- Despite the pandemic, the Construction and Technology ecosystem closes in 2020 with more than US$1.3 billion of investment in startups.
- CEMEX Ventures launches TOP50 Contech Startups with the most promising solutions in the ecosystem and adds a new category: safety and sustainability.
MONTERREY, MEXICO AND MADRID, SPAIN. December 14, 2020 – CEMEX Ventures, CEMEX’s Corporate Venture Capital and Open Innovation unit, today announced its TOP50 ConTech Startups list, which includes the 50 most promising new solutions from the 2020 construction ecosystem and the cities of the future.
The investment ecosystem in construction startups gets traction and closes the year 2020 surpassing US$1.3 billion of investment in startups. The previous record dates from 2018 with more than US$1.8 billion invested. Also, it is the fourth consecutive year in which the number of financing rounds exceeds 100. It should be noted that, in 2020, CEMEX Ventures is one of the companies that leads investment efforts in the ConTech ecosystem, positioning itself as one of the leaders in the industry.
This year, the TOP50 ConTech Startups list adds a new category between its resulting verticals, safety and sustainability, maintaining the three axes of the previous year: supply chain management, productivity of the construction project, and new materials and construction methods. Due to the global pandemic, many companies invest in security solutions, and new solutions reappear that previously occupied the bottom positions. The safety objective, which CEMEX has as a number one priority in recent years, will become a good bet during 2021, adding to sustainability.
CEMEX Ventures selects the TOP50 ConTech Startups with the projects it receives in its annual challenge for entrepreneurs in the industry, Construction Startup Competition, added to the flow of new solutions that it shares with its strategic network of investors and companies working in innovation and investment in construction, organized in five geographic groups: United States, Latin America, Europe, Middle East, and Asia-Pacific, as well as with the collection of multiple startups that contact them directly through events, social networks or its website.
The 2019 list has numerous solutions that, during 2020, obtained relevant investment rounds, bringing this industry closer to a more technological, digitized, and less fragmented environment. Also, some of the solutions from the 2019 selection participated and triumphed in the largest challenge for entrepreneurs in the industry, Construction Startup Competition 2020.
For more information on the 2020 TOP50 Construction Technology Startups list, please visit: www.cemexventures.com/top-50-2020/