Dubai - Sharikat Mubasher: Zacua Ventures, a global venture capital firm focusing on early-stage technology for the built environment, closed its second fund, Fund II, at $135 million, with participation from Dubai Future District Fund among other investors.

Participants span the construction, materials, engineering, infrastructure, real estate, and technology industries, including Volvo Group Venture Capital, Holcim Maqer Ventures, Hilti Venture, Trimble Ventures, Acciona, DPR Construction, and Mortenson, the company revealed in a recent press release.

Zacua Ventures’ Fund II focuses on the physical industries, the foundational sectors that build, power, and operate the modern world, spanning construction, critical infrastructure, manufacturing, energy, and mining.

Mauricio Tessi Weiss, Founding Partner at Zacua Ventures, said: “Our team has lived the operational realities of these industries, not just studied them. That's the difference between backing a good idea and knowing whether it will actually survive a job site. Our corporate network gives us a direct view into how technologies get evaluated and adopted, and that's what lets us help founders close the gap between a working prototype and a real deployment."

Zacua Ventures’ Fund II targets companies building the technology layer for the future of the Physical Economy, just as global infrastructure faces accelerating pressure.