CRH establishes new venture capital unit to support new tech

By Catrin Jones20 December 2022

CRH plc, a building materials solutions company, has announced CRH Ventures — its venture capital unit — which will support the development of new technologies and innovative solutions to meet the increasingly complex needs of those in the industry and evolving trends in construction.

The company says that with access to a US$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 is said to be investing in companies that are: developing the next generation of advanced sustainable building products and accelerating the industry’s path to decarbonisation, expanding automation and off-site construction methods to build more efficiently and safely, leveraging digital technologies to build smarter, and increasing market efficiency and optimisation to deliver better value for customers.

Albert Manifold, Chief Executive of CRH, said, “The launch of CRH Ventures demonstrates our continued commitment to investing in new technologies that will shape the built environment of tomorrow. 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.”

The Construction Technology Survey 2022 is a way to gather the technology trends and sentiment in the construction industry, organised by Construction Europe and International Construction magazine.

Construction businesses across the globe will be surveyed on their current use of technology and how they see this developing in the future. The survey takes just a couple of minutes to complete, with results treated anonymously and confidentially.

Once complete, results will be published in a white paper across all KHL construction sites.

The results provide readers with valuable insight into how technology is currently being used in the industry and its prospects for the future.

To take part in the Construction Technology Survey 2022, please click the link below:

https://www.surveymonkey.co.uk/r/CD5YSBX

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