Construct Capital Management, LLC
Construct Capital is an early stage venture capital firm, investing in founders who are reimagining the foundational industries of our economy.
In the firm's own words, from its website.
37 additional co-investors and affiliates, 47 additional investments, funds and LPs, 6 events, 7 verified contacts (6 published business email, 1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 2 vehicleson Form D, 18 months
$150M reported sold so far.
A Form D is filed when a vehicle takes its first money, so these are open to LPs now.
- 3 companiesnew in 12 months
3 new companies in the last 12 months.
A firm writing cheques this quarter is one a founder can pitch now.
- 4 companiesportfolio raising
4 portfolio companies have new financing on record in 6 months without this firm named on the round; the latest on 6 Aug 2026 ($1.37B round).
A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.
- 3 dealswith Scribble Ventures Management
Invests most often alongside Scribble Ventures Management (3 shared deals) and Shrug (2 shared deals).
pair last observed on record 16 Sep 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →
People to know
View all people- ManagerWhy: Named with investment responsibilityNo route on file yet
- ManagerWhy: Named with investment responsibilityNo route on file yet
Relationship network
100 connected entities4 observed rounds1 repeat counterparty
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Construct Capital Management, LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Construct Capital Management, LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
43 companies on record, 3 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Advex | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Firm website |
| AMCA | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Firm website |
| Amplio | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Firm website |
Stated thesis versus observed behaviour
- Sectors
- ai, fintech, consumer, climate, energy, hardware, space, defense, cybersecurity, edtech, logistics, industrial
- Stages
- pre seed, seed, early
- Geography
- boston, canada, colorado, global, latin america, los angeles, north america, texas
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Team
3 current, 0 departed
Decision makers
Who else at this firm · 1 person, grouped by function
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Manager · led 1 round on record
- Manager
- Coo & Cfo
Contacts
6 published business email, 1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
9 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Construct Capital Select Fund II, L.P. | Growth fund | 2026 form d first sale | Newly closed | unknown | unknown | $150M of $150M | Aug 5, 2026 |
| Construct Capital III, L.P. | Fund | 2025 form d first sale | Newly closed | $298M Mar 26, 2026 | 58 | $300M of $300M | Mar 31, 2025 |
| Construct Capital Select Fund I, L.P. | Growth fund | 2023 adv first reported | Active deployment | $81.7M Mar 26, 2026 | 30 | $0 | Dec 21, 2021 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| Rasmuson Foundation | FOUNDATION | Construct Capital Select Fund I, L.P. | $657,445 fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
Relationships across DFX
55 co-investors · on 2 other DFX graphs
Co-investors
- 2026-09-163 shared deals · recurring
- 2026-10-012 shared deals · recurring
- 2026-10-012 shared deals · recurring
Across DFX and the capital chainon 2 other DFX graphs · 1 capital path ShowHide
- The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Construct Capital Management, LLC is the same institution as 2 records in Allocators and RIA and Wealth.
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Construct Capital Management, LLC sits on 1 traced path of capital across the graphs.
