Construct Capital — 2026 Investments

US Chemical Technologies (USCT) supplies specialty materials and chemicals for the Aerospace & Defense sector, focusing on critical materials and processes for the U.S. industrial base.

Advanced ManufacturingDefense TechNew MaterialsWashington, US

David Glickman(Executive Officer, Director)inDDDan DePaoli(Chief Executive Officer)inIvo Ivanov(Chief Financial Officer)Jonathan Crandall(Chief Operating Officer)inCSChris Sahagun(Chief Technology Officer)inLKLisa Kemp(Head of Research & Development)in

Board seatDayna Grayson· per SEC Form D · $30M raise · filed Jan 2026

Co-investorsCRCRESCENT COVE CAPITAL

Cowboy Space builds a satellite constellation system that provides power and compute infrastructure in low Earth orbit to serve artificial intelligence applications.

AI & Machine LearningEnergySpace TechSan Carlos, US

BBBaiju Bhatt(Founder)in

BoardDaniel Gallagher(Director)

Co-investorsANAndreessen HorowitzBLBlack FlagBLBlossom CapitalBRBrave CapitalBRBreakthrough Energy VenturesDRDragon Capital+13 more

Endurance Energy develops subsea geothermal technology to generate renewable electricity from volcanic activity on the seafloor, providing reliable 24/7 power with minimal environmental footprint for islands, industrial sites, and data centers.

CleantechDeep TechEnergyBoulder, US

Andrew Redd(Founder)in

Co-investorsASAscend Venture CapitalFEFelicis VenturesFIFirst Round CapitalPOPoint72 VenturesRARavelin CapitalRIRiot Ventures+2 more

GALY develops biocrafted alternatives to conventionally extracted materials like cocoa and cotton, positioning grown products as sustainable replacements for industries reliant on extractive supply chains.

AgTechBiotechCircular EconomyFoodTechNew MaterialsBoston, US

LBLuciano Bueno(Founder)inAmancio Ortega. Known for(Founder)Tim Draper(Founder)

BoardCRCarmichael Roberts(Director)inRPRyan Panchadsaram(Director)

Co-investorsAGAgronomicsARArtesianBABabel VenturesBRBreakthrough Energy VenturesBRBrincMAMaterial Impact+19 more

Hadrian offers an offensive security platform that continuously maps an organization's external attack surface, discovers assets, and uses agentic AI to validate which exposures are actually exploitable.

AI & Machine LearningCybersecurityEnterprise SoftwareSaaSAmsterdam, NL

RFRogier Fischer(Co-Founder & CEO)inOBOlivier Beg(Co-Founder & Chief Hacking Officer)inMCMaurice Clin(Co-Founder & Head of Business Development)inTVTijl van Vliet(Co-Founder)in

Co-investorsCACapitalGFOForgePoint CapitalLULux CapitalPIPICUS CAPITALSMSmartFinWAWashington Harbour Partners+9 more

Kibu provides software and educational content for disability service providers supporting people with intellectual and developmental disabilities.

Digital HealthEnterprise SoftwareHealthtechSaaSStamford, US

DCDaniel Caridi(Co-Founder & CEO)in

Co-investorsCOConnecticut InnovationsCUCubit CapitalGRGreyMatter

Podium provides an AI-powered customer engagement platform that automates appointment booking and lead conversion for local businesses across multiple industries, enabling 24/7 customer response and higher conversion rates.

AI & Machine LearningEnterprise SoftwareFintechSaaSLehi, US

EREric Rea(CEO)inDSDennis Steele(Founder)inDallin Palmer(Director of Sales)Kaumana Rindlisbacher(Account Development Manager)Kelsey Jensen(Recruiter)Moe Tompkins(Technical Recruiter)

Co-investorsACAccelALAlbum VCALAlkeon InnovationGVGV (Google Ventures)IVIVP (Institutional Venture Partners)KIKickstart+11 more

Podium manufactures industrial products with a focus on operational efficiency and transparency.

Advanced ManufacturingSaaSBrooklyn, US

JNJamie Niu Serota(Founder)inJBJacob Buser(Founder)in

Co-investorsANAndreessen HorowitzSUSunflower Capital Management FundTRTransitionBABanter Capital

Squadra is a seed-stage venture capital firm that provides hands-on operational support, network connections, and go-to-market help to early-stage startups.

CybersecurityDefense TechBaltimore, US

Co-investorsIRIronGate Capital AdvisorsLULux CapitalRERenegade Partners

Swarm Aero develops UAVs designed for autonomous swarming, using on-aircraft edge compute and a sensor mesh so small teams can coordinate thousands of uncrewed air, sea and ground vehicles in contested, communications-limited environments.

AI & Machine LearningDefense TechRobotics

DGDanny Goodman(Founder)inPKPeter Kalogiannis(Founder)inOliver Palmer(Founder)in

Co-investorsCHChampion Hill VenturesHUHubSpot VenturesMAMaC Venture CapitalSCScribble VenturesSISilent CapitalSTStartX+7 more

Swarm builds uncrewed aerial vehicles (UAVs) designed for swarming, combining on-aircraft autonomy, sensor mesh, and edge compute so small teams can coordinate thousands of air, sea, and ground assets in contested, communications-limited environments.

Defense TechHardwareRoboticsOxnard, US

DGDanny Goodman(Executive Chairman)inOliver Palmer(CRO and co-founder)inPKPeter Kalogiannis(CEO and co-founder)in

Co-investorsALAlumni VenturesCOCoatue ManagementHUHumba VenturesMAMaC Venture CapitalCHChampion Hill VenturesCOCountdown Capital+8 more

SWARM is a decision intelligence platform that helps agrifood and manufacturing organizations solve operational challenges by defining problems clearly before deploying agentic AI and optimization algorithms.

Advanced ManufacturingAgTechAI & Machine LearningData & InfrastructureEnterprise SoftwareFoodTechIrvine, US

John Power(Director)Anthony Howcroft(Executive Officer, Director)Stuart Frost(Executive Officer, Director)

Co-investorsS2S2G InvestmentsHAHarvard Business Angels of ChicagoMIMiddleland CapitalSESerra VenturesVTVTC VenturesALAlumni Ventures+12 more