Recently, Brick & Mortar Ventures announced it closed a $97.2 million fund. Brick & Mortar is going to use this fund to invest in emerging companies developing innovative software and hardware solutions for the industries of architecture, engineering, construction, and facilities management. This funding close is considered Brick & Mortar’s first institutional capital.

Brick & Mortar was founded by Managing Director Darren Bechtel — who has been previously been investing personal capital into Built World technology startups since 2012 starting with his participation as the largest investor in the seed round of PlanGrid (acquired by Autodesk for $875 million).

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