CEMEX’s venture capital and open innovation unit today announced its investment in a global venture capital fund, Zacua Ventures, which aims to address the construction industry’s biggest challenges in sustainability, productivity and urbanization.
- CEMEX joins a group of companies investing in a global early-stage construction venture capital fund, Zacua Ventures.
- Zacua Ventures envisions a more sustainable, efficient and interconnected built environment.
- The group of investors shares the common goal of moving the built environment towards a more sustainable and circular model.
Other investors in this company are ANDRES Construction, GS Futures, Progreso X and SABANCI Building Materials Group.
“As pioneers in the transformation of the construction industry, we are pleased to be part of this investment vehicle to seek innovative solutions that help drive productivity, sustainability and urbanization,” said Gonzalo Galindo, Head of CEMEX Ventures. “The collaboration and synergy between the partners involved will help to further accelerate our efforts.
Zacua Ventures will seek synergies between the innovation priorities of all its partners. Thanks to these investments, Zacua will gain financial independence while benefiting from the experience of its partners. As the construction industry transforms, Zacua Ventures will be a strategic ally in researching and understanding new technologies.
The Zacua Ventures team offers in-depth knowledge of the industry and the startup ecosystem. It is led by experts who have been investing in building technology for a decade. Zacua Ventures has offices in San Francisco, Madrid and Singapore.
Read the article online at: https://www.worldcement.com/the-americas/09082022/cemex-invests-in-global-venture-fund-oriented-to-sustainable-construction/