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Zacua Ventures Closes $56M Fund to Invest in Construction Technology Startups

(Zacua Ventures' investment team (L-R): Mauricio Tessi Weiss, Juan Nieto, Victoria Smith, Vivin Hegde, Margarita de la Pena, and Pedro Garcia)
(Zacua Ventures’ investment team (L-R): Mauricio Tessi Weiss, Juan Nieto, Victoria Smith, Vivin Hegde, Margarita de la Pena, and Pedro Garcia)

Zacua Ventures, a global venture capital firm focused on early-stage technology for the construction industry, closed its inaugural fund, at $56m.

Limited Partners (LPs) include 19 companies from across the globe with ties to the construction sector. Participants include Procore, a global provider of construction management software, Volvo, a manufacturer of trucks, buses and construction equipment, and sustainable construction materials company Cemex.

Established in 2022 by a team of venture capital, technology, and construction experts with experience at Cemex Ventures, McKinsey and Company and Hilti Corporation and a combined 30 years of industry experience, Zacua aims to allocate its recently closed fund across startups that address at least one of three primary investment themes: productivity, sustainability, and urbanization. Respectively, these startups will:

  • enhance efficiency in the construction industry;
  • reduce the carbon footprint of construction and building operations more broadly; and
  • contribute to the development of resilient, intelligent structures that are ideally equipped to serve the cities of the future. 

Since the launch of its fund, Zacua has invested in early-stage rounds for more than a dozen startups across the construction technology ecosystem. In conjunction with the fund close, the firm also announced that it recently led a $9m seed round for data infrastructure startup Flexnode.

The team includes Mauricio Tessi Weiss, Juan Nieto, Victoria Smith, Vivin Hegde, Margarita de la Pena, and Pedro Garcia. The firm has a regional presence in San Francisco, Madrid, Mexico and Singapore.

VCWire

27/02/2024