DECEMBER 11, 2024
Teleo Raises $16.2M in Series A Extension
Teleo, a company building autonomous technology for heavy equipment, has announced it has raised US$16.2M in Series A extension funds.
Leaping to build the future together!
startups growing
countries piloting
Cemex sites innovating
Internal & external experts sharing
Leaping to build the future together!
To expedite the growth of high-potential startups, we have designed Leaplab as a platform for joint experimentation, co-creation, and transformation.
By providing strategic services, real-scale pilots, and enabling Cemex’s resources and network of experts, our ambition is to catalyze learning, boost growth, and find synergies between innovative startups and Cemex to foster the construction industry revolution.
Cemex Ventures Leaplab offers an acceleration journey focused on business development, tech and product, ESG approach, and strategic networking.
Your solution can be validated and enhanced through a real-scale co-financed pilot leveraging Cemex’s facilities across the globe and extensive network in the construction industry.
We count on an unmatched panel of experts and mentors specialized in construction, disruptive business models, and technology.
With Cemex Ventures Leaplab as a powerful milestone in your startup’s journey, there is the opportunity for further engagement with Cemex after the program as either a supplier or partner.
We aspire to bridge your startup with Cemex’s network, Cemex Ventures’ growth experts, and other disruptive players in the Contech ecosystem.
This Frequently Asked Questions (FAQ) section is designed to provide general information about Cemex Ventures Leaplab Accelerator Program. The questions and answers are not intended to be exhaustive. In no event will Cemex Ventures be bound to the information given in this FAQ section. No legally binding obligations will be created until the corresponding agreements are executed by Cemex Ventures and the participants in the Program. For the avoidance of doubt, the terms of such agreements may differ from the information given in this FAQ section.
A startup accelerator program launched by Cemex Ventures, the Corporate Venture Capital and open innovation arm of Cemex, to support high-potential solutions applicable to the construction technology space. Our purpose is to support and give visibility to global entrepreneurs who are willing to disrupt the construction industry and are interested in accelerating their solution’s development by leveraging Cemex’s resources and industry knowledge.
Cemex Ventures Leaplab’s offering mainly includes:
The program lasts 16 weeks, with potential adjustments due to holidays or breaks.
Yes, it is open to any startup with a solution that can be connected to the strategic challenges of Cemex’s global operations and the greater construction industry. There will be no territorial limitation to participate in the program.
Backed by one of the global building materials leaders, Cemex Ventures has become a worldwide recognized partner and top investor in the industry by virtue of its results that signal a strong commitment to supporting the construction technology (Contech) entrepreneurial ecosystem.
Cemex Ventures Leaplab offers unique opportunities for co-development and shared value. If you are a high-potential startup with ambitions to revolutionize the industry and build a better future for all, then this program is for you.
Cemex Ventures Leaplab is looking for audacious startups that can shake up the construction industry with their innovative value propositions.
The program targets high-potential startups with solutions that address critical challenges connected to our company’s strategic priorities and are aligned with Cemex Ventures’ four focus areas:
1) Green Construction
2) Enhanced Productivity
3) Construction Supply Chain
4) Future of Construction
Yes, we accept startups who have graduated from other acceleration programs. Please be transparent and open about your past, potential and ongoing activities with other acceleration programs so we can ensure full respect for all parties’ policies and processes.
Yes, your startup can still join Leaplab. However, please consider that this program´s offering does not imply any financial commitment from Cemex Ventures to engage in the future fundraising of its cohort’s startups. Instead, opportunities will be assessed on a case-by-case basis.
No, there is no application fee.
We are looking to engage in long-term relationships with successful startups in each cohort should their results from the collaboration show positive and strategic value.
In consideration of Cemex’s devotion of significant resources to the program, should Cemex Ventures decide to participate in a financial round of, or enter into a services agreement with, a participant, our company will be entitled to a discount based on the total contribution made to such participant during the program.
It is mostly virtual, although in-person interactions are expected if pilot planning and execution require it. Additionally, startups in the 2023 cohort will be asked to meet in person for the Connection Day event toward the end of the program.
Teleo, a company building autonomous technology for heavy equipment, has announced it has raised US$16.2M in Series A extension funds.
Property technology platform Podium has raised US$15.1M in Series A round led by software giant Autodesk.
Visibuild, a Melbourne-based construction technology company, has raised US$6.6M in its initial funding round.