Cemex Ventures highlights that investment in construction technology grew 20% year-on-year in the first quarter of 2024 to $672 million, according to a quarterly report from Cemex Ventures, Cemex’s technology-focused venture capital arm, with headquarters in Madrid.

Despite the growth in dollars, the number of deals fell 4% to 66. The report also states that this could indicate a possible change in investment strategies or market dynamics for the rest of the year.

North America maintained its leading position in the investment cycle, as 80% of investment flowed through the region. Europe was second, with 14% of dollars, followed by Asia and Oceania with 2%.

The report divided companies into four focus areas: productivity improvement, green building, construction supply chain and future of construction.

Those who focused on improving productivity were the most active, claiming 54% of total investment dollars, according to the company. Green construction came in second, with 31% of funding, which includes solutions related to decarbonization, carbon capture, sustainable materials and water conservation. Supply chain and future technologies accounted for 8%.

For more information we leave you the link to the new.