Brick and Mortar

What is Brick and Mortar?

Brick & Mortar Ventures specializes as the first and largest venture capital firm solely dedicated to investing in the AEC (architecture, engineering, and construction) and O&M (operations and maintenance) technology startups that aim to modernize and improve the design, construction, and ongoing maintenance and operation of the built environment.

With a strategic focus on early-stage investments, they target opportunities where their commitment can range from $1,000,000 to $4,000,000, with a sweet spot of around $3,000,000 per investment.

The firm's investment thesis is built around supporting the commercialization of emerging technologies to create a more cost-effective, safer, and productive industry, which is amongst the world's largest by any measure. Their portfolio includes over sixty past and present investments, with successful cases like PlanGrid, Levelset, Fieldwire, and BuildingConnected.

Brick & Mortar Ventures is backed by an impressive list of global industry stakeholders including Ardex, Autodesk, Cemex, United Rentals, Hilti, Obayashi, and Sidewalk Labs (a Google sister company). The firm was announced in 2019 and started with a $100 million fund.

The team consists of industry experts like founder Darren Bechtel, who brings a rich heritage in engineering and construction technologies, and partners such as Kaustubh Pandya, Curtis Rodgers, Austin Yount, and Guillaume Bazouin, each adding their unique strategic and operational expertise.

Their cumulative experience ranges from advising top-tier construction firms to fostering innovation and entrepreneurship within global construction and infrastructure conglomerates.

Integral to their approach is the collaboration between skilled talent and industry leaders to reduce the cost and risk of capital projects, contributing to a cleaner and more productive construction industry.