Markets
Vertical AI Capital Concentrates: Construction Took 15.1% of Vertical SaaS Dollars From Just 2 of 32 Deals
Over the trailing twelve months, construction SaaS represented only 2 of 32 vertical deals but captured $149M — 15.1% of all vertical SaaS capital — the most disproportionately large check sizes in the category. Legal ranked third with 5 deals and $164.2M, anchored by Harvey reaching $300M ARR by May 2026; healthcare was broadest by count (10 deals) but least capital-dense at $197.5M. The pattern for builders: investors are paying up for verticals with regulated, document-heavy workflows and few incumbents, not for deal volume.
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