Brick & Mortar Ventures

Brick & Mortar Ventures is a leading venture capital firm based in San Francisco, California, uniquely focused on investing in technology solutions for the construction, real estate, and infrastructure industries. Founded by Darren Bechtel, the firm has established itself as a critical player in the burgeoning ConTech, PropTech, and InfraTech sectors. They primarily target early-stage companies, typically investing in Seed and Series A rounds, but also participate in follow-on and later-stage opportunities. Their investment thesis centers on identifying innovative software and hardware solutions that enhance productivity, safety, and efficiency across the built world.

What sets Brick & Mortar Ventures apart is its deep industry expertise and extensive network. The firm leverages its strategic relationships with major construction companies, real estate developers, and infrastructure firms, many of whom are also its limited partners. This unique structure allows them to provide unparalleled strategic value to their portfolio companies, offering not just capital but also crucial industry insights, pilot opportunities, and pathways to market adoption. Their hands-on approach helps startups navigate the complex and often traditional landscape of the construction and real estate sectors, accelerating their growth and market penetration.

The firm has demonstrated significant growth in its capital base, successfully raising its second fund, Fund II, at a substantial $350 million. This considerable capital pool underscores their commitment and capacity to support a wide range of transformative technologies within their niche. With over 80 investments to date, Brick & Mortar Ventures has built a diverse portfolio of companies that are reshaping how buildings are designed, constructed, and managed, and how infrastructure projects are executed. Their typical initial investment ranges from $1 million to $10 million, reflecting their focus on providing meaningful capital to early-stage ventures poised for significant impact.