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Zacua Ventures has launched a new $56 million fund dedicated to construction tech
Zacua, with a presence in San Francisco, Madrid, Mexico and Singapore, is targeting startups addressing sustainability, productivity and urbanization.
Because the construction industry is dominated by small and medium companies, adoption of technology has been “very fragmented,” said Tessi Weiss, who represents the European Union and Latin America for Zacua. The venture capital firm’s partners, who also have a regional presence in Spain, Mexico and Singapore, look for startups within those three buckets that will, for example, enhance efficiency across 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, said Hegde, who represents North America. “Raising a $56 million first-time fund in this kind of environment isn’t something that we haven’t seen a lot of people do, and the fact that we’ve been able to do it, and in a specific sector, just speaks to the opportunity that lies ahead,” Hegde said.
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