Source page: McKinsey & Company
Commentary
Construction’s digital revolution
Construction | Digital
June 8, 2023 – The $12 trillion architecture, engineering, and construction (AEC) industry has been among the slowest to digitize and innovate. Now, however, digital adoption in the sector is being accelerated by strong demand for infrastructure, a shortage of skilled labor, and increased stakeholder pressure for data transparency and integration. Senior partners Jose Luis Blanco, Aditya Sanghvi, and colleagues say late-stage venture capital in AEC tech investment reached $11.5 billion between 2020 and 2022, more than triple the level of the previous three years.
To read the article, see “From start-up to scale-up: Accelerating growth in construction technology,” May 3, 2023.
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Visual form
Three-panel funding-source comparison chart.
Layout / body structure
The chart is split into three aligned panels that read left to right: number of deals, total funding, and average deal size, all using the same two time buckets of 2017 to 2019 and 2020 to 2022.
What is being compared
It compares architecture, engineering, and construction tech funding sources across late-stage venture capital, angel and seed, early-stage venture capital, private equity, M&A, and IPO rounds.
Measurement system
The left panel counts deals, the middle panel measures funding in billions of dollars, and the right panel measures average deal size in millions of dollars.
Visible structure inside the graphic
Each funding source is color coded in the legend, each panel shares the same horizontal time split, and dots connected across the two periods show how each funding source moves in count, capital, and deal size.
Main takeaway from the visual
The side-by-side panels show that late-stage venture capital gained prominence by becoming more important not just in raw capital but also in the scale of individual deals.
Key standout values or extremes
The source text anchors the shift with late-stage venture capital reaching 11.5 billion dollars between 2020 and 2022, and the average-deal-size panel shows one of the steepest visible jumps, climbing from the teens into well over 100 million dollars.
Controls / sequence, when applicable
This is a static chart image with no in-chart controls to operate.
Companion media, when applicable
There is no separate companion audio or video; the chart image is the full visual on this page.