Zacua Ventures has closed its second fund at $135 million, more than doubling its $56 million debut fund and exceeding its initial target by 35%.
More than 30 institutional investors participated in the fund, including the Dubai Future District Fund, alongside funds and companies from the construction, building materials, infrastructure, energy and technology sectors.
The fund will back startups working across what Zacua calls “physical industries,” including construction, critical infrastructure, manufacturing, energy and mining. The firm is targeting companies that combine software, robotics, data analytics and industry expertise to address challenges such as labor shortages, complex project execution and low productivity.
Zacua said it has invested in 34 startups across 11 markets since launching its first fund, with all of those companies still operating. Its portfolio includes Document Crunch, which was acquired by Trimble, robotics company Gravis Robotics and modular data center developer Flexnode.
Early investments from the new fund include Origin Robotics, which develops autonomous robots for interior building finishing; CURA Climate, which aims to reduce cement production emissions by up to 85%; and Neuron Factory, an AI-powered construction project management platform.
The firm said its investor network gives portfolio companies access to potential customers, strategic partners and operational expertise in industrial markets.
Source: Jawlah
