Report: Construction productivity startups get the biggest piece of the $4.5B contech funding pie

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

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