Suffolk Technologies

Suffolk Technologies

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Investment Firm

Overview

Suffolk Technologies is a venture capital platform funding the next generation of companies solving built environment challenges. To pave the way for a more productive and sustainable future, we deploy capital, resources, and networks to help daring founders grow and scale new technologies in construction, architecture, engineering, real estate, and infrastructure. Suffolk Technologies was recently recognized by AGC Partners as the #1 most active construction technology venture capital investor from 2018 to 2022. Led by Managing Partners Wan Li Zhu, Jit Kee Chin, and Puneet Mahajan, 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 broad network of industry leaders, Suffolk Technologies partners with visionary founders to accelerate industry-wide adoption of breakthrough innovations ranging from pre-product to growth stages.

Highlights

Founded

2019

Industry

Financial Services

Employees

1-10

Investment

36

Lead Investment

2

Exits

1

Stages

Early Stage Venture, Seed, Late Stage Venture

Investor Type

Accelerator, Venture Capital

Location

Boston, Massachusetts, United States, North America

Contact Information

Social

Profile Resume

Suffolk Technologies, established in 2019 and headquartered in United States, North America., specializes in Early Stage Venture, Seed, Late Stage Venture investments across Software, SaaS, Service Industry, Fleet Management, Construction, Financial Services, Venture Capital, Augmented Reality, Finance, Artificial Intelligence (AI). The organization boasts a portfolio of 35 investments, with an average round size of $23.4M and 1 successful exits. Their recent investments include EquipmentShare, Y Combinator, Paces, MCJ Collective, Resolute Ventures. The highest investment round they participated in was $92.0B. Among their most notable exits are EquipmentShare and Y Combinator. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.

Employees

imagePlace Wan Li Zhu

Wan Li Zhu

Managing Director

imagePlace Puneet Mahajan

Puneet Mahajan

Executive Vice President & Chief Financial Officer

imagePlace Diana Swenton

Diana Swenton

Investor

Investment portfolio

Suffolk Technologies has made 36 investments. Their most recent investment was on Jul 24, 2024, when Paces raised $11.0M.

investments

36

Diversity investments

4

Lead investments

2

Number of exits

1

Investments

36

Annouced DateOrganization NameIndustryMoney Raised
Nov 16, 2023
Ediphi Ediphi
Cloud Computing6.5M
Feb 06, 2024
Handle Handle
Softwarenull
Feb 15, 2024
Higharc Higharc
Software53.0M
Jul 24, 2024
Paces Paces
Project Management11.0M

Exits

1

Funding Timeline

Funding rounds

36

Investors

0

Funds

1

Funding Rounds

36

Suffolk Technologies has raised 36 rounds. Their latest funding was raised on Jul 24, 2024 from a Series A - Paces round.

Annouced DateTransaction NameNumber of InvestorsMoney RaisedLead Investor
Nov 16, 2023
Seed Round - Ediphi Seed Round - Ediphi
-6.5M-
Feb 06, 2024
Venture Round - Handle Venture Round - Handle
-0-
Feb 15, 2024
Series B - Higharc Series B - Higharc
-53.0M-
Jul 24, 2024
Series A - Paces Series A - Paces
-11.0M-

Investors

0

There is no funding round available on this profile

Fund raised

2

Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.

Annouced DateFund NameMoney Raised
May 10, 2013
fund image OTPPLESS
1.0M
May 11, 2013
fund image OTPPLESS
1.0M

Invest in industries

Recent Activity

News

Jul 24, 2024

Business Wire - Suffolk Expands Florida Gulf Coast Footprint to Accommodate Significant Growth, Names Brian Stathers Project Executive for Sarasota

Funding Round

Jul 24, 2024

Paces raised $11000000 on 2024-07-24 in Series A

News

Jun 25, 2024

Business Wire - Suffolk Expands National Footprint With New Office in Herndon, Virginia, to Meet Growing Demand for Expertise in Mission Critical

News

May 20, 2024

Business Wire - Suffolk Promotes Industry Veteran Jim Stanley to Executive Vice President, Los Angeles Division Manager

News

Apr 18, 2024

Business Wire - Suffolk Hires Peter Gasparini as EVP of National Operations and Chris Mills as EVP of Business Development to Drive Operational Excellence and Accelerate Company Expansion

News

Mar 25, 2024

Yahoo Finance - Innovative Construction Payments Software Handle.com Secure Investments from Amex Ventures, Suffolk Technologies