The construction sector is being reshaped by a new generation of technology-focused companies.
The group includes The Boring Company, valued at $7B for its work on underground transport. Other companies like EquipmentShare have raised $3.5B, while India's Infra.Market has reached a $3B valuation.
Below is the full list of 8 Construction unicorn startups at this time.
Top 8 Most Valuable Construction Unicorns
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Get the Sheet for $50The Boring Company builds underground transportation systems designed to eliminate traffic in major cities. They create these high-speed, all-electric tunnel networks, known as Loops, using their own advanced boring technology to reduce construction time and cost.
| Valuation | $7B (Joined April 2022) |
| Headquarters | Pflugerville, Texas, United States |
| Year Founded | 2016 |
| Founders | Elon Musk |
| Funding Amount | $908M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | Craft Ventures, K5 Global, Founders Fund, Sequoia Capital, Valor Equity Partners |
Infra.Market has built a B2B e-commerce platform focused on streamlining the supply chain for construction materials. They offer a centralized marketplace for items like cement and steel, using technology to bring efficiency to the procurement process for construction projects.
| Valuation | $3B (Joined February 2021) |
| Headquarters | Thane, Maharashtra, India |
| Year Founded | 2016 |
| Founders | Aaditya Sharda, Souvik Sengupta |
| Funding Amount | $980.8M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series G |
| Top Investors | Tiger Global Management, InnoVen Capital, Accel, Foundamental, Nexus Venture Partners |
ICON develops construction technology that uses 3D robotics, software, and advanced materials to print homes. They are known for building resilient structures faster and more affordably than traditional methods.
| Valuation | $2B (Joined February 2022) |
| Headquarters | Austin, Texas, United States |
| Year Founded | 2017 |
| Founders | Jason Ballard |
| Funding Amount | $507.5M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | 8VC, Tiger Global Management, Bond, Norwest, Capital Factory |
Built Technologies develops cloud-based software designed to streamline the construction and real estate lending process. Their platform connects lenders, owners, and contractors, helping to manage project funds and improve collaboration from start to finish.
| Valuation | $2B |
| Headquarters | Nashville, Tennessee, United States |
| Year Founded | 2014 |
| Founders | Andrew Sohr, Chase Gilbert, Scott Sohr |
| Funding Amount | $312.7M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Addition, Citi, Canapi Ventures, Index Ventures, XYZ Venture Capital |
Nexii designs and manufactures building components for the rapid assembly of sustainable, cost-efficient buildings. Their system uses a proprietary material, Nexiite, to create precision-manufactured panels that significantly reduce construction timelines and environmental impact.
| Valuation | $2B |
| Headquarters | Vancouver, British Columbia, Canada |
| Year Founded | 2019 |
| Founders | Ben Dombowsky, Michael Dombowsky, Stephen Sidwell |
| Funding Amount | $152.5M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Trane, Horizon Technology Finance, Honeywell, Ben Franklin Technology Partners of Northeastern Pennsylvania, Trinity Capital |
EquipmentShare builds technology and provides rental equipment to help construction companies manage their fleets and job sites. Their T3 platform offers a comprehensive solution for tracking assets, which helps contractors increase productivity and reduce downtime.
| Valuation | $1B |
| Headquarters | Columbia, Missouri, United States |
| Year Founded | 2015 |
| Founders | Brad Siegler, Jabbok Schlacks, Jeffrey Lowe, Matthew McDonald, William Schlacks |
| Funding Amount | $3.5B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series E |
| Top Investors | Y Combinator, BDT & MSD Partners, Insight Partners, Tiger Global Management, Gaingels |
JSW One provides a comprehensive B2B platform for small and medium-sized businesses to procure steel and other essential raw materials. Their service simplifies the complex supply chain for MSMEs, offering a transparent and efficient way to manage construction and manufacturing needs.
| Valuation | $1B |
| Headquarters | Mumbai, Maharashtra, India |
| Year Founded | 2020 |
| Founders | — |
| Funding Amount | ₹7.8B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series B |
| Top Investors | State Bank of India, Principal Asset Management, Mitsui & Co, JSW Steel, International Conveyors |
Chint New Energy develops and operates clean energy solutions, specializing in large-scale solar power projects. Their team handles the full project lifecycle, including development, construction, and long-term operational services for their clients.
| Valuation | $1B |
| Headquarters | Hangzhou, Zhejiang, China |
| Year Founded | 2009 |
| Founders | — |
| Funding Amount | CN¥1.5B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series B |
| Top Investors | Zhaoxi Capital, Yunhao Capital, CICC Capital, Hillhouse Investment |