The first half of 2025 brings good news and some pretty exciting numbers when it comes to the investment landscape — and we’re here to tell you all about it. 📈
That said, the game has changed compared to previous years, with disruptive technologies taking center stage. Interesting, right? Here are some insights from the Cemex Ventures investment team, who’ve gathered the most relevant takeaways from 2025 so far.
Let’s go!
Table of Contents
Q2 2025 Summary
Q2 2025 was busier than ever! Investments totaled US$660.5M across 91 deals. Compared to Q2 2024, the total amount invested increased slightly by 19%, while the number of deals rose by 24%.
- Total Investment: $660.5M
- Total number of deals: 91
Taking a big-picture view of H1 2025, total investment volume reached US$2.023 billion, marking a significant 55% increase compared to the same period in 2024. Another clear sign of growth: the number of deals rose to 192, representing a 31% increase over the first half of 2024.
Investment by Focus Area
Technologies focused on productivity improvement and disruption are receiving the most attention in 2025 so far. The breakdown by investment amount in Q2 2025 across Cemex Ventures’ four market-driven opportunity areas was:
- Enhanced Productivity: 45%
- Future of Construction: 30%
- Green Construction: 15%
- Construction Supply Chain: 10%
Key Note: It’s important to highlight the sharp drop in investment in sustainable solutions (Green Construction) during this period. Historically, this category has consistently ranked alongside Enhanced Productivity as one of the top two fastest-growing technology areas.
This phenomenon may be driven by reduced interest in the U.S., stemming from the new administration’s deprioritization of sustainability. Meanwhile, Europe continues to move toward a greener economy and industry, albeit at a slower pace. We’ll keep an eye on green construction deals in the coming quarters to better understand long-term trends.
45% of the deals were related to AI, which continues pushing productivity transactions this year.
In terms of investment share (%), Enhanced Productivity has clearly emerged as the dominant focus area, accounting for 45% of total funding. This includes solutions such as geotechnical analysis, BIM and digital twins, health and safety tools, and project tendering, among others.
Close behind was Future of Construction, capturing 30% of total investment, a notable resurgence for a focus area that has rarely held such a strong position. It includes technologies like 3D printing, robotics, smart buildings, and automated construction.
Investment by Region
The majority of Contech and Cleantech investment in Q2 2025 was concentrated in North America, continuing a trend seen over the past few years, with figures very similar to those in Q2 2024 (2024: 55%, 2025: 57%). As usual, Europe followed, also maintaining a comparable share to the same period last year (2024: 30%, 2025: 29%).
North America & Europe are leading compared to other regions (86% of the deals) in the first half of the year
Below is the breakdown of investment amounts by region for Q2 2025:
Top Deals in Q2 2025
Every month, our investment team tracks and compiles the top deals in Contech and Cleantech. Here are our top 3 picks:
- Gecko Robotics raised $125M in Series D: Gecko Robotics, which uses robots and AI to help organizations including the U.S. military inspect and monitor critical infrastructure, raised a $125 million Series D, bringing its valuation to $1.25 billion. Read more!
- AIM secured $50M in new funding: AIM Intelligent Machines, Seattle-area startup that retrofits heavy earthmoving machinery to operate autonomously, raised $50 million in new funding. Read more!
- Buildots closed $45M in Series D: Buildots raised $45 million in a Series D funding round led by Qumra Capital, with participation from OG Venture Partners, TLV Partners, Poalim Equity, Future Energy Ventures, and Viola Growth. Read more!
Key Takeaways from our Experts
Closing out H2, here are our main takeaways 🔍
- Q2-2025 showed improved investment figures and deal activity compared to the same quarter last year, although it dropped compared to Q1-2025, where we registered a relevant investment volume of +$1,360M.
- The first half of 2025 showed strong results ($2,023M) compared to the same period of 2024 ($1,304M) and 2023 ($1,228M).
- Activity continues to increase, especially in early-stage rounds (pre-seed to series A).
- Strategics were active during the period with relevant deals, especially in the cement industry. Cemex Ventures closed 2 deals during this period (Terra CO2 and Optimitive).
- In the first half of the year, productivity and green construction projects account for two-thirds (66%) of the total invested capital.
Whether you’re a startup, SME, corporate, building professional, media journalist, or just plain curious, we’d love to hear from you! Reach out through our website or follow us on LinkedIn and X.
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