DFX traced 1 path of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
11 dated events, 61 observations from 3 sources
Timeline
- Mar 26, 2026Construct Capital III, L.P. first reported on Form ADV by Construct Capital Management, LLC (Venture Capital Fund), GAV $297,767,862
- Mar 26, 2026Construct Capital III Operators Fund, L.P. first reported on Form ADV by Construct Capital Management, LLC (Venture Capital Fund), GAV $4,889,931
- Mar 31, 2025Construct Capital Management, LLC filed the first Form D for Construct Capital III, L.P. (fund 3), its next fund after Construct Capital II Operators Fund, L.P. (vintage 2022); offering $300.0M
- Mar 21, 2023Construct Capital II, L.P. first reported on Form ADV by Construct Capital Management, LLC (Venture Capital Fund), GAV $218,419,305
- Mar 21, 2023Construct Capital Select Fund I, L.P. first reported on Form ADV by Construct Capital Management, LLC (Venture Capital Fund), GAV $75,369,323
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 26, 2026 · 8 private fundsShowHide
- Headquarters
- Washington, DCadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- constructcap.com
- SEC adviser type
- Exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 26, 2026
- Private funds reported
- 8 (8 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $895Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 23, 2026Multi-stage venture firm (confirmed, 95%)Both early and growth/opportunity families, reported GAV $895M
- Sep 12, 2026Multi-stage venture firm (confirmed, 95%)Both early and growth/opportunity families, reported GAV $496M
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 26, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 26, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 20, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 26, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 26, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 20, 2024 | Fact | Form ADV |
| First Form ADV filing | 2020-10-12 | Mar 26, 2026 | Fact | Form ADV |
| First Form ADV filing | 2020-10-12 | Mar 20, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-26 | Mar 26, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-26 | Mar 26, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-20 | Mar 20, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 26, 2026 | Fact | Form ADV |
| SEC status effective | 2020-10-12 | Mar 26, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 26, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 20, 2024 | Fact | Form ADV |
| Business phone | Mar 26, 2026 | Fact | Form ADV | |
| Business phone | Mar 20, 2024 | Fact | Form ADV | |
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 15, 2026 | Fact | ||
| Headquarters | Washington, DC | Mar 26, 2026 | Fact | Form ADV |
| Headquarters | Washington, DC | Mar 20, 2024 | Fact | Form ADV |
| Office address | Mar 26, 2026 | Fact | Form ADV | |
| Office address | Mar 20, 2024 | Fact | Form ADV | |
| Self-described type | Venture capital | Sep 16, 2026 | Fact | |
| Self-described type | Venture capital | Sep 15, 2026 | Fact | |
| Legal form | Limited Liability Company | Mar 26, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Mar 20, 2024 | Fact | Form ADV |
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 15, 2026 | Fact | ||
| Private funds reported | 8 | Mar 26, 2026 | Fact | Form ADV |
| Private funds reported | 8 | Mar 26, 2026 | Fact | Form ADV |
| Private funds reported | 6 | Mar 20, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $895M | Mar 26, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $895M | Mar 26, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $496M | Mar 20, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Mar 26, 2026 | Fact | Form ADV |
| Stated geography | Boston, canada, colorado, global, latin america, los angeles, north america, texas “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | Boston, canada, colorado, global, latin america, los angeles, north america, texas “geography words on the home page” | Sep 15, 2026 | Fact | |
| Stated sectors | AI, fintech, consumer, climate, energy, hardware, space, defense, cybersecurity, edtech, logistics, industrial “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | AI, fintech, consumer, climate, energy, hardware, space, defense, cybersecurity, edtech, logistics, industrial “sector words on the home page” | Sep 15, 2026 | Fact | |
| Stated stages | Pre seed, seed, early “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | Pre seed, seed, early “stage words on the home page” | Sep 15, 2026 | Fact | |
| Venture funds reported | 8 | Mar 26, 2026 | Fact | Form ADV |
| Venture funds reported | 8 | Mar 26, 2026 | Fact | Form ADV |
| Venture funds reported | 6 | Mar 20, 2024 | Fact | Form ADV |
| Website | Mar 26, 2026 | Fact | Form ADV | |
| Website | Mar 20, 2024 | Fact | Form ADV | |
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 15, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, confirmedShowHide
Both early and growth/opportunity families, reported GAV $895M
- importance
- gav: 0.59 · funds: 0.75 · people: 0.12 · investments: 0.62 · co investors: 0.7
- active deployment
- investments 12m: 0.38 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-09-16
- emerging manager
- fund count: 9 · reported gav: $895M · first adv filing: 2020-10-12 · years since first filing: 6
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Fits
- score 42.9confidence 90%Why: stage fit; activity; cap table
Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.
Record history
- Merged in2026-09-14
- Adviser's first ADV filing2020-10-12source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.