Top Construction Startups to Watch (and Work for) in 2023

• As of July 2023, Northspyre has facilitated over $7.5 billion in complex projects, up from $44 billion in February 2022.

• As of July 2023, Northspyre claims customers are seeing an 80% increase in efficiency with administrative tasks and a 66% reduction in project overruns.

• As of February 2022, Northspyre reported 6x growth since May 2020, 91% growth margins, 130% net revenue retention, and 130 customers.

• As of October 2021, Cover can build and install their backyard homes within 30 days.

• As of October 2021, Cover has built ~20 backyard homes.

• As of September 2022, Kojo has saved its customers $19 million+ on material orders and reduced up to 90% of waste left over on their jobs.

• As of September 2022, Kojo reported 3.5x growth in ARR over the previous year.

• As of September 2022, Kojo reported 12x user growth over the previous 18 months.

• As of September 2022, Kojo has powered nearly 10,000 construction projects and processed $1 billion+ of materials from thousands of users.

• As of August 2021, Kojo reported 760% YoY ARR and 6x user growth.

• As of August 2021, Kojo was processing $140 million in annualized materials volume.

• As of July 2023, Alice Technologies reported customers are seeing a 17% reduction in project duration, 14% savings in labor costs, and 12% savings in equipment costs.

• In 2021, Alice Technologies reported a 270% increase in ARR.

• Alice Technologies’ customers include Capital Concrete, The Beck Group, Implenia, Align Builders, and Hawaiian Dredging Construction Company.

• In November 2022, ICON won a $57.2 million NASA contract to develop a lunar surface construction system.

• As of August 2021, ICON reported nearly 400% YoY revenue growth since inception.

• As of August 2021, ICON has delivered ~24 homes across the US and Mexico.

• As of July 2023, Cosuno reported 180,000+ qualified subcontractors on the platform, a 60% time savings through the automation of manual processes, 50% higher response rates through easy bidding, and a 25% increase in contract award profit due to more bids.

• As of February 2022, Cosuno reported that the platform had processed $4 billion in construction volume.

• As of February 2022, Cosuno claims construction companies can increase profit margins by 18% on average.

• As of July 2023, Ambar Tech has 600,000 homes with their solution, 2.5 million people impacted, and 1,500 simultaneous works.

• As of July 2023, Ambar Tech customers include Helbor Empreendimentos S.A., Tecnisa S.A., and Gafisa.

• As of December 2021, Ambar Tech has 467 active clients.

• As of January 2023, Mosaic is operational in seven states: Arizona, California, Colorado, Texas, Idaho, Nevada, and Florida.

• As of November 2021, Mosaic has completed 160 homes, with 195 under construction, and plans to build 400 homes over the next two years.

• As of July 2023, Bridgit claims it has cut meetings by 50% and prep by 84%.

• Bridgit customers include Boldt, DeAngelis Diamond, Rogers-O’Brien, Wohlsen, Sellen, Schimenti, Cauldwell Wingate, and Columbia Construction Co.

• In 2021, Bridgit reported a 125% increase in YoY revenue and 1,800 more users.

• In 2021, Bridgit added 9,700 projects to Bridget Bench and onboarded 60 more general contractors, including 27 of the top ENR 400 contractors in 2020.

• As of 2021, around ~20% of the ENR 400 contractors use Bridgit Bench.

• In 2020, Bridgit’s revenue grew by 2.5x.

• As of June 2022, Pulley reported a 30% increase in construction volume in their closed beta across Texas over the past two years.

• As of June 2022, Pulley claims its software increases the speed of getting permits by 10x over traditional methods.

• As of July 2023, 1build tracks 68 million data points on live construction materials.

• As of July 2023, 1build covers 3,000+ US counties and 25,000+ unique items and assemblies.

• Between April 2021 and September 2021, 1build reported a 10x increase in subscription revenue.

• As of July 2023, Doxel has tracked and counted 84 million installations with its software.

• As of August 2021, Doxel claims its software has helped customers come in up to 11% below budget on construction projects and increase productivity by an average of 38%.

• Briq customers are general and specialty contractors between $10 million and $1 billion in revenue, including ACME Constructors, Shamrock Electric, SphereNY, Vantage Builders, Bryan Builders, and Fessler & Bowman.

• As of June 2021, Briq manages and forecasts ~$30 billion in construction volume for 150 customers.

• Between January 2020 and June 2021, Briq reported a 200% growth in ARR.

• As of July 2023, Assignar has 850+ customers, including NPW Contracting, Force Civil Solutions, OE Construction, and The Barricade Company.

• As of July 2023, viAct claims customers are seeing 95% fewer accidents, 70% less manpower cost, and 1 million USD in cost savings per injury case when using their software compared to not using it.

• As of March 2021, viAct has 30 customers in Asia and Europe.

• As of July 2023, UpCodes has 700,000+ monthly active users, up from 500,000 in March 2021.

