Funding Zacua Closed a $135M Second Fund. The Limited Partners Are Also the Buyers. Announced 10 November: Fund II at $135 million, 35% oversubscribed and more than double the $56m debut fund, with Volvo, Holcim, Hilti, Trimble, Acciona, DPR and Mortenson among more than 30 LPs. Construction stays the core; the mandate now reads 'Physical Industries'. The first three cheques went to Origin, CURA Climate and Neuron Factory. Hugo Pegley · Nov 12, 2026
