What is CarbonCure?
CarbonCure provides a proprietary retrofit technology that chemically mineralizes waste carbon dioxide during the concrete manufacturing process. This innovation not only enhances the strength of concrete but also significantly reduces its carbon footprint, addressing a critical need for greener building materials in the construction industry. Based in Dartmouth, Nova Scotia, CarbonCure is at the forefront of developing scalable solutions for CO2 utilization, positioning itself as a key player in the fight against climate change within the built environment sector.
How much funding has CarbonCure raised?
CarbonCure has raised a total of $87.7M across 5 funding rounds:
Series A
$2M
Series B
$1.3M
Series C
$3M
Private Equity
$1.4M
Private Equity
$80M
Series A (2012): $2M with participation from Innovacorp
Series B (2013): $1.3M led by 350 Capital, Innovacorp, Shaw Group, and BDC Venture Capital
Series C (2015): $3M, investors not publicly disclosed
Private Equity (2016): $1.4M, investors not publicly disclosed
Private Equity (2023): $80M backed by Taronga Ventures and Breakthrough Energy Ventures
Key Investors in CarbonCure
Taronga Ventures
Taronga Ventures is a leading investor at the intersection of technology and real assets, focusing on driving innovation across the real asset sector. They invest in transformative technologies that impact real estate and infrastructure, aiming to create measurable change for a better built environment through sustainable practices.
Breakthrough Energy Ventures
Breakthrough Energy Ventures (BEV) invests in cutting-edge companies that will lead the world to net-zero emissions. BEV has more than $2 billion in committed capital to support bold entrepreneurs building companies that can significantly reduce emissions from agriculture, buildings, electricity, manufacturing, and transportation.
What's next for CarbonCure?
With major enterprise-level backing and a recent strategic investment, CarbonCure is poised for accelerated expansion and technological advancement. The company's focus on sustainable concrete production aligns with global efforts to decarbonize heavy industries. Future growth is likely to involve scaling its retrofit technology deployment across a wider range of concrete producers, further R&D into advanced material science, and potentially exploring new applications for CO2 utilization. This strategic financing will enable CarbonCure to solidify its market leadership and drive significant environmental impact.
See full CarbonCure company page
