CEMEX Ventures is the corporate venture capital and open innovation unit of CEMEX, focusing on sustainable solutions and challenges in the construction ecosystem.
The funding round was backed by investors including Sustainable Future Ventures and Regal London to further develop physical and digital technologies.
"Building energy efficient, affordable housing without the waste and carbon footprint that accompanies traditional construction has never been more critical. Modular delivery is really the only way the housing crisis can be resolved, but, for many, the upfront capital investment has held back the industry’s ability to scale. We are keen to prove that by collaborating with each other, the industry can move forward with transparency and cost certainty front and centre. That’s why we are delighted to have completed this Series A round in the most testing funding environment for decades. It’s a testament to the potential we have to solve the housing crisis and, to the amazing team we have built."
The funding round was backed by CEMEX Ventures, Blackhorn Ventures, and GroundBreak Ventures to support team expansion and software development.
"our digitally led approach to project management and innovative ‘kit of parts’ platform delivers sustainable, high quality housing at a fraction of the time of traditional construction. Modulous provides partners with the end-to-end tools necessary to accurately estimate project costs, compress programme timescales and mitigate against the risks inherent in planning, design, and implementation"