Ferguson's investment arm is in weekly contact with portfolio companies and expects digitisation to be more widely adopted in the construction industry as work practices change.
Ferguson Ventures, the corporate venturing subsidiary of US-based plumbing and heating product supplier Ferguson, is concentrating on its portfolio companies in the face of the coronavirus-fuelled downturn, managing director Blake Luse told Global Corporate Venturing.
The unit launched in August 2018 and concentrates on construction and property-related technologies. It has since built up a portfolio including domestic services marketplace Homee and PypeServer, which provides software to manage steel-pipe manufacturing.
“Right now, we are staying very close to our…
