CRH, the Ireland-headquartered global building materials heavyweight, has launched its new venture capital unit, CRH Ventures.
CRH Ventures will support the development of new technologies and innovative solutions to meet customers’ increasingly complex needs and evolving trends in construction.
With access to a $250 million venturing and innovation fund to invest, CRH Ventures will partner with construction and climate technology companies operating across the construction value chain.
CRH Ventures will focus on cutting-edge technologies at the core of the construction industry’s changing landscape, investing in companies developing the next generation of advanced sustainable building products and accelerating the industry’s path to decarbonisation. It will also look at investing in expanding automation and off-site construction methods to build more efficiently and safely, leveraging digital technologies to build smarter while increasing market efficiency and optimisation to deliver better customer value.
Albert Manifold, CRH’s chief executive, said the launch of CRH Ventures demonstrated the group’s continued commitment to investing in new technologies that will shape tomorrow’s built environment. He added: “CRH Ventures will serve as a valuable partner to start-ups and entrepreneurs that will benefit from the technical capabilities, knowledge and expertise of a global industry leader to pilot and scale new technologies and innovations that will enable safer, smarter, and more sustainable construction.”
CRH Ventures is actively pursuing investment opportunities, having already partnered with digitalisation and decarbonisation-minded construction and climate technology start-ups. For more information, visit www.crhventures.com.
