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News Cemex Ventures names its Top 50 construction technology start-ups in 2024

Cemex Ventures names its Top 50 construction technology start-ups in 2024

Written by Global Cement staff 24 January 2024
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Mexico: Cemex Ventures, the corporate venture capital and open innovation unit of Cemex, has published its fifth annual Top 50 Contech Startups list for 2024. The Top 50 lists the start-ups operating in the global construction technology sector that Cemex Ventures believes show the greatest disruptive potential. The unit evaluates start-ups across four strategic areas: green construction; enhanced productivity; construction supply chain; and future of construction.

In 2023, global construction technology investments totalled US$3.03bn, down by 44% year-on-year due to macroeconomic factors impacting funding. Investments in enhanced productivity accounted for 45% of the total, and investments in green construction for 24%.

Gonzalo Galindo, head of Cemex Ventures, said "Our investment analysts track investment data throughout the year and continually engage with global start-ups to target the most innovative solutions that are consistent with our mission to foster the construction industry revolution. Innovation requires a long-term approach and cannot be defined by a year alone, but our Top 50 Contech Startups list and report helps us track innovation through investment and technology adoption and gauge the health of the construction start-up ecosystem.”

Last modified on 29 January 2024
Published in Global Cement News
Tagged under
  • Mexico
  • Cemex Ventures
  • Cemex
  • GCW643
  • startup
  • Sustainability
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