Investments in contech in 2021 to date have tripled the amount invested in 2020. This record breaking year will end with not only a significant increase in investment, but also with the most funding rounds and acquisitions made within the contech ecosystem, according to the CEMEX report.
“Venture capital is starting to flow into construction technology more and more frequently,” said Gonzalo Galindo, president of CEMEX Ventures. “Four or five years ago, contractors were not investing, they were testing concepts. Today, you can see contractors are really investing in venture capital as well. And that, as a result, has been a huge increase in the amount of money flowing into this.”
