
At a Glance
Brick & Mortar Ventures was founded in 2017 by Darren Bechtel, heir to the Bechtel construction and engineering empire, along with partners Jim Greer and Alex Rosen. The firm focuses on investing in technology companies that are digitizing traditional physical industries like construction, logistics, manufacturing, and infrastructure. Leveraging the Bechtel family's century-long experience building some of the world's largest infrastructure projects, the firm brings unique domain expertise to evaluating and supporting companies that serve these massive but often overlooked markets. Brick & Mortar typically invests in Series A and B rounds, writing checks between $2M-10M. The firm's strategic value comes from their deep understanding of how physical industries operate and their extensive network of corporate relationships that can serve as customers and partners for portfolio companies. Notable investments include Built Robotics (autonomous construction equipment), Tive (supply chain visibility), and other companies applying software and hardware innovations to traditional industries. The firm's approach reflects a growing recognition that some of the largest economic opportunities lie in modernizing legacy physical industries rather than creating entirely new digital markets.
“Early-stage fund investing in technology for the built environment including construction, real estate, and infrastructure.”
Darren Bechtel
Founder and Managing Director, Brick & Mortar Ventures
Kaustubh Pandya
General Partner, Brick & Mortar Ventures
Brick & Mortar Ventures primarily invests at the Pre-Seed, Seed, Series A, Series B+ stages. This means they focus on companies that are at the earliest idea or prototype phase.
Brick & Mortar Ventures is headquartered in San Francisco, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
Brick & Mortar Ventures focuses on investments in Aerospace & Defense, Other, Consumer, Fintech, Climate. Their portfolio reflects deep expertise and networks within these sectors.
Brick & Mortar Ventures's typical investment check size ranges from $. to $.. Actual amounts may vary based on the stage, sector, and specific opportunity.
Brick & Mortar Ventures manages approximately $100M in assets under management (AUM) across their funds.