# Family offices backing Construction (2026 list)

> 27 family offices backing Construction, 81% active in the last 12 months. Led by Hill House Capital, Thrive Capital, Real Ventures. Ranked by what they funded.

Source: https://millionrounds.com/lists/family-offices-construction (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Family offices backing Construction

Updated 7 November 2026

Family offices we have observed in a construction round in the last two years.

[See all 27 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Ffamily-offices-construction)The top 25

**27** investors on the list No change this week

**170** cheques in 12 months *+37%* against the market

**$23M** median round they joined *+188%* against the market median

**81%** wrote a cheque in 12 months

**48%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (22)

- 1 [Hill House Capital](https://millionrounds.com/fund/hill-house-capital) *Deploying now* Family office · Singapore **248** **$60M** median round **Sept 2026** last seen
- 2 [Thrive Capital](https://millionrounds.com/fund/thrive-capital-2) *Deploying now* Family office **240** **$50M** median round **Oct 2026** last seen
- 3 [Real Ventures](https://millionrounds.com/fund/real-ventures-2) *Deploying now* Family office · Brazil **210** **$5M** median round **Oct 2026** last seen
- 4 [Winklevoss Capital](https://millionrounds.com/fund/winklevoss-capital) *Deploying now* Family office · United States **86** **$14M** median round **May 2026** last seen
- 5 [ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital) *Deploying now* Family office · United States **56** **$158M** median round **Oct 2026** last seen
- 6 [Bienville Capital](https://millionrounds.com/fund/bienville) *Deploying now* Family office · United States **49** **$5.8M** median round **Aug 2026** last seen
- 7 [Capricorn Investment](https://millionrounds.com/fund/capricorn-investment-group) *Deploying now* Family office · United States **48** **$110M** median round **Nov 2026** last seen
- 8 [Emerson Collective](https://millionrounds.com/fund/emerson-collective) *Deploying now* Family office · United States **27** **$62M** median round **Oct 2026** last seen
- 9 [Euclidean Capital](https://millionrounds.com/fund/euclidean-capital) *Deploying now* Family office · United States **11** **$65M** median round **Oct 2026** last seen
- 10 [Kibo Invest](https://millionrounds.com/fund/kibo-invest) *Deploying now* Family office · Singapore **11** **$13M** median round **Oct 2026** last seen
- 11 [Armada Investment](https://millionrounds.com/fund/armada-investment) *Deploying now* Family office · Switzerland **8** **$23M** median round **Nov 2025** last seen
- 12 [PI Impact](https://millionrounds.com/fund/pi-impact) *Deploying now* Family office · Netherlands **5** **$22M** median round **Sept 2026** last seen
- 13 [Hillspire](https://millionrounds.com/fund/hillspire-llc) *Deploying now* Family office · United States **4** **$1.1B** median round **Sept 2026** last seen
- 14 [Resilience17](https://millionrounds.com/fund/resilience17) *Deploying now* Family office · Nigeria **4** **$1.5M** median round **Oct 2026** last seen
- 15 [Avenir Group](https://millionrounds.com/fund/avenir-group) *Deploying now* Family office · Hong Kong SAR China **2** **$15M** median round **Oct 2026** last seen
- 16 [RZM Investments](https://millionrounds.com/fund/rzm-investments) quiet Family office · Saudi Arabia **2** **$11M** median round **Feb 2025** last seen
- 17 [Shaper Capital](https://millionrounds.com/fund/shaper-capital) *Deploying now* Family office · United Kingdom **2** **$31M** median round **Jan 2026** last seen
- 18 [Skaala](https://millionrounds.com/fund/skaala) quiet Family office · Estonia **2** **$44M** median round **Sept 2025** last seen
- 19 [Bluesky Equities](https://millionrounds.com/fund/bluesky-equities) *Deploying now* Family office · Canada **1** **$2M** median round **Oct 2026** last seen
- 20 [Durable Capital](https://millionrounds.com/fund/durable-capital) quiet Family office · United States **1** **$500M** median round **Oct 2025** last seen
- 21 [NovaCapital](https://millionrounds.com/fund/novacapital) *Deploying now* Family office · Italy **1** **$8.3M** median round **Feb 2026** last seen
- 22 [Sev.en Global Investments](https://millionrounds.com/fund/sev-en-global-investments) *Deploying now* Family office **1** **$135M** median round **May 2026** last seen
- 23 [Skydeck Capital](https://millionrounds.com/fund/skydeck-capital) *Deploying now* Family office · United States **1** **$10M** median round **Apr 2026** last seen
- 24 [Somerset Capital Partners](https://millionrounds.com/fund/somerset-capital-partners) *Deploying now* Family office · Netherlands **1** **$231M** median round **Sept 2026** last seen
- 25 [Susquehanna Sustainable Investments (SSI)](https://millionrounds.com/fund/susquehanna-sustainable-investments) *Deploying now* Family office · United States **1** **$140M** median round **May 2026** last seen

**2 more on this list**

All 27 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Ffamily-offices-construction)

