Venture Capital: Cemex Ventures Invests In Carbon Footprint Platform Vizcab
“This investment reinforces our commitment to sustainable construction and our decarbonization goals.” – Gonzalo Galindo, director of Cemex Ventures.
Cemex Ventures, the venture arm of Mexican cement giant Cemex (NYSE: CX), has taken a notable stride in promoting sustainability in the construction industry through a strategic investment in Vizcab, a French startup at the forefront of revolutionizing carbon footprint considerations in buildings. Founded in Lyon in 2015 by Thomas Jusselme and Guillaume Lafont, Vizcab employs a data-driven approach to calculate the Life Cycle Analysis (LCA) of buildings.
The startup’s digital platform offers a comprehensive view of a building’s carbon footprint throughout its lifecycle, going beyond operational emissions to include carbon embedded in construction materials. (Contxto)
According to Gonzalo Galindo, director of Cemex Ventures, Vizcab had the valuable ability to facilitate collaboration among stakeholders for managing carbon strategies throughout a project’s lifecycle. Vizcab therefore aligns with Cemex Ventures’ commitment to sustainable construction and decarbonization goals.
The investment also supports Vizcab’s vision of promoting the construction of more sustainable buildings in compliance with environmental regulations like France’s “RE 2020.” This collaboration reinforces Cemex Ventures’ Green Construction investment pillar, positioning the Mexican cement company as a driver of digital solutions in the construction industry. The partnership exemplifies how large companies can collaborate with innovative startups to propel industry change and advance toward a more sustainable future.
In a global context where sustainability is a priority, this collaboration promises a significant step in the right direction, contributing to the evolution of the construction industry towards more environmentally responsible practices.
Vizcab caters to more than 120 clients and boasts a user base exceeding 2,000 individuals throughout the construction value chain.
Related Story: Material Evolution Nabs $19M For Technology To Decarbonize Cement
Latest Alternative Investment News
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…