CEMEX invests in global venture fund oriented to sustainable construction
Published by Sol Klappholz,
Assistant Editor
World Cement,
CEMEX’s corporate venture capital and open innovation unit, announced today that they are investing in a global early-stage venture fund, Zacua Ventures, that aims to tackle the construction industry’s biggest challenges in sustainability, productivity, and urbanisation.
- CEMEX joins a group of companies investing in a global early-stage construction venture fund, Zacua Ventures.
- Zacua Ventures envisions a more sustainable, efficient, and interconnected built environment.
- The group of investors share the common objective of evolving the built environment towards a more sustainable and circular model.
Other investors in this venture include ANDRES Construction, GS Futures, Progreso X and SABANCI Building Materials Group.
"As pioneers in the construction industry's transformation, we are happy to be part of this investment vehicle to seek innovative solutions that help boost productivity, sustainability, and urbanization,” said Gonzalo Galindo, Head of CEMEX Ventures. “The collaboration and synergy between the involved partners will help further accelerate our efforts.”
Zacua Ventures will seek synergies between the innovation priorities of all its partners. Through 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 the search and understanding of new technologies.
The team at Zacua Ventures offers a deep knowledge of the industry and startup ecosystem. It is led by experts that have been investing in construction technology for the past 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/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, Senior Editor David Bizley is joined by Dr Andrew Minson of the GCCA to discuss the ins and outs of the recently launched Low Carbon Ratings (LCR) system.
Molins announce first quarter results
Net profit reached €48 million, equivalent to earnings per share of 0.73 euros, 6% lower than the same period of the previous year.
