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Modulous earns follow-on investment from Cemex Ventures
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CEMEX Invests in Startup Modulous
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CEMEX
Long on the hunt to lift the construction industry into a more technologically-advanced era, global building materials giant CEMEX is once again looking for startups for its annual competition.
Advancing technology and innovation in the construction industry is of critical importance as companies deal with major workforce shortages, as well as safety, supply chain, sustainability requirements and other challenges.
The first Construction Startup Competition took place in 2017, hosted by CEMEX Ventures, a venture capital and private equity branch of CEMEX. The startup companies recognized in this competition have gone on to make a name for themselves in the construction technology sector and often attract sizeable financing from investors. See if you recognized any of the winners from last year s competition here.
Dive Brief:
Major construction players CEMEX Ventures, Ferrovial, Dysruptek (a Haskell venture), HILTI, GS Futures, Vinci Groups’ Leonard platform and NOVA by Saint-Gobain are looking for transformative, innovative construction startups in the annual Construction Startup Competition.
This year’s program includes five categories for entrants: carbon footprint mitigation, supply chain management, efficient jobsites and built environment, advanced building materials and new construction methods.
Startups have until June 27 to apply in one of the categories that make up the fifth edition of the competition, which in the past selected startups that have gone on to commercial success.
Dive Insight:
Startups that apply will be introduced to networking opportunities with multinational companies, the CEMEX Ventures site says. Once the winners of the competition are announced on Oct. 26, they’ll get the chance to showcase their solution to the seven directors of the organizing compa
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CEMEX Ventures, CEMEX s Corporate Venture Capital and open innovation unit has announced the launch of its 2021 Construction Startup Competition and its renewed alliance with Ferrovial, Hilti, VINCI Group’s Leonard and NOVA by Saint-Gobain.
Following the success of what has become the industry s most promising startup competition, two major new global players have joined the alliance: GS Group, a leading Korean business conglomerate working in energy, construction and retail through its venture capital arm GS Futures, and Haskell, a leading fully integrated, single-source design-build American firm delivering solutions for the architecture, engineering and construction sector globally through their venture arm Dysruptek.
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