Zacua Ventures has closed its second fund at $135 million. The global venture capital firm backs early-stage technology for the built environment. Fund II was 35% oversubscribed and attracted more than 30 institutional and corporate investors.
Fund focus and backers
Fund II more than doubled the size of the firm's $56 million debut fund. It will invest across the Physical Industries, including construction, energy, mining, and manufacturing. Corporate LPs include Volvo Group Venture Capital, Holcim Maqer Ventures, Hilti Venture, and Trimble Ventures.
Fund I track record
Since launching Fund I, Zacua has invested in 34 early-stage companies across 11 markets. The full portfolio is still operating, with no down rounds to date. Document Crunch, a construction risk-management platform, was acquired by Trimble this year.
First Fund II investments
Zacua has already begun deploying Fund II. Origin Robotics, CURA Climate, and Neuron Factory are among the early recipients. CURA Climate raised $10 million led by Zacua for a pilot plant that can cut cement emissions by up to 85%.
Zacua plans to apply the same early-stage conviction and founder-first philosophy across the Physical Industries. The firm will continue to use its corporate network to help founders move from prototype to deployment. Its model includes customer introductions and support with fundraising syndicates.