Suffolk Technologies has once again claimed the top spot as the most active investor in Construction Technology (ConTech), according to AGC Partners’ latest Construction Technology Sector Update. This marks the second consecutive year the Boston-based venture capital firm has earned this distinction, reinforcing its leadership in driving innovation within the built environment.
Founded in 2019 as the venture arm of Suffolk Construction, Suffolk Technologies has rapidly expanded its influence across the ConTech, PropTech, and InfraTech sectors. With 55 startups in its portfolio, the firm is reshaping how the world designs, builds, and operates physical infrastructure. “To be recognized by AGC Partners as the most active investor in the space is a direct result of our commitment to being the best innovation partner to startup founders and to industry stakeholders in search of new solutions,” said Wan Li Zhu, Co-Founder and Managing Partner of Suffolk Technologies.
Following the successful close of a $110 million fund in 2023, Suffolk Technologies has aggressively expanded its investment platform. The firm supports early-stage startups targeting every phase of the construction lifecycle. Notable portfolio companies include:
* **OpenSpace**: Reality capture and AI for job site documentation
* **Kojo**: Procurement management for specialty trades
* **EquipmentShare**: Equipment rental and fleet management technology
* **Handle**: Financial technology for lien management and cash flow
* **Kaya AI**: AI-powered supply chain visibility
* **Trayd**: Back-office automation for subcontractors
* **Sublime Systems**: Low-carbon building materials
* **Paces**: Clean energy project acceleration
* **nPlan**: Predictive analytics for project risk
Beyond capital, Suffolk Technologies supports founders through its BOOST accelerator, offering hands-on mentorship, real-world pilot opportunities, and access to Suffolk Construction’s operations. The firm’s BOLT Network—a curated group of builders, owners, and tech leaders—connects startups with potential customers and decision-makers, helping to bridge the industry’s innovation adoption gap.
AGC Partners’ report highlights key market forces reshaping the construction and infrastructure sectors in 2025, all areas where Suffolk Technologies is making significant bets:
* **Supply Chain Disruption**: Material shortages and logistics bottlenecks are driving demand for AI-powered tools like Kaya AI.
* **Construction FinTech**: Payment and financing inefficiencies are being addressed by solutions like Handle, which streamline cash flow and lien processes.
* **Skilled Trade Modernization**: As the workforce ages and labor becomes scarce, platforms like Trayd and Kojo offer critical operational efficiency.
* **Infrastructure Boom**: Major capital projects and clean energy initiatives are spurring demand for scalable innovation, supported by firms like Sublime Systems, Paces, and nPlan.
With advances in artificial intelligence, automation, and data integration reshaping traditional workflows, Suffolk Technologies is poised to lead the next wave of innovation across the construction and infrastructure industries. “The application of AI to the physical, built world will create the most palpable changes of our lifetime,” Zhu added. “We’re proud to partner with the visionary founders building those solutions today.”
As the construction sector faces growing complexity and rising demand for sustainability, Suffolk Technologies’ unique position—at the intersection of venture capital, field-tested innovation, and deep industry insight—continues to drive transformation at scale.