TLDR:
Key Points:
- Zacua Ventures closed its inaugural fund, exceeding its target by 10%.
- The fund led a $9m seed round for Flexnode, a digital infrastructure company.
Zacua Ventures, a global venture capital (VC) fund focused on early-stage technology for the construction industry, has closed its inaugural fund, surpassing its initial $50m target by more than 10%. The fund includes 19 corporate limited partners (LPs) with ties to the construction sector, including Volvo Group Venture Capital, Procore, and CEMEX. Established in 2022 by industry experts, Zacua Ventures aims to invest in startups focusing on productivity, sustainability, and urbanization within the construction industry.
Operating across North America, Europe, and the Asia-Pacific region, Zacua Ventures leverages its LP network and team’s expertise to bridge the gap between startups and corporate investors, facilitating new partnerships and growth opportunities. The fund has become one of the most active construction VC companies globally, investing in over a dozen startups. Additionally, Zacua Ventures led a $9m seed round for Flexnode, a digital infrastructure company, further solidifying its position in the industry.
