Volvo Group Venture Capital invest in Zacua Ventures
Investment in global venture capital fund focused on early-stage technology for the construction industry
VOLVO Group Venture Capital AB have invested in Zacua Ventures Builders Fund I LP – a global venture capital fund focused on early-stage technology for the construction industry. The transaction is said to have no significant impact on the Volvo Group’s earnings or financial position.
Zacua Ventures was established in 2022 and focuses on start-ups working with emerging technologies that address decarbonization in the construction industry. The Zacua fund invests in companies working with at least one of three primary investment themes: productivity, sustainability, and urbanization.
‘Zacua Ventures provides us with early access to leading start-ups in the construction industry. Through this co-operation we look forward to connecting with more players at the forefront with innovative solutions that can make the construction industry more efficient and sustainable,’ said David Hanngren, investment director at Volvo Group Venture Capital.
Operating globally in North America, Latin America, Europe, and Asia, Zacua Ventures has access to the latest technology development in each region and its sub-sectors of construction technology, creating possibilities to invest in the most impactful solutions in, for example, sustainability, robotics, and digitization.
‘Volvo CE have the ambition to lead the transformation of the construction industry towards more sustainable site solutions and through Zacua Ventures we cover a broader technology portfolio, while also creating relationships to potential partners needed to meet future customer demands and target new value pools,’ said Carolina Diez Ferrer, head of Future Solutions at Volvo CE.
Zacua Ventures has gathered several corporate partners, with a total of 19 companies from across the globe with ties to the construction sector, Volvo Group being one of them.
‘We are excited to have Volvo Group on board with their large experience and ambitions to decarbonize the construction industry. We believe that our corporate network and the internal team’s understanding of both the construction and investment landscapes, makes Zacua Ventures uniquely positioned to act as a bridge between start-ups and corporate investors, unlocking new possibilities for collaboration and growth,’ said Juan Nieto, founding partner of Zacua Ventures.
Volvo Group Venture Capital were founded in 1997 and invest globally in venture companies. The aim is to drive transformation by facilitating the creation of new services and solutions and to support collaborations between start-ups and the Volvo Group. The market trends shaping the future of transportation and infrastructure solutions and the strategic priorities of the Volvo Group define the investment focus areas: logistics services, site solutions, electrification, and sustainability.
