investments highlight how money managers are looking beyond
traditional infrastructure projects, such as toll roads and
airports, to burgeoning technologies.
"The overarching theme is that technology is revolutionizing the
infrastructure world," Stephan Feilhauer, senior vice president
at Macquarie Capital, said in an interview.
Macquarie said in a statement it had backed AirMap, a provider
of airspace information for drone operators, and Envoy
Technologies, which offers on-demand electric vehicles in urban
areas. It also put money into soil analytics company Teralytic.
The investments are part of Macquarie Capital Venture Studio (MCVS),
which was set up with R/GA Ventures about a year ago to back and
support emerging tech companies relating to infrastructure.
The companies will receive about $1 million of cash and support
services with the possibility of a further $10-$20 million of
follow-on investment, Feilhauer said.
Earlier investments out of MCVS include Zero Mass Water, which
aims to produce water from sunlight and air, and cyber security
start-up Mission Secure, Inc.
"Infrastructure technology, or 'InfraTech' is a crucial theme
for Macquarie and we absolutely look to continue making further
investments in that space," said Feilhauer.
(Reporting by Joshua Franklin in New York; Editing by Susan
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