Construction technology investments surpass 2017
A July report from Jones Lang LaSalle Inc., Chicago, shows during the first half of 2018, investments in construction technology surpassed the previous year's total by 30 percent, according to www.constructiondive.com.
Spending in the construction technology segment reportedly is outpacing overall tech startup investment growth in the U.S. The report states: "It's no mere accident that this uptick in [construction technology] investing coincides with an industry plagued by cost fluctuations, labor shortage issues and overall lack of productivity improvements—creating what many venture capitalists view as a prime opportunity for disruption."
Jones Lang LaSalle estimates construction technology-focused startups will receive funding through about 120 deals by the end of the year.