Former NEA Partner Dayna Grayson And Ex-Uber Exec Rachel Holt Raise $140 Million For New VC Firm To Back Industrial Startups

Construct Capital’s Dayna Grayson and Rachel Holt

Courtesy of Construct Capital

For years, Dayna Grayson invested in industrial innovation as a partner at NEA, one of the few prominent investors focused on the massive, and underserved, space. She found a surprise ally in fellow Washington, D.C.-area resident Rachel Holt, an Uber executive who most recently led the ride-hailing giant’s mobility unit. The two have now raised $140 million for their new firm, Construct Capital, for investments in manufacturing, supply chain, transportation and other foundational industries.

These formerly under-the-radar areas have gained attention (and cash) lately, and Grayson and Holt expect that trend to continue. “It’s like enterprise software

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