AlleyWatch **$26M** With 7 others
- **Jun** **[Endurance Energy](https://millionrounds.com/company/endurance-energy)** Series A · US · TechCrunch **$54M** With 7 others
- **Jun** **[Podium Automation](https://millionrounds.com/company/podium-automation)** Series A · US **$18M** With 2 others
- **Jun** **[GrailPay](https://millionrounds.com/company/grailpay)** Series A · US **$11M** With 2 others
- **May** **[Amca](https://millionrounds.com/company/amca)** Series B · US · Ventureburn **$300M** With 6 others
- **May** **[Cowboy Space Corporation](https://millionrounds.com/company/cowboy-space-corporation)** Series B · US · TechCrunch **$275M** With 6 others
- **May** **[Verve Motion](https://millionrounds.com/company/verve-motion)** Venture · US **$13M** With 3 others
- **Apr** **[Shade](https://millionrounds.com/company/shade)** Seed · US · TechCrunch **$14M** *Led*
- **Apr** **[Kibu](https://millionrounds.com/company/kibu)** Seed · US **$11M** With 1 other
- **Mar** **[BackOps](https://millionrounds.com/company/backops)** Series A · US · Ventureburn **$26M** With 3 others
- **Mar** **[Swarm Aero](https://millionrounds.com/company/swarm-aero)** Series A · US **$35M** With 4 others
- **Feb** **[Didero](https://millionrounds.com/company/didero)** Series A · TechCrunch **$30M** With 5 others
- **Jan** **[Nexxa.ai](https://millionrounds.com/company/nexxa-ai)** Seed **$9.0M** With 2 others
- **2025** 14 rounds
- **Dec** **[Hadrian](https://millionrounds.com/company/hadrian)** Growth · NL **$131M** With 4 others
- **Oct** **[Vammo](https://millionrounds.com/company/vammo)** Series B · BR · LatamList **$45M** With 9 others
- **Sept** **[Nauta](https://millionrounds.com/company/nauta)** Seed · US · TechStartups **$7.0M** *Led*
- **Sept** **[Amplio](https://millionrounds.com/company/amplio)** Series A · US **$11M** With 4 others
- **Sept** **[Sphere Semi](https://millionrounds.com/company/sphere-semi)** Venture · US **$12M** With 5 others
- **Aug** **[AI Optics](https://millionrounds.com/company/ai-optics)** US · AlleyWatch **$15M** *Led*
- **Jul** **[Hadrian](https://millionrounds.com/company/hadrian)** Series C · US · Crunchbase News **$260M** With 7 others
- **Jul** **[Laminar](https://millionrounds.com/company/laminar)** Series A · CA **$12M** With 5 others
- **Jul** **[Folio](https://millionrounds.com/company/folio)** Series A · US **$14M** With 2 others
- **Jul** **[H2Ok Innovations](https://millionrounds.com/company/h2ok-innovations)** Series A · US **$12M** With 5 others
- **Jun** **[GrailPay](https://millionrounds.com/company/grailpay)** Seed · US · AlleyWatch **$6.7M** *Led*
- **May** **[Arkestro](https://millionrounds.com/company/arkestro)** Series B · US **$36M** With 5 others
- **Apr** **[Amca](https://millionrounds.com/company/amca)** Seed · US **$77M** With 4 others
- **Mar** **[Chef Robotics](https://millionrounds.com/company/chef-robotics)** Debt · US **$23M** With 4 others
- **2024** 10 rounds
- **Dec** **[Telegraph](https://millionrounds.com/company/telegraph)** Venture · US **Undisclosed** With 4 others
- **Nov** **[Advex AI](https://millionrounds.com/company/advex-ai)** Seed · US **$3.5M** With 2 others
- **Nov** **[Impilo](https://millionrounds.com/company/impilo)** Series A · US **$12M** With 2 others
- **Oct** **[Earthbond](https://millionrounds.com/company/earthbond)** Pre-seed · NG · Disrupt Africa **$200K** With 9 others
- **Sept** **[Outgo Inc](https://millionrounds.com/company/outgo-inc)** Debt · US **$50M** With 3 others
- **Aug** **[The Rounds](https://millionrounds.com/company/the-rounds)** Series B · CA **$24M** With 6 others
- **Jun** **[Kinetic Automation](https://millionrounds.com/company/kinetic-automation)** Series B · US **$21M** With 3 others
- **Mar** **[DBOS, Inc.](https://millionrounds.com/company/dbos-inc)** Seed · US **$8.5M** With 1 other
- **Mar** **[Monaire](https://millionrounds.com/company/monaire)** Seed · US **$3.5M** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **3 named**

DG **Dayna Grayson** Managing Director of the General Partner i Filing they signed

KK **Kirby Kevin Bartlett** COO & CFO i Form ADV

RH **Rachel Holt** Managing Director of the General Partner i Filing they signed

We also hold **6** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$895M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Construct Capital Management, LLC
- **SEC number:** CRD 310594

Who backs their funds

## 1 LP on record in Construct Capital's funds

- **Funds:** 1

The institutions that put money into its funds, which the firm then invests in companies. Source: an LP list.

