Global construction is one of the world's largest markets: valued at $12.6T in 2018 and expected to grow to $18.8T by 2022. However, it's one of the least digitized sectors, second only to farming.
Currently, the building industry invests less than .5% of its value into R+D. We want to invest more to bring breakthrough innovations to those who need them most.
Years of practicing in the field we’re investing in allow us to have a strong insight into whether a solution can make a difference.
To bring innovation to the construction industry we have identified six market-driven categories for investment: BIM & Digital twins, Finance, Project & Job Site Management, Supply Chain Optimization, Industrialized Construction (3D printing, modular, prefab), Artificial Intelligence & Machine Learning.
New Story, a nonprofit in the affordable housing sector founded by Alexandria and Brett, invested in ICON 3D Technologies pre-seed in 2017. Together, they worked to create a proof of concept house in Austin, Texas, which was revealed in early 2018 as the first permitted 3D printed home in the world. The feat created global attention, generating over one billion media impressions.
By 2019, New Story and Hometeam Ventures co-founders, Alexandria and Brett, worked with ICON to produce a high-impact, first-of-a-kind community of 3D printed homes in Mexico. This showcase of ICON’s technology supported the company’s growth, public profile, recruiting, and Series A fundraise. Most importantly, the project is a case study in the business opportunity of using emerging technology for significant, pressing needs.