The venture capital fund specializing in ConTech Cemex Ventures has recently published its study on the investment that has taken place in the ConTech sector during 2024, offering a detailed view of the trends in the sector.

Global venture capital (VC and CVC) remained relatively stable throughout the year, growing 6% compared to 2023, although deal activity declined 14%. However, the last quarter (Q4) of 2024 saw a 53% increase in funding compared to the previous quarter (Q3), showing positive signs of economic stabilization.

In terms of ConTech investment, the US and Europe led the way, accounting for 85% of all deals. Within the focus areas, Enhanced Productivity stood out with 119% year-on-year growth in dollars invested, driven largely by artificial intelligence (AI)-based solutions. In fact, AI-related deals were 53% larger than others, accounting for 37% of total funding.

In addition, 33 active strategists (PROCORE, Hexagon, Trimble, Bentley, etc.) in open innovation have been identified in this sector, with 20% of transactions involving at least one strategic investor. This growth in strategic investment suggests a growing interest in innovative solutions by corporates within the construction industry.

This 2024 Contech sector has produced 2 new unicorns: JobNimbus (USA) and Gropyus (Austria). JobNimbus is an all-in-one software to help optimize roofing and roofing installation operations; contractors can quickly create quotes, order materials and manage projects, all from a single, easy-to-use platform. Gropyus, on the other hand, focuses on vertically integrated affordable and sustainable housing, offering flexible and modular building systems to optimize land use, customize plans and build with both off-site prefabrication and on-site assembly.

One of the key highlights of the report is that investments in ConTech represent only around 1% of total venture capital funding, a figure that, despite constant growth over the years, remains too small compared to the overall size of the construction industry.

For those interested in a more in-depth analysis of 2024 ConTech investment data and the outlook for 2025, as well as the list of the 50 most promising startups of the year, you can check out the “Top 50 Contech Startups List & Report 2025“.