Dive Short:
- Construction startups targeted on boosting productivity received the huge majority of the $four.5 billion that flowed into the room this yr, according to a report on the top fifty contech startups in 2021 from CEMEX Ventures, the corporate enterprise capital arm of Mexico-based mostly design materials firm CEMEX.
- Other strong classes in the contech environment include startups targeted on green design, the supply chain and instruments reshaping the traditional design approach, according to the report.
- Currently achieving report stages of funding in 2021, the president of CEMEX Ventures expects that fee of funding into contech startups to proceed in 2022.
Dive Perception:
Investments in contech in 2021 to day have tripled the volume invested in 2020. This report breaking yr will conclusion with not only a major improve in expense, but also with the most funding rounds and acquisitions produced within just the contech ecosystem, according to the