Ferguson Launches Corporate Venture Capital Fund for Industry Innovation
NEWPORT NEWS, Va. — Ferguson Enterprises announced the launch of Ferguson Ventures, the company’s Corporate Venture Capital (CVC) and strategic partnering arm focused on innovation and disruption. This week, it formalized its first strategic partnership with GTP Services, a software provider in the construction industry.
Ferguson recognizes its customers are currently facing unprecedented challenges with the shortage of skill trade professionals and the need for construction productivity. Ferguson Ventures was created to help discover, invest in, and partner with companies and start-ups to accelerate the use of emerging technologies to help solve these industry problems. Specifically, it supports endeavors that include: