Zacua Ventures, a San Francisco-based venture capital firm founded in 2022 by Vivin Hegde, Mauricio Tessi Weiss, and Juan Nieto, has launched a pioneering $56 million fund dedicated to fostering early-stage construction technology startups. The fund, backed by 19 major players in the construction sector, including Procore, Volvo, and Cemex, aims to drive technological advancements in an industry traditionally slow to embrace innovation.
The co-founders, drawing on their experience in companies like Hilti Corp and Cemex Ventures, recognize the construction sector’s fragmented technology adoption among small and medium-sized enterprises. While many companies have digitized processes, the fund sees significant potential in emerging fields such as AI, industrialized construction, IoT devices, and robotics.
Zacua Ventures focuses on startups enhancing efficiency, sustainability, and urbanization. The construction industry, constituting 14% of global GDP and responsible for 40% of worldwide greenhouse gas emissions, offers a unique space for innovation.
Since its inception, Zacua Ventures has invested in over a dozen startups across the construction technology ecosystem. Portfolio companies include Construex, an Ecuador-based software-as-a-service marketplace, and Flexnode, a data infrastructure startup that recently secured a $9 million seed round.
“The fact that we’ve been able to raise a $56 million first-time fund in this specific sector speaks to the opportunity that lies ahead,” Hegde stated.
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By Proptechbuzz
By Ravi Kumar