Holcim invests in venture capital fund Suffolk Technologies
Holcim invests in the venture capital fund Suffolk Technologies. The fund, which belongs to the construction company Suffolk, promotes start-ups that advance innovative construction solutions. It now has 110 million dollars at its disposal for this purpose.
Zug-based building materials company Holcim is investing in venture capital fund Suffolk Technologies, according to a media release. The amount of the investment is not disclosed there. According to media reports, the amount is in the high single-digit millions.
According to its own announcement, Suffolk Technologies now has 110 million dollars at its disposal to support innovative start-ups in the construction industry. Among other things, the focus will be on construction solutions that focus on sustainability or artificial intelligence.
According to Holcim, the company will not only be involved as an investor. The company also wants to offer start-ups access to its technologies and expertise. Holcim’s goal is to drive the sustainable transformation of the industry, for example through low-carbon and circular construction.
Suffolk Technologies is part of the American construction company Suffolk and is based in the US state of Massachusetts.