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-1.43320421467327E-05 0.000637124419063558 0.00128858088027403 0.00194003734148432 -0.00183841013353566 0.00415498930959946 0.0020051829876053 0.0030475133255418
Stock impact report

Zacua Ventures Closes $56 Million Fund to Invest in the Next Generation of Construction Technology [Yahoo! Finance]

Procore Technologies, Inc. (PCOR) 
Company Research Source: Yahoo! Finance
SAN FRANCISCO, February 27, 2024 BUSINESS WIRE Zacua Ventures , a global venture capital fund focused on early-stage technology for the construction industry, today announced the close of its inaugural fund. In conjunction with the fund close, Zacua also announced that it recently led a $9-million seed round for data infrastructure startup Flexnode Zacua's fund is unique among early-stage VC funds because of its large group of corporate Limited Partners (LPs), which includes 19 companies from across the globe with ties to the construction sector. Participants in the fund include Procore, the leading global provider of construction management software, Volvo, a manufacturer of trucks, buses and construction equipment, and sustainable construction materials company Cemex. Due to strong investor interest, Zacua's fund, which was initially targeting $50 million, surpassed its initial fundraising target by more than 10%. "While recent macroeconomic headwinds posed challenges to ventur Show less Read more
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