News Summary

Construct Capital, an early-stage venture capital firm based in Washington, D.C., has successfully closed its third fund with $300 million in capital commitments. The firm, founded by Dayna Grayson and Rachel Holt, focuses on investing in startups that apply technology to foundational industries such as manufacturing, logistics, transportation, defense, and energy. This significant capital raise highlights the increasing interest of institutional investors in defense technology and domestic manufacturing, particularly in light of current geopolitical tensions and policy shifts. Construct Capital’s strategy prioritizes early-stage companies using AI, automation, and cloud technology to drive innovation in these sectors. The firm’s portfolio includes companies like Hadrian, which develops software for aerospace and defense manufacturing, and Veho, a logistics firm specializing in last-mile e-commerce delivery.