The office 鈥� which opens for business in July 鈥� will be run by Guillaume Bazouin, who was previously head of startup and entrepreneurship programmes at Leonard, the 鈥榝oresight and innovation鈥� platform launched by contractor Vinci in 2017.
According to Brick聽&聽Mortar, it will be the first US聽construction tech investment firm in France. Its aim is to inject investment capital into early-stage construction tech startups in the聽EU.
The company said that, thanks to the EU鈥檚 鈥減rogressive鈥� laws to combat the climate crisis and the number of startups there, Europe聽is ripe with investment opportunities across the construction tech sector.
Brick聽&聽Mortar聽Ventures聽(B&M) is itself a relatively new business. It was founded in 2015 by Darren Bechtel, a fifth-generation scion of the family behind the eponymous聽privately-owned contractor that celebrates its 125th anniversary this year.
B&M invests in emerging companies developing new software and hardware solutions for users in the architecture, engineering, construction, and facilities management sectors.
Its investors include leading companies in the construction value chain including Cemex and Autodesk.
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