Two lifelong construction-tech investors raised $148 million, then handed their startups something rarer than money - a rolodex of the general contractors, builders, and design firms who become their first customers.
IMT Residential grew from 62 apartments and one employee into a nine-state operator by treating the unglamorous details - maintenance calls, team training and online reviews - as the product. Its new Citrus Commons development shows what happens when that operating discipline meets architecture.
Volley Automation builds AI-enabled robotic parking systems that use fleets of autonomous guided vehicles (AGVs) and proprietary control software to shuttle cars into optimized storage inside garages. The result is up to 2x denser parking, no below-grade digging, valet-like convenience without attendants, and lower embodied carbon than a conventional concrete ramp garage. Founded in 2018 and now headquartered in Denver, Volley works with developers on projects across New York, Nashville, California, Florida and Massachusetts.
Vessel Technologies is a New York-based housing product company that designs, manufactures, and franchises attainably priced apartment buildings for the 'missing middle' - working people who earn too much for subsidized housing and too little for market-rate rents. Using a panelized, IKEA-style off-site construction system, Vessel builds all-electric, solar-powered, universally accessible apartments that fit on small urban lots and go up in under a year for a fraction of conventional cost.