Home » Holcim invests in Suffolk Technologies’ $110m venture fund

Holcim invests in Suffolk Technologies’ $110m venture fund

by Liam Turner
A businessman going through company finances with a digital overlay on the image

Switzerland-based building materials firm Holcim has confirmed its investment as a limited partner in Suffolk Technologies’ $110m (c.£85m) venture capital fund.

The fund serves to support startups at the forefront of disruptive innovation in the building industry, from sustainability to AI.

Holcim says that, with its “unique position” across the building value chain, it will bring “advanced” market knowledge to Suffolk investments to ensure best alignment with high-growth market needs.

Jit Kee Chin, EVP 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, head of Strategy at Holcim, said: “We are excited to invest in Suffolk Technologies to support the most promising startups at the forefront of innovative and sustainable building solutions.

“At Holcim, we take an active role in the startups we invest in, from deploying our capabilities to giving them access to our operations to maximise their growth.

“By joining Suffolk Technologies, we look forward to empowering disruptive startups to transform how we build, accelerating low-carbon and circular construction, all the way to making buildings more sustainable in use.”

Suffolk Technologies is the venture capital investment arm of construction enterprise Suffolk.

More on Holcim:

Image credit: SFIO CRACHO/Shutterstock

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