Dubai Future District Fund Backs Zacua Ventures' $135 Million Fund

Venture capital firm Zacua Ventures has closed its second investment fund at $135 million, with participation from Dubai Future District Fund and more than 30 institutional and corporate investors. The fund exceeded its original fundraising target by 35% and is more than twice the size of its $56 million debut fund.

The new fund will invest in early-stage startups developing technologies for construction, critical infrastructure, manufacturing, energy and mining. Its strategy focuses on robotics, artificial intelligence, industrial automation and data-driven solutions designed to address labour shortages, improve productivity and simplify complex industrial operations.

Investors include Volvo Group Venture Capital, Holcim Maqer Ventures, Hilti Venture, Trimble Ventures, Acciona, DPR Construction and Mortenson. Zacua Ventures aims to use these relationships to connect portfolio companies with industry partners, potential customers and real-world testing environments.

The firm has already begun deploying capital from the fund, with early investments including Origin Robotics, which develops autonomous robots for interior construction work; CURA Climate, which is developing technology to reduce cement production emissions by up to 85%; and Neuron Factory, an AI-powered construction project management platform.

Zacua Ventures' first fund backed 34 startups across 11 markets, with the firm reporting that all remain operational. Its portfolio includes Document Crunch, which was acquired by Trimble, and Gravis Robotics, which secured a $200 million Series A round.