## The Newest Cheques

Rounds this list's investors joined most recently

- **6** Nov **[Harbinger](https://millionrounds.com/company/harbinger)** Series D+ · $240M *Led by* [Capricorn Investment](https://millionrounds.com/fund/capricorn-investment-group)
- **30** Oct **[Setara Biosciences](https://millionrounds.com/company/setara-biosciences)** Series A · $90M *With* [Euclidean Capital](https://millionrounds.com/fund/euclidean-capital)
- **30** Oct **[Fractile](https://millionrounds.com/company/fractile)** Series C · $700M *With* [Thrive Capital](https://millionrounds.com/fund/thrive-capital-2)
- **28** Oct **[Wealthsimple](https://millionrounds.com/company/wealthsimple)** Growth · $425M *With* [ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital)
- **28** Oct **[Wealthsimple](https://millionrounds.com/company/wealthsimple)** $302M *With* [ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital)
- **26** Oct **[DropGenie](https://millionrounds.com/company/dropgenie)** Seed · $5M *With* [Real Ventures](https://millionrounds.com/fund/real-ventures-2)

## Stages This Year

167 rounds

- Series A **20%**
- Venture **17%**
- Seed **9%**
- Series C **8%**
- Series B **7%**
- Other **40%**

## What They Backed

Sectors, last 12 months

- AI **70**
- Construction **19**
- Fintech **17**
- Biotech **16**
- Healthcare **14**
- Hardware & Electronics **12**

## Cheques by Quarter

Led Joined

27 Q1 25

25 Q2 25

43 Q3 25

51 Q4 25

51 Q1 26

50 Q2 26

30 Q3 26

17 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [VC firms backing AI 4,329](https://millionrounds.com/lists/vc-firms-ai)
- [VC firms backing Fintech 1,856](https://millionrounds.com/lists/vc-firms-fintech)
- [VC firms backing Big Data & Analytics 1,248](https://millionrounds.com/lists/vc-firms-big-data)
- [VC firms backing Biotech 1,207](https://millionrounds.com/lists/vc-firms-biotech)
- [VC firms backing Robotics 1,098](https://millionrounds.com/lists/vc-firms-robotics)
- [VC firms backing Construction 1,025](https://millionrounds.com/lists/vc-firms-construction)
- [VC firms backing Energy 998](https://millionrounds.com/lists/vc-firms-energy)
- [PE firms backing AI 956](https://millionrounds.com/lists/pe-firms-ai)
- [VC firms backing Cybersecurity 950](https://millionrounds.com/lists/vc-firms-cybersecurity)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders in real estate and construction

- The Book of YES: The Ultimate Real Estate Agent Conversation Guide Kevin Ward · 2016 4.10 from 253 ratings on Goodreads Real estate and construction Company building About the book The Book of YES In Kevin Ward's book, you will find the most powerful scripts in the real estate industry today. If you’re tired of the same old sales scripts or if you’ve done away with them all together, I know how you feel because I’ve been there. I was tired of seeing the… On AmazonListen on Audible
- The Book on Investing In Real Estate with No (and Low) Money Down: Creative Strategies for Investing in Real Estate Using Other People's Money Brandon Turner · 2014 4.18 from 2,560 ratings on Goodreads Real estate and construction Innovation Company building About the book COMPLETELY REVISED AND UPDATED Is your lack of cash holding you back from your real estate dreams? Discover the creative real estate financing techniques that savvy investors are using to do more deals, more often. No matter how much money you have in your checking… On AmazonListen on Audible
- Confessions of a Real Estate Entrepreneur: What It Takes to Win in High-Stakes Commercial Real Estate: What it Takes to Win in High-Stakes Commercial Real Estate James A. Randel · 2005 4.13 from 277 ratings on Goodreads Real estate and construction Company building About the book A front row seat into the world of high-stakes commercial real estate investing “A must-read book … one of the best real estate investment books I have ever read. On my scale of 1 to 10, this unique book rates an off-the-charts 12.” ---Robert Bruss Confessions of a Real Estate… On AmazonListen on Audible
- The Public Domain: Enclosing the Commons of the Mind James Boyle · 2008 4.12 from 349 ratings on Goodreads Real estate and construction Innovation About the book In this enlightening book James Boyle describes what he calls the range wars of the information age, today’s heated battles over intellectual property. Boyle argues that just as every informed citizen needs to know at least something about the environment or civil rights, every… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&industry=real_estate).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about family offices backing Construction

### Who are the most active family offices backing Construction?

By cheques observed, the most active are Hill House Capital, Thrive Capital, Real Ventures, Winklevoss Capital and ICONIQ Capital.

### How many family offices backing Construction are there?

27 are on record. 81% made an investment in the last 12 months and 48% have led a round.

### Which stages do family offices backing Construction back?

Of the rounds with a named stage in the last 12 months, mostly Series A (29%) and Seed (13%).

### How big are the rounds family offices backing Construction join?

The typical (median) round among the leading investors here is $31M.

### Which sectors do family offices backing Construction back most?

In the last 12 months, mostly AI, Construction and Fintech.

### Which family offices backing Construction lead the most rounds?

Thrive Capital (18 led), ICONIQ Capital (16 led) and Hill House Capital (3 led).

### Where are family offices backing Construction based?

Among the most active, most are based in the United States (10), Singapore (2) and the Netherlands (2).

### What have family offices backing Construction invested in recently?

Recent rounds include Harbinger (Series D+, Nov 2026, with Capricorn Investment), Setara Biosciences (Series A, Oct 2026, with Euclidean Capital) and Fractile (Series C, Oct 2026, with Thrive Capital).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)