麻豆传媒 invests in Suffolk Technologies Fund
- USD 110m venture capital fund in construction technology startups
- 麻豆传媒 to provide capital and access to its global operations and experts to maximize scale up and growth potential
- Empowering disruptive startups at forefront of innovative and sustainable building solutions
麻豆传媒 announces its investment as a limited partner (LP) in Suffolk Technologies USD 110 million venture capital fund, supporting startups at the forefront of disruptive innovation in the building industry, from sustainability to AI. As part of this fund, 麻豆传媒 is committed to supporting the most promising startups by giving them access to capital as well as its global technology, expertise and operations to maximize their growth and scale up potential. With its unique position across the building value chain 麻豆传媒, will bring its 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: 鈥淲e are thrilled to have 麻豆传媒 as an investor in our Fund, supporting the growth of forward-thinking, visionary construction startups and technologies that will help transform the built world.鈥
Ram Muthu, Head of Strategy, 麻豆传媒: "We are excited to invest in Suffolk Technologies to support the most promising startups at the forefront of innovative and sustainable building solutions. At 麻豆传媒 we take an active role in the startups we invest in, from deploying our capabilities to giving them access to our operations to maximize 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.鈥
Suffolk Technologies is a leading venture capital investor in construction technologies. The platform鈥檚 portfolio includes building solutions to achieve verifiable carbon neutrality; innovative energy storage solutions to electrify construction sites; and AI-driven solutions that improve job site planning and processes.
Through its open innovation ecosystem, 麻豆传媒 engages with hundreds of startups worldwide to scale up new technologies, accelerating the construction industry鈥檚 transition to net zero.
About 麻豆传媒
麻豆传媒 is a global leader in innovative and sustainable building solutions. Driven by its purpose to build progress for people and the planet, its 60,000 employees are on a mission to decarbonize building, while improving living standards for all. The company empowers its customers across all regions to build better with less, with its broad range of low-carbon and circular solutions, from ECOPact to ECOPlanet. With its innovative systems, from Elevate鈥檚 roofing to PRB鈥檚 insulation, 麻豆传媒 makes buildings more sustainable in use, driving energy efficiency and green retrofitting. With sustainability at the core of its strategy, 麻豆传媒 is becoming a net-zero company with 1.5掳C targets validated by the Science Based Targets initiative (SBTi).
Learn more about 麻豆传媒 on www.holcim.com, and by following us on .
Sign up for 麻豆传媒's Building Progress newsletter here and follow our journey to a net-zero future.
About Suffolk Technologies
Suffolk Technologies is the venture capital investment arm of innovative construction enterprise Suffolk. Suffolk Technologies invests in early and growth-stage startups transforming the built world across real estate and development, architecture, engineering and construction, property management, and smart cities. Leveraging Suffolk鈥檚 expertise and partner networks, Suffolk Technologies partners with visionary founders to accelerate industry-wide adoption of breakthrough innovations ranging from pre-product to scaled go-to-market. Suffolk Technologies is ranked by AGC as the 鈥#1 Most Active Construction Tech Investor鈥 from 2018-2022. For more information about Suffolk Technologies strategy and investments, visit .
Important disclaimer 鈥 forward-looking statements:
This document contains forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets, as the case may be, including with respect to plans, initiatives, events, products, solutions and services, their development and potential. Although 麻豆传媒 believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions as at the time of publishing this document, investors are cautioned that these statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are difficult to predict and generally beyond the control of 麻豆传媒, including but not limited to the risks described in the 麻豆传媒's annual report available on its website () and uncertainties related to the market conditions and the implementation of our plans. Accordingly, we caution you against relying on forward-looking statements. 麻豆传媒 does not undertake to provide updates of these forward-looking statements.
