Company empowering disruptive start-ups at forefront of innovative and sustainable building solutions
HOLCIM have announced their investment as a limited partner (LP) in Suffolk Technologies’ US$110 million venture capital fund, supporting start-ups at the forefront of disruptive innovation in the building industry, from sustainability to artificial intelligence (AI).
As part of this fund, Holcim are committed to supporting the most promising start-ups by giving them access to capital as well as their global technology, expertise, and operations to maximize their growth and scale-up potential. Holcim say that with their unique position across the building value chain, they will bring their advanced market knowledge to Suffolk investments to ensure best alignment with high-growth market needs.
Jit Kee Chin, executive vice-president of Suffolk and co-founder and managing partner of Suffolk Technologies Fund 1, said: ‘We are thrilled to have Holcim as an investor in our Fund, supporting the growth of forward-thinking, visionary construction start-ups and technologies that will help transform the built world.’
Ram Muthu, Holcim’s head of strategy, said: ‘We are excited to invest in Suffolk Technologies to support the most promising start-ups at the forefront of innovative and sustainable building solutions.
‘At Holcim, we take an active role in the start-ups we invest in, from deploying our capabilities to giving them access to our operations to maximize their growth. By joining Suffolk Technologies, we look forward to empowering disruptive start-ups to transform how we build, accelerating low-carbon and circular construction, all the way to making buildings more sustainable in use.’
Suffolk Technologies are a leading venture capital investor in construction technologies. The platform’s portfolio includes building solutions to achieve verifiable carbon neutrality, innovative energy storage solutions to electrify construction sites, and AI-driven solutions that improve job site planning and processes.
Through their open innovation ecosystem, Holcim engage with hundreds of start-ups worldwide to scale up new technologies, accelerating the construction industry’s transition to net zero.