Investment in construction tech hits record levels
By Andy Brown02 December 2021
Investment in the construction technology ecosystem reached a record level of US$4.5 billion in 2021, triple the amount of money invested in 2020, according to information released from Cemex Ventures.
According to the company – which has just released its annual listing of the world’s top 50 construction startups – the previous record was set in 2018 with US$1.8 billion.
In the ‘Top 50 ConTech Startups 2021 list’ there were more companies offering the industry sustainable solutions than ever before.
“As we predicted last year, sustainable solutions saw a spike in investment from leading companies and investors,” said Gonzalo Galindo, Head of Cemex Ventures.
“We will continue seeing this trend in 2022, as well as more companies betting on solutions that help deal with the supply chain hurdles that the industry is experiencing. Supply chain management had been struggling pre-pandemic and with Covid-19, the challenges increased.”
From the selection, North America and Europe are the leading regions and the US is the country with the most companies in the Top 50 ConTech Startups 2021.
Other regions in the list include Latin America, the Middle East and Asia-Pacific, with UK, Germany, and Israel having more participants selected in the list as these countries are driving significant investment for the ConTech ecosystem.