Construct Capital, a venture capital firm that focuses on early-stage investments in startups leveraging technology in manufacturing, transportation, and defense sectors, has successfully closed its third fund, securing $300 million in capital commitments.

Based in Washington, D.C., the firm had previously raised its second fund with $225 million and an additional $75 million for later-stage companies in 2022.

Notably, amidst challenges faced by many emerging managers in raising new funds, Construct’s recent capital raise highlights the significant interest of institutional investors in supporting venture capital firms that specialize in defense technology, driven by increasing geopolitical tensions and initiatives to boost domestic manufacturing, such as those promoted by the Trump administration.

Founded in 2020 by Dayna Grayson, formerly a partner at NEA, and Rachel Holt, previously an executive at Uber, Construct has made investments in various startups. These include Hadrian, a company that utilizes software for manufacturing parts in the defense and aerospace sectors, and Veho, which specializes in last-mile e-commerce delivery services from distribution centers to customers.