Boman Group and JPCX invest in modular housing and construction innovation to tackle the housing shortage

A new $60 million investment fund is set to accelerate construction technology in Australia, aiming to transform how homes are built and help address the nation’s housing shortage. Launched by Boman Group in partnership with JPCX, the investment arm of logistics and building supplies company JPC, the fund has already made its first investment in an Australian modular housing company to help it scale.

Boman Group founder and CEO Eric Gao highlighted the potential of innovative construction methods. “Prefabricated and modular housing deliver high-quality dwellings faster and at lower cost,” he said. “Construction innovation, including advanced materials and 3D printing, represents the next leap in how Australia builds. It’s critical for solving the housing shortage while offering strong returns for investors.”

Driving Growth in Construction Innovation

Australia is emerging as a promising environment for construction technology, but many startups in the sector face challenges scaling due to limited capital and industry connections. “Many companies are pioneering unique solutions suited to our region, but they often lack both funding and contacts,” Gao said. “This fund, in partnership with JPCX, is designed to address both.”

JPCX director Paddy Jayawardena emphasized the value of combining deep industry experience with innovative technology. “Through JPCX, we leverage decades of expertise in logistics, shipping, and building supplies to identify and scale technologies that will transform how Australia builds,” he said. “Modular housing and emerging construction tech aren’t just improvements; they’re the fundamental evolution our industry needs for the future.”

Founded in 2011 as BMY Group by Eric Gao and Julius Wei, Boman Group rebranded last year and now manages assets valued at more than $860 million. Gao’s track record includes spotting transformative businesses such as Airbnb and OpenAI, demonstrating the fund’s focus on high-impact construction innovation.

A Future Built Faster

By backing modular housing and other construction technologies, this $60 million fund aims to speed up housing delivery, reduce costs, and modernize Australia’s building sector. For developers, startups, and investors, it represents a unique opportunity to participate in the next generation of construction innovation.

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