CEMEX’s corporate venture capital and open innovation unit CEMEX Ventures will invest in global venture fund Zacua Ventures.
Zacua Ventures is an early-stage venture fund that aims to tackle sustainability, productivity, and urbanisation in the construction industry.
Zacua Ventures has offices in San Francisco, Madrid, and Singapore.
Other investors in this venture include ANDRES Construction, GS Futures, Progreso X and SABANCI Building Materials Group.
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 collaboration with likeminded partners will support CEMEX’s goals to be 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 urbanisation,” CEMEX Ventures head Gonzalo Galindo said.
“The collaboration and synergy between the involved partners will help further accelerate our efforts.”
Visit cemex.com for more information.