BOSTON--(BUSINESS WIRE)--Suffolk Technologies, Suffolk’s built environment venture capital firm, was selected as a top organization in GlobeSt. Real Estate Forum’s Influencers in CRE Technology 2023 awards, which honor innovative CRE tech professionals, organizations and teams whose industry advancements are furthering practices and promoting efficiencies. The awards also highlight experts that have impacted the CRE marketplace through new and/or improved technology applications.
With a broad network of over 2,000 startups, investors, trade partners and strategic partners, Suffolk Technologies is accelerating new solutions to ecosystem-wide adoption to drive the pace of change in the industry. The platform invests in early and growth-stage startups transforming the built world across real estate and development, architecture, engineering and construction, property management, and smart cities. Since 2019, it has backed 30 companies across automation and robotics, supply chain marketplace, sustainability, financial technology, and smart building themes.
“The built environment, spanning real estate and construction, has an opportunity to improve dramatically in the areas of productivity, affordability, and sustainability with the help of new technology solutions,” said Wan Li Zhu, Co-Founder and Managing Director at Suffolk Technologies. “Suffolk Technologies applies an ecosystem-based venture capital approach that brings industry resources to high potential startups, with the goal to lower the barriers to adoption of emerging innovations across the value chain. We are honored to be recognized by the GlobeSt. Real Estate Forum as one of the leaders in CRE technology.”
Key to Suffolk Technologies’ industry influence is its BOOST program, an intense 6-week program to help promising startups develop digital solutions to address labor, supply chain, design, sustainability and automation goals. It is an integral part of advancing innovation within the company, its network and across the industry more broadly. Since the inaugural program kicked off three years ago, past cohorts of Suffolk Technologies’ BOOST program – which include startups such as Moxion, WINT, CANVAS and Flexbase – have collectively raised more than $325 million of venture funding after participating in the program, fueling innovation across the industry. The 2021 cohort alone has raised more than $100 million in capital to accelerate their growth plans.
To learn more about Suffolk Technologies, please visit www.suffolk-tech.com.
About Suffolk Technologies
Suffolk Technologies is the venture capital investment arm of innovative construction enterprise Suffolk. Suffolk Technologies invests in early and growth-stage startups transforming the built world across real estate and development, architecture, engineering and construction, property management, and smart cities. Leveraging Suffolk’s expertise and partner networks, Suffolk Technologies partners with visionary founders to accelerate industry-wide adoption of breakthrough innovations ranging from pre-product to scaled go-to-market. For more information about Suffolk Technologies strategy and investments, visit Suffolk-Tech.com.
Suffolk is a national enterprise that invests, innovates, and builds. Suffolk is an end-to-end business that provides value throughout the entire project lifecycle by leveraging its core construction management services with vertical service lines that include real estate capital investment, design, self-perform construction services, technology start-up investment and innovation research/development.
Suffolk is a national company with $5.0 billion in annual revenue, 2,300 employees and main offices in West Palm Beach, Miami, Tampa, Estero, Dallas, Boston, New York, Los Angeles, San Francisco, and San Diego. Suffolk serves clients in every major industry sector, including healthcare, science and technology, education, gaming, transportation/aviation, and commercial. Suffolk is privately held and is led by founder, chairman and CEO John Fish. Suffolk is ranked #23 on the Engineering News Record list of “Top 400 Contractors.” For more information, visit www.suffolk.com.