Making Technology Work for You

Boston – Suffolk Technologies, Suffolk’s built environment venture capital firm, announced two recent recognitions.

The firm has been named the number one most active construction tech VC investor, outpacing 15 of its competitors in the latest market research from global tech-focused investment bank AGC Partners. Topping the AGC list of active investors between 2018 and 2022, Suffolk is credited with 21 investments, notably its $14 million 2019 investment in OpenSpace. Founded in 2019 – one year into the five-year data set reviewed by AGC research – Suffolk Technologies includes a broad network of over 2,000 startups, investors, trade partners and strategic partners.

“This ranking further validates Suffolk’s commitment to supporting built world innovation and our leadership in the venture capital landscape,” said John Fish, chairman and CEO of Suffolk. “Suffolk Technologies remains firmly rooted in Suffolk’s mission to connect high potential startups with industry resources to accelerate modernization and innovation in construction.”

Suffolk Technologies was also recently selected as a top organization in GlobeSt. Real Estate Forum’s Influencers in CRE Technology 2023 awards, which honor innovative CRE tech professionals, organizations and teams whose industry advancements are furthering practices and promoting efficiencies. The awards also highlight experts that have impacted the CRE marketplace through new and/or improved technology applications.

Suffolk Technologies’ platform invests in early and growth-stage startups transforming the built world across real estate and development, architecture, engineering and construction, property management, and smart cities. Since 2019, it has backed companies across automation and robotics, supply chain marketplace, sustainability, financial technology, and smart building themes.

Suffolk Technologies’ BOOST program, an intense 6-week program to help promising startups develop digital solutions to address labor, supply chain, design, sustainability and automation goals, kicked off three years ago. Past cohorts of the BOOST program have collectively raised more than $325 million of venture funding after participating in the program.

“The built environment, spanning real estate and construction, has an opportunity to improve dramatically in the areas of productivity, affordability, and sustainability with the help of new technology solutions,” said Wan Li Zhu, co-founder and managing director at Suffolk Technologies. “Suffolk Technologies applies an ecosystem-based venture capital approach that brings industry resources to high potential startups, with the goal to lower the barriers to adoption of emerging innovations across the value chain. We are honored to be recognized by the GlobeSt. Real Estate Forum as one of the leaders in CRE technology.”