CEMEX Ventures Invests in X3 Builders, a Vertically Integrated General Contractor

CEMEX Ventures Invests in X3 Builders, a Vertically Integrated General Contractor

October 22, 2019
CEMEX Ventures, CEMEX’s open innovation and Corporate Venture Capital unit, announced today its investment in X3 Builders.

X3 Builders is a vertically integrated general contractor that combines architectural design, material procurement, and construction services to provide clients with a one-stop solution and a seamless transition from design to construction.
This California-based startup is a completely new type of general contractor due to its 100%
technological approach. It provides real-time pricing during the design process to reduce cost
uncertainty and wasteful redesign efforts. It also standardizes material selection and works directly
with suppliers to procure materials, eliminating submittals and lead-time delays. Their in-house
software helps to manage the process end-to-end, simplifying the complexities of construction and
automating most of the construction administration and accounting process.
Although X3 Builders was founded just over a year ago, the startup’s employees boast vast
experience in both the construction industry and the entrepreneurial world. The company started
out by exploring payment automation processes, and it went on to further develop its solution to
include the automation of the complete construction management process. Thanks to the team’s
extensive experience in the field, they have been able to incorporate solutions to everyday needs.
By having more data readily available and controlling the pre-construction phase, it’s possible to
simplify many of the subsequent processes in the project’s life cycle and to reduce overall project
costs. That is why so many property owners are willing to try this end-to-end solution, relying on the
transparency and regional pricing data offered by X3 Builders. This type of client forms part an
increasingly common profile, defined by this American startup as modern owners and tenants with a
technological spirit.
Gonzalo Galindo, CEO of CEMEX Ventures, said, “Our investment in X3 Builders is a tremendous
boost for the digitization of the construction industry. It allows us to get to the very heart of the
digital and technological world—which is the path that all construction companies will end up taking.
We can also help this start-up to continue to expand and become more established in the different
phases of a construction project’s life cycle, such as design and supply chain.”
Launched in 2017, CEMEX Ventures focuses on helping overcome the main challenges and
capitalizing on the opportunity areas in the construction ecosystem through sustainable solutions.
CEMEX Ventures has developed an open collaborative platform to lead the revolution of the
construction industry, engaging startups, entrepreneurs, universities, and other stakeholders to
tackle the challenges in the construction environment and shape the industry’s future.


For more information about CEMEX Ventures please visit www.cemexventures.com




For more information and press enquiries please contact sarah.murphy@cemex.com