Brick & Mortar Ventures
UnclaimedAt a Glance
- Check Size
- $. – $.
- Stage
- Pre-Seed, Seed, Series A, Series B+
- AUM
- $100M
- Sectors
- SaaS, Robotics, Enterprise
- Founded
- 2016
- HQ
- San Francisco, CA
About Brick & Mortar Ventures
Brick & Mortar Ventures is a San Francisco venture capital firm that invests in software and hardware for the architecture, engineering, construction and facilities management industries. Darren Bechtel founded the firm and remains its managing director; he is its sole founder, and the team page lists no co-founding partners. The stated mission is to identify, invest in and grow emerging companies around the world that are developing innovative tools for the way buildings and infrastructure are designed, built and operated, summed up in the firm's challenge to entrepreneurs: help the world build better.
The investment team pairs venture experience with operating backgrounds in the built environment. Bechtel has more than 15 years of venture investing and seven years as an engineer, operator and turnaround chief executive in the architecture, engineering and construction and medical device industries. General partner Kaustubh Pandya is a licensed professional engineer and former McKinsey strategy consultant who began his career as a forensic structural engineer. Partner Curtis Rodgers came from construction process improvement roles at Kiewit and McCarthy Construction and founded the Society for Construction Solutions. Partner Austin Yount was an investment banking analyst at Montgomery & Co and an early employee at Enjoy Technology. Guillaume Bazouin leads construction technology investments and corporate partnerships across Europe, the Middle East and Africa from Paris, after running startup and intrapreneurship programmes at VINCI. Principal Alice Leung previously implemented construction technology for DPR Construction on hospitals and data centres.
Verified portfolio investments include the construction robotics company Built Robotics and the supply chain tracking company Tive. The firm also works with corporate partners drawn from the construction and engineering industry, and reports both active investments and exits on its portfolio page.
Investment Thesis
“Early-stage fund investing in technology for the built environment including construction, real estate, and infrastructure.”
Sector Focus
Investment Stage
Notable Portfolio Companies
Fund History
Darren Bechtel invested personal capital into built-world technology companies from 2012 onward, before the firm took outside money at all. The anchor position from that period was PlanGrid, where he was the largest investor in the seed round; Autodesk acquired the company in November 2018 for $875 million. Brick & Mortar Ventures closed its first institutional fund in August 2019 at $97.2 million, at the time the largest venture fund raised anywhere with an exclusive construction and built-environment mandate. A second fund followed and has since closed, with 17 investments recorded against it; the firm has not disclosed its size publicly. Capital goes into technology for architecture, engineering, construction, operations and maintenance, including autonomous construction equipment, supply chain visibility, project software and industrial robotics. The mandate has widened geographically rather than by sector, with dedicated partners covering EMEA from France and the Asia-Pacific region from India.
SEC Fund Filings
- Vehicles filed, last 24 months
- 1
- Latest filing
Brick & Mortar Ventures filed a Form D for 1 fund vehicle between Sep 26, 2024 and Sep 25, 2026.
| Fund vehicle | Source |
|---|---|
| Brick & Mortar Ventures III, L.P. | SEC Form D, filed |
A Form D is the notice a fund files with the SEC when it raises money in a private offering. Feeder funds, parallel funds and SPVs each file their own, so the count measures filing activity, not the number of flagship funds.
Source: SEC EDGAR Form D filings for pooled investment funds, original filings only (amendments excluded). Our filing data starts Jul 1, 2024. Vehicles are matched to Brick & Mortar Ventures by fund name and checked against the sponsor address and named principals on each filing; offering amounts are not shown. Each “SEC Form D” link opens an EDGAR full-text search for that vehicle’s exact name, where the filing itself is listed. See every new fund filing on the Form D Radar.
Team (2)
Frequently Asked Questions
What stage does Brick & Mortar Ventures invest at?
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.
Where is Brick & Mortar Ventures located?
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.
What sectors does Brick & Mortar Ventures focus on?
Brick & Mortar Ventures focuses on investments in SaaS, Robotics, Enterprise. Their portfolio reflects deep expertise and networks within these sectors.
What is Brick & Mortar Ventures's typical check size?
Brick & Mortar Ventures's typical investment check size ranges from $. to $.. Actual amounts may vary based on the stage, sector, and specific opportunity.
How much does Brick & Mortar Ventures have under management?
Brick & Mortar Ventures manages approximately $100M in assets under management (AUM) across their funds.
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