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Contxto – When it comes to supporting the global construction industry, CEMEX has once again positioned itself as an industrious leader. With its recently formed CEMEX Ventures, now even its VC offshoot has found success in the ecosystem.
For the second consecutive year, CEMEX Ventures has appeared on BuiltWorlds’ 2019 Venture Investors 50 List as one of the most “relevant” VC firms in the construction industry. With offices in Mexico, Colombia and Spain, it aspires to revolution the sector through tech and innovation.
BuiltWorlds’ 2019 Venture Investors 50 list
BuiltWorlds is a research-driven network operating at the intersection of construction and technology. With this, the organization offers quality analysis for building developments. All the while, it specializes in research and compiles the Venture Investors list to showcase investment opportunities throughout the construction world.
This year, 50 influential investors from around the globe were recognized, CEMEX Ventures being one of them. Listed companies are divided into two categories, Venture Capital and Corporate Venture Capital, to which CEMEX Ventures belongs.
Due to how it welcomes startups into its global network, the VC firm owes its success to how it “offers much more than economic investments to startups,” according to a recent press release.
Founded in 2017 with headquarters in Madrid, CEMEX Ventures serves as a strategic investment vehicle for startups. To assist in solving day-to-day challenges, it has created a collaborative platform for companies to develop new construction solutions.
Within its portfolio are proptechs such as Jelp and Ipsum. Based in Nuevo Leon, Mexico, Jelp has developed a collaborative economy platform where certified home improvement professionals offer services to homeowners. Independent contractors specialize in everything from plumbing, carpentry, as well as masonry.
On the other hand, Ipsum from Santiago, Chile has created a virtual solution for managing large-scale construction as well as engineering projects. Leveraging both Lean Construction and BIM methodologies, the collaborative web and mobile platform allows for full integration.
Adding to that, CEMEX Ventures held the Construction Startup Competition in June with startups coming from over 70 countries. In the end, only ten finalists from Argentina, Canada, France, Norway, Austria, the United States and Australia made it to Pitch Day.
Together with it’s growing portfolio of ten startups, CEMEX Ventures certainly seems to be betting on a construction revolution.