• As of July 2023, UpCodes has 1,000+ organizations using the product, including UCLA, the City of Oakland, NBCUniversal, the City of Cupertino, Veev, the City of Fresno, and the City of Berkeley.

• As of July 2023, UpCodes has 5.2 million sections of code, 1,700 state and city codes, 160,000+ local amendments, 1,200+ detailed code diagrams, and 7,000 sections updated monthly on average.

• As of May 2023, UpCodes has served over 100 million page views.

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• As of June 2023, Aldagram has 20,000+ customers in 10 countries, up from 10,000 in November 2022 and 5,000 in March 2022.

• As of May 2023, PermitFlow has supported permitting for $600 million worth of projects and 2,000+ housing units across California, Florida, and Texas.

• As of May 2023, PermitFlow reported 4x revenue growth in the past year.

• As of May 2023, Carbonaide believes its technology can halve the CO2 emissions of traditional Portland cement concrete.

• As of July 2023, Beam is still building its payment solution and is actively taking emails for its waitlist for early access.

• As of March 2023, Beam claims it charges lower than PayPal or Zelle.

• As of July 2023, Plant Prefab claims it’s modeling technology and best-in-class manufacturing techniques allow them to build 20-50% faster than site-based methods.

• As of December 2022, Plant Prefab’s 62,000-square-foot facility in Rialto, California, and 270,000-square-foot factory in Tejon Ranch, California, allows them to produce ~40 homes yearly.

• In 2021, Plant Prefab reported $16 million in revenue.

• In 2020, Plant Prefab homes performed, on average, 30% better than California Title 24 energy efficiency standards.

• As of July 2023, Veev claims their homes produce 50% fewer CO2 emissions, are completed 12x faster than traditional methods, and command a 17% higher market price premium when sold.

• As of March 2022, Veev expects production to be 382% higher in 2022 than in 2021 and reach profitability within two years.

• In May 2023, Modulous introduced its software, Tessa, which provides development certainty on what can be built at what cost on any site in seconds.

• As of July 2023, Atmos is only currently in North Carolina.

• As of November 2022, the average cost to build a house through Atmos is $225/square foot.

• As of July 2023, Factory OS reported it’s 20-40% less expensive and 40-50% faster than traditional methods of home building construction.

• In 2017, Alphabet ordered 300 apartment units from Factory OS.

• As of July 2023, GlobalFair has 7 categories, 1,500+ total SKUs, 1,000+ orders delivered, 5,000+ containers shipped, and 1 million+ square feet covered.

• As of October 2022, GlobalFair reported 100+ contractors and retail customers.

• As of May 2023, Disperse has worked on 130+ customer projects, including Mace, Hines, AECOM, Multiplex, Lodha, Canary Wharf Group, Sisk Group, and Gilbane.

• As of May 2023, Disperse claims its planning tool, Lookahead, helps construction teams plan 4x faster.

• 011h completed a project for Renta Corporación where the embodied carbon of the building was reduced by 90% and construction timelines by 35%.

• As of July 2022, 011h reported 3 more large projects were commissioned after they completed the one for Renta Corporación.

• Adaptive customers include Riverside Homes, Pine State Construction Group, Resonate Homes, Green Way Homes, Roost Custom Homes, Junkans Construction, and Springdale Custom Builders.

• As of July 2023, BeamUP claims customers see a 2x ROI within six months.

• As of March 2022, BeamUP reported that it anticipates an increase in revenue of 800% in 2023 over 2022.

• As of July 2023, Weaver has rated 4.8/5 stars from 34 Google Reviews.

• As of March 2022, Weaver’s marketplace has processed $120 million of construction with an average project value of $160,000.

• In 2021, Weaver reported orders on the platform grew by 2.6x over the previous year.

• As of July 2023, Mighty Buildings reported 3x faster construction time, 99% less waste generated by its 3D printing process compared to traditional methods, and its building materials were 4x more tensile and flexible strength than concrete.

• As of July 2023, Mighty Buildings has automated 80% of its production operations and uses 60% recycled materials.

• In Q2 2021, Mighty Buildings reported $7 million in total contracted revenue.

• Odin manages construction for the Hudson Yards project, which has 20,000+ workers and 700+ contractors onsite. 

• As of June 2023, XBuild is running a closed pilot.

• As of July 2023, Kewazo claims its LIFTBOT can save 40-70% of labor costs (based on 28 construction projects) and be installed in 20 minutes.

• Kewazo customers include Bassenberg & Schwarting GmbH, Bilfinger arnholdt GmbH, and MJ Gerüst.

• In 2022, Toggle Robotics launched a robotics and automation-focused rebar facility in a 50,000-square-foot prefab facility that serves customers in renewable energy, infrastructure, and urban high-rise segments.

• As of June 2023, Homebound operates in six markets: Houston, Dallas, Austin, Boulder Country, North Hollywood, and Santa Rosa.

• Siteline customers include Bay City Mechanical, Industrial Commercial Systems, Architectural Glass & Aluminum, Vallencourt Construction Co., Washington Iron Works, and Canvas Construction.