BOSTON— Suffolk Technologies has once again secured its place at the forefront of construction innovation, earning the title of most active investor in Construction Technology (ConTech) in AGC Partners’ newly released Construction Technology Sector Update.
This marks the second consecutive year the Boston-based venture capital firm has received the top ranking, underscoring its continued leadership in shaping the future of the built environment.
Founded in 2019 as the venture arm of nationally recognized builder Suffolk, Suffolk Technologies has rapidly scaled its influence across the ConTech, PropTech, and InfraTech landscapes, backing 55 startups that are transforming 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.
Scaling Innovation Through Strategic Investment
Following the successful close of a $110 million fund in 2023, Suffolk Technologies has aggressively expanded its investment platform, supporting early-stage startups that target every phase of the construction lifecycle. Standout 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
Accelerators and Ecosystem Building
Beyond capital, Suffolk Technologies supports founders through its BOOST accelerator, providing hands-on mentorship, real-world pilot opportunities, and access to its parent company’s construction operations. The firm’s BOLT Network—a curated group of builders, owners, and tech leaders—connects startups directly with potential customers and decision-makers, helping to bridge the industry’s innovation adoption gap.
Trends Reshaping the Industry
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.
