ESTERO, FL — Suffolk Technologies, the venture capital and technology investment arm of real estate and construction enterprise Suffolk, was recently named Proptech Accelerator of the Year by the Center for Real Estate Technology and Innovation (CRETI). CRETI is a think tank in real estate technology that provides non-bias and metric based insights on real estate technology and venture capital.
CRETI recognized this year’s winners whose unbounded ambitions deliver innovation, growth, and prosperity in real estate technology, globally. CRETI said Boost “exemplified excellence in cohort-based program, mentorship and education in real estate tech venture capital.”
“We take tremendous pride in offering a program designed to accelerate innovation and growth in the construction industry, an industry that can oftentimes be slow to evolve. We are thrilled that Boost has been recognized by CRETI as a premier accelerator and leader in pushing our industry forward,” said Parker Mundt, Operating Director of Suffolk Technologies.
The Boost program is an intense six-week program that brings together promising technology startup founders committed to addressing construction industry challenges, expanding their networks and raising funding for future growth. The Boost program consisted of: 1) lectures and panel discussions driven by Suffolk leaders, MIT professors and Suffolk Technologies portfolio company founders; 2) dedicated time with the Suffolk CoLab Construction Solution Directors who will partner with the finalists and potentially test their solutions on Suffolk project sites; and 3) Demo Day that allows finalists to share their solutions with industry influencers and investors.
Suffolk Technologies partnered with the Massachusetts Institute of Technology (MIT) Center for Real Estate, Bain Capital Ventures, RXR Realty, Liberty Mutual Insurance, HILTI, Ninefour Ventures, Romulus Capital, Procore Technologies, EquipmentShare and OpenSpace. Applications for the 2021 Boost program included startups offering solutions across the product development stages, with an emphasis on green building, robotics, design, supply chain, marketplace and fintech spaces.
For more information about Suffolk Technologies Boost program, visit https://www.suffolk-tech.com/boost.
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 $4.0 billion in annual revenue, 2,500 employees and main offices in Boston (headquarters), New York, Miami, West Palm Beach, Tampa, Estero, Dallas, 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 and follow Suffolk on Facebook, Twitter, LinkedIn, YouTube, and Instagram.
About Suffolk Technologies
Suffolk Technologies is the technology capital investment arm of innovative construction enterprise Suffolk. Suffolk Technologies is responsible for investing in technology startups that drive capital efficiency and productivity in the built environment. Suffolk Technologies invests in solutions across the building lifecycle, including real estate investment and development, architecture engineering and construction, as well as property management. The team works with tech startup founders with ambitious visions who are innovating business models and technologies to achieve scalable impact. Suffolk Technologies is stage agnostic (preference is early stage) and has supported companies ranging from pre-product to more than $100 million in revenue. For more information about Suffolk Technologies strategy and investments, visit Suffolk-Tech.com.