- [**Blue Future Partners** 1 fund](https://millionrounds.com/fund/blue-future-partners) Fund Vintage Committed Construct Capital - -

New fund on file

**$150M**

raised in Aug 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$17M** the round, not its cheque Alone, median **$3.5M**

Led 4 of 49 rounds **8%**

- **Said size:** $2.0M – $6.0M
- **Sole investor:** 1 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Series A said *16*
- Seed said *10*
- Series B said *10*
- Venture *3*
- Pre-seed said *2*
- Debt *2*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Lux Capital](https://millionrounds.com/fund/lux-capital) 8
- [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 7
- [Founders Fund](https://millionrounds.com/fund/founders-fund) 6
- [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) 5
- [Bling Capital](https://millionrounds.com/fund/bling-capital) 4
- [BoxGroup](https://millionrounds.com/fund/boxgroup) 3

**Pitching Construct Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Construct Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Lux Capital** VC firm **8** rounds together](https://millionrounds.com/fund/lux-capital)[**Andreessen Horowitz** VC firm **7** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**Founders Fund** VC firm **6** rounds together](https://millionrounds.com/fund/founders-fund)[**Alumni Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Bling Capital** VC firm **4** rounds together](https://millionrounds.com/fund/bling-capital)[**BoxGroup** VC firm **3** rounds together](https://millionrounds.com/fund/boxgroup)[**First Round Capital** VC firm **3** rounds together](https://millionrounds.com/fund/first-round-capital)[**Flybridge** VC firm **3** rounds together](https://millionrounds.com/fund/flybridge)[**Plug and Play** Accelerator **3** rounds together](https://millionrounds.com/fund/plug-and-play)[**Slow Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/slow-ventures)[**Techstars** VC firm **3** rounds together](https://millionrounds.com/fund/techstars)[**10vc** VC firm **2** rounds together](https://millionrounds.com/fund/10vc)

## Recently backed

The latest companies Construct Capital put money into.

[**ChargeLab** $400K · Jul 2026](https://millionrounds.com/company/chargelab)[**Copia Automation** $26M · Jun 2026](https://millionrounds.com/company/copia-automation)[**Endurance Energy** $54M · Jun 2026](https://millionrounds.com/company/endurance-energy)[**Podium Automation** $18M · Jun 2026](https://millionrounds.com/company/podium-automation)[**GrailPay** $11M · Jun 2026](https://millionrounds.com/company/grailpay)[**Amca** $300M · May 2026](https://millionrounds.com/company/amca)

## Mentioned on podcasts

Episodes that name Construct Capital in their description, not their title.

- [The Full Ratchet](https://millionrounds.com/podcasts/full-ratchet) 19 Jul 2021 · 42 min 291. Competing with Amazon, Combatting 60% Talent Attrition, and Driving Transformation of Foundational Industries (Dayna Grayson & Rachel Holt) With [Dayna Grayson](https://millionrounds.com/person/dayna-grayson)[Rachel Holt](https://millionrounds.com/person/rachel-holt) Mentions [Construct Capital](https://millionrounds.com/fund/construct-capital) Apple PodcastsShow page

## Quick answers about Construct Capital

### What does Construct Capital invest in?

Construct Capital invests most often at Series A and Seed (60% of the rounds on record), in sectors such as Collaboration Tools, Industrial and Industry 4.

### How active is Construct Capital?

49 investments on record, 18 of them in the last 12 months, and it led 4. The most recent was in Oct 2026.

### What has Construct Capital invested in recently?

Its most recent investments on record: Dulo (Seed, Oct 2026), Polygrade (Oct 2026) and BackOps (Series B, Sept 2026).

### How big are Construct Capital's cheques?

The median round it joins is $17M. It says it writes cheques of $2.0M to $6.0M.

### Does Construct Capital lead rounds?

Sometimes: it led 4 of its 49 investments on record (8%).

### Where does Construct Capital invest?

Most of the companies it backs are in the United States (84%) and Canada (8%).

### Is Construct Capital investing now?

Yes: it is actively investing, with 18 investments in the last 12 months.

### Who does Construct Capital invest alongside?

Most often Lux Capital (8 rounds together), Andreessen Horowitz (7 rounds together) and Founders Fund (6 rounds together).

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