Limited partners in the $97.2m fund include corporates Ardex, Autodesk, Cemex, Ferguson, FMI, Glodon, Haskell, Hilti, Obayashi, Sidewalk Labs and United Rentals.

US-based venture capital firm Brick and Mortar Ventures closed its first dedicated fund at $97.2m yesterday, raising capital from a host of corporate limited partners. The LPs include special materials producer Ardex, design software vendor Autodesk, building materials supplier Cemex, engineering consultancy FMI, construction data modelling software producer Glodon and Ferguson Ventures, the investment arm…

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