CarbonCure has closed a strategic investment which will allow it to expand into international markets and commercialise value-added solutions for the concrete industry. Breakthrough Energy Ventures led the series round and has gained a seat on CarbonCure's board of directors.
The Breakthrough Energy Ventures fund was created to help accelerate the world’s transition to clean energy. The round includes the GreenSoil Building Innovation Fund and a follow-on investment by the Industrial, Clean and Energy Technology Venture fund of BDC Venture Capital. Investors from previous rounds include Pangaea Ventures, 350 Capital, Innovacorp, Brightpath Capital Partners, Neo Ventures, the Shaw Group, Power Generations, and Carmanah Management.
Carmichael Roberts of Breakthrough Energy Ventures, says the company invests in technology which has the potential to eliminate a half gigaton of greenhouse gas emissions per year.
“CarbonCure represents a triple threat in achieving this goal: compelling economics with a solution that delivers value for customers from day-one, products in market today, and a measurable impact on reducing carbon emissions in the built environment,” Roberts adds.
Jamie James, GreenSoil Building Innovation Fund managing partner, says: “Through GreenSoil’s relationship with Toronto real estate developer Tridel, who incorporated the CarbonCure Technology into a series of high-rise construction projects, we saw the benefits of using CO2 to reduce our buildings’ environmental footprint.
