Holcim invests in Suffolk Technologies Fund
Published by Sol Klappholz,
Assistant Editor
World Cement,
Holcim announces its investment as a limited partner (LP) in Suffolk Technologies US$110 million venture capital fund, supporting startups at the forefront of disruptive innovation in the building industry, from sustainability to AI. As part of this fund, Holcim is committed to supporting the most promising startups by giving them access to capital as well as its global technology, expertise and operations to maximise their growth and scale up potential. With its unique position across the building value chain Holcim, will bring its advanced market knowledge to Suffolk investments to ensure best alignment with high growth market needs.
- USD 110 million venture capital fund in construction technology startups
- Holcim to provide capital and access to its global operations and experts to maximise scale up and growth potential
- Empowering disruptive startups at forefront of innovative and sustainable building solutions
Jit Kee Chin, EVP of Suffolk and Co-Founder and Managing Partner of Suffolk Technologies Fund 1: “We are thrilled to have Holcim as an investor in our Fund, supporting the growth of forward-thinking, visionary construction startups and technologies that will help transform the built world.”
Ram Muthu, Head of Strategy, Holcim: "We are excited to invest in Suffolk Technologies to support the most promising startups at the forefront of innovative and sustainable building solutions. At Holcim we take an active role in the startups we invest in, from deploying our capabilities to giving them access to our operations to maximise their growth. By joining Suffolk Technologies we look forward to empowering disruptive startups to transform how we build, accelerating low-carbon and circular construction, all the way to making buildings more sustainable in use.”
Suffolk Technologies is a leading venture capital investor in construction technologies. The platform’s portfolio includes building solutions to achieve verifiable carbon neutrality; innovative energy storage solutions to electrify construction sites; and AI-driven solutions that improve job site planning and processes.
Through its open innovation ecosystem, Holcim engages with hundreds of startups worldwide to scale up new technologies, accelerating the construction industry’s transition to net zero.
Click here for free registration to World Cement
Read the article online at: https://www.worldcement.com/the-americas/12072023/holcim-invests-in-suffolk-technologies-fund/
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.
Queens Carbon secures US$10M in seed funding for low carbon cement
Backed by Clean Energy Ventures and Buzzi Unicem USA, Queens Carbon will leverage funding to scale its energy-efficient cement production platform.
