CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) and CEMEX Ventures, CEMEX’s corporate venture capital and open innovation unit, announced today that they are investing in Zacua Ventures, a global early-stage venture fund that aims to tackle the construction industry’s biggest challenges in sustainability, productivity, and urbanization.
Other investors in this venture include industry leaders 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 powerful investment vehicle to seek innovative solutions that help boost productivity, sustainability, and urbanization,” said Gonzalo Galindo, Head of CEMEX Ventures. “This transformation would not be possible without the collaboration and synergy between the involved partners.”
Zacua Ventures is a fund by incumbents, for incumbents that 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 involved in the industry for more than 10 years and have invested in construction technology for the past decade. It has a global presence with headquarters in San Francisco, Madrid, and Singapore.
