CEMEX and corporate venture arm CEMEX Ventures are investing in Zacua Ventures, a global early-stage venture fund that aims to tackle the construction industry’s biggest challenges.
“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.”
Other investors in the venture include ANDRES Construction, GS Futures, Progreso X and SABANCI Building Materials Group.
Through these investments, Zacua will gain financial independence while benefiting from the experience of its partners. As the construction industry transforms, it will be a strategic ally in the search and understanding of new technologies.
Zacua Ventures is led by experts that have been investing in construction technology for the past decade. It has offices in San Francisco, Madrid and Singapore.