CRH Ventures
UnclaimedAt a Glance
- Stage
- Seed, Series A, Series B+
- Sectors
- Climate, AI, Other
- Founded
- 2022
- HQ
- Dublin, Ireland
About CRH Ventures
CRH Ventures is the corporate venturing and innovation fund of CRH, the building materials group. It describes itself as investing ambitiously and strategically in ConTech and ClimateTech start-ups to form partnerships that will shape the future of the construction industry. Its first investment, in AICrete, was announced in November 2022, and the unit says that since 2022 it has invested in and collaborated with more than 20 companies worldwide. Its listed contact address is in Dublin, with further CRH offices in New York, Atlanta and Madrid, and its head is based in Germany.
The unit organizes its work around four themes: aggregates, cementitious materials, roads and water. Investments follow those lines. In cement and materials it backs AICrete (AI-based concrete mix optimization), Carbon Upcycling Technologies and EnviCore (supplementary cementitious materials), Sublime Systems (electrochemical cement) and Cool Planet Technologies (membrane carbon capture). In water it led FIDO AI's Series B in October 2024 and VODA.ai's Series A in June 2025. In roads it made a strategic investment in Citylogix in January 2026. It also played a role in Oldcastle APG's acquisition of Yardzen.
The distinctive element is the link between investment and CRH's operations. The Sublime Systems deal gave CRH priority site selection rights and offtake from Sublime's first commercial plant. VODA.ai works with Oldcastle Infrastructure on its CivilSense platform. CRH Ventures also runs themed accelerators (Water Solutions in 2023, Roads of the Future in 2024, Sustainable Building Materials in 2024 and Water Infrastructure in 2026) that place start-ups into paid pilots with CRH businesses. EnviCore moved from accelerator winner to portfolio company in September 2026.
Investment Thesis
“CRH Ventures says it invests in and partners with companies tackling four themes that make construction safer, smarter, more efficient and more sustainable: aggregates, cementitious materials, roads and water. It offers expertise, scale and relationships alongside capital, citing CRH's R&D facilities, roughly 4,000 operating locations in 28 countries and its position across the construction value chain to help start-ups test product-market fit and reach end clients. Its accelerators target Seed, Series A and Series B companies with market-ready products. The unit describes its approach as testing and building evidence alongside portfolio companies before wider deployment, with particular emphasis on decarbonizing cement and concrete and on reducing water loss in utility networks.”
Sector Focus
Investment Stage
Notable Portfolio Companies
Key Team (8)
Murari Perumalsamy
Head of CRH Ventures
Annie Dong
Managing Director
Chris Fortunato
Vice President
Tulika Raj
Vice President
Ramy Fam
Vice President
Jorge Gomis
Manager
Nicola Bertolini
Associate
Ben Kavanagh
Associate
Fund History
CRH does not publish a fund size, vehicle structure or annual allocation for CRH Ventures, and no separate fund vehicle was identified. The unit invests on behalf of CRH, often as strategic equity paired with commercial terms such as offtake agreements, pilots or site rights. Disclosed deal pace is a few announced investments a year: AICrete (2022), Carbon Upcycling (2023, with a follow-on in 2025), Sublime Systems, FIDO AI and Cool Planet (2024), VODA.ai (2025), and Citylogix and EnviCore (2026). The unit says it has invested in or collaborated with more than 20 companies since 2022.
Frequently Asked Questions
What stage does CRH Ventures invest at?
CRH Ventures primarily invests at the Seed, Series A, Series B+ stages. This means they focus on companies that are building their initial product and finding product-market fit.
Where is CRH Ventures located?
CRH Ventures is headquartered in Dublin, Ireland. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does CRH Ventures focus on?
CRH Ventures focuses on investments in Climate, AI, Other. Their portfolio reflects deep expertise and networks within these sectors.
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