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Global Venture Fund supports startups that advance sustainability, productivity and urbanization.
Fund also announces $9 million seed round in Flexnode
San Francisco, February 27, 2024–(BUSINESS WIRE)–Zacua Ventures, a global venture capital fund focused on early-stage technologies for the construction industry, today announced the closing of its first fund. . In conjunction with the fund’s closure, Zacua also recently announced that he led his $9 million seed round of data for his infrastructure startup Flexnode.
Zacua’s fund is unique among early-stage VC funds because it has a large group of corporate limited partners (LPs), including 19 companies from around the world with ties to the construction sector. Participants in the fund include Procore, a leading global provider of construction management software, Volvo, a manufacturer of trucks, buses and construction equipment, and Cemex, a sustainable construction materials company. Due to strong investor interest, Zacua’s fund, originally targeted at $50 million, exceeded its original fundraising goal by more than 10%.
“Over the past year, while recent macroeconomic headwinds have posed challenges to venture funding, the pressing need for technology-enabled efficiencies in the historically slow-evolving construction sector has been a key driver, driving investment in construction technology. remained relatively stable,” he said. Vivin Hegde, North American co-founder and partner at Zacua. “Common construction challenges, such as skilled labor shortages and rising material costs, can be effectively addressed with the right technology tools. Zacua’s mission is to drive innovation and ultimately is about creating better, more efficient and more sustainable construction processes for buildings and infrastructure, and for projects as well.”
Zacua was founded in 2022 by a team of venture capital, technology, and construction experts with 30 years of combined industry experience, including experience at Cemex Ventures, McKinsey and Company, and Hilti Corporation. Zacua aims to allocate the recently closed funds across startups that address at least one of his three main investment themes: productivity, sustainability and urbanization. Respectively, startups within these buckets will improve efficiency in the construction industry. Reducing 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.
“The construction and building sector is a major contributor to greenhouse gas emissions, accounting for 40% of total emissions worldwide.” Mauricio Tessi Weiss, EU and Latin America co-founder and partner at Zacua. “While the majority of our efforts will focus on technologies that address decarbonization priorities, there are also pressing issues such as supply chain disruptions, the affordable housing crisis, and improving the safety and efficiency of the built environment. We will also focus on supporting companies that solve problems.” ”
With global operations in North America, Europe, and Asia, Zacua Ventures has access to cutting-edge technology from around the world, allowing us to invest in the most impactful solutions in sustainability, robotics, digitization, and more. I’m doing it. Leveraging our LP-based network and in-house team’s solid understanding of both the construction and investment landscape, Zacua Ventures is uniquely positioned to serve as a bridge between startups and corporate investors, creating new opportunities for collaboration and growth. Unleash your potential.
Since the fund’s launch, Zacua Ventures has invested in early-stage rounds in more than a dozen startups across the construction technology ecosystem, making it one of the most active construction VC firms in the world during that time.
“In addition to the benefits we derive from our relationships with LPs, we also derive a competitive advantage from the diverse markets in which our principals and investment teams operate,” he said. Juan Nieto, APAC and EU co-founder and partner at Zacua. “Each region of the globe – Asia, Europe, North America and Latin America – is leading the way in different sub-sectors of construction technology. Innovation hubs in robotics and sustainability technology are thousands of miles apart. Our access to all of this puts us in a unique position to play a key role in driving the evolution of construction processes across a variety of markets.”
Zacua recently served as lead investor in digital infrastructure company Flexnode’s $9 million seed funding round, investing in the company alongside Yes VC, Arup, SHoP Architects, and JE Dunn.
Founded in 2019 by Andrew Lindsey and Robert Mazer, Flexnode is reimagining the built environment through bespoke immersive design, efficient DFMA-centric construction, and advanced operation of high-performance liquid-cooled microprocessors. A leading digital infrastructure company. data center. With the industry’s first comprehensive focus on bridging conceptual, customizable architectures with realizable, rapidly deployable engineering, Flexnode challenges the assumptions of building and deploying data centers and We are delivering a new era of visionary microdata management solutions that power the next generation of high-density and demanding applications. -gen Applications can be used in any environment.
In response to the growing demand for new types of data center solutions, Flexnode has created a highly adaptable and fully disassembleable modular data center product. Designed with ease of installation in mind, the Flex Node fits into common freight elevators. By promoting liquid cooling, Flexnode also significantly reduces data center energy consumption. Thanks to this powerful solution, Flexnode has not only partnered with some of the world’s leading real estate companies, but also received a $3.5 million Department of Energy Advanced Research Projects Agency (ARPA-E) Innovation Award for continued research and development. Did.
“Ten years ago, it was common belief that the cloud would dominate the future of data storage. However, in recent years, we have seen that local data infrastructure is often preferable for reasons of speed, sustainability, and regulation. has been proven.” Andrew Lindsey, Co-founder and CEO of Flexnode. “Our products provide bespoke solutions tailored to each client’s specific requirements. This capability includes a deep understanding of our diverse client needs, from architectural design to operational details. “Procurement and consumption experiences that challenge outdated methods and outcomes.” We are grateful for the support of Zacua Ventures and are grateful for the support of We look forward to using the capital injection to further refine and expand our product offering.”
About Zacua Ventures
Zacua Ventures is a global early-stage venture fund tackling the world’s biggest challenges across sustainability, productivity and urbanization and backed by the construction world’s most innovative companies. Zacua is led by a partner who has over 30 years of experience across the industry and has been investing in construction technology for the past 10 years. With regional offices in San Francisco, Madrid, Mexico and Singapore, Zacua helps entrepreneurs build and strengthen their value proposition and leverage their deep corporate network to scale their businesses globally. For more information, please visit www.zacuaventures.com.
About flex nodes
Flexnode is a leading digital infrastructure company that helps clients look at the built data center environment differently, elegantly bridging IT and DFMA to create bespoke, forward-thinking new data management experiences. It will come true. Flexnode challenges long-held assumptions about micro data center design, deployment, and operation to reimagine adaptability, sustainability, efficiency, and modularity while helping businesses customize, deploy, and deploy complex IT systems. Gain control while maintaining the flexibility to evolve and enhance functionality beyond what was previously possible. time. Founded in 2019 and headquartered in Bethesda, Maryland, Flexnode is led by a team of experienced industry experts and visionaries dedicated to shaping the future of data centers. Flexnode – Built for users and built to be used everywhere. Your make, model and micro.
View source version on businesswire.com. https://www.businesswire.com/news/home/20240227493114/ja/
contact address
Alana Zeilander
antenna | space
zacua-ventures@antennagroup.com
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