The Boldt Group, a subsidiary of Appleton-based construction firm The Boldt Company, has invested an unspecified amount in Green Bay-based venture capital firm TitletownTech.
TitletownTech, a partnership between the Green Bay Packers and Microsoft, aims to make Green Bay a hub for both startups and tech talent. Boldt declined to share how much it invested in the VC firm.
“We are proud to have Boldt as an engaged partner,” said Jill Enos, TitletownTech managing director. “The firm continues to set industry standards for quality, creativity, and innovation, and startups are inspired to work with established companies like Boldt. Additionally, Boldt is an outstanding example of how a leader in a legacy industry has continued to transform and leverage technology.”
Boldt leadership pointed to the ongoing labor shortage in the construction industry as the company’s reason for seeking innovative solutions to the challenges the market is currently facing. A Wisconsin Policy Forum report released at the start of the year showed that Metro Milwaukee’s construction labor market is as tight as it has been in at least 20 years.
Boldt and Titletown are working together toward a shared vision of providing opportunity, time, talent and financial support to community stakeholders who are looking to create jobs and solve problems. Both firms will use their respective expertise and existing relationships as an “opportunity for transformation,” according to a press release.
“Our industry needs to evolve to meet current challenges and leveraging a partnership with an innovation incubator like TitletownTech serves as a unique opportunity to explore creative solutions,” said Dave Kievet, president of The Boldt Company. “Connecting our expertise in construction with diverse problem-solvers and visionaries will only help to serve our customers, communities and our industry better,” said Kievet.
