CarbonCure Technologies, a Canadian green technology company serving the concrete sector, has closed a $3 million Series C investment round.
Pangaea Ventures, a world leader in advanced materials venture capital, is said to have led the oversubscribed round. The investment will be used to accelerate sales in the concrete masonry sector, and expand CarbonCure’s CO2 utilisation technology platform into the ready-mixed concrete sector.
Joining Pangaea are investors from the previous investment rounds including BDC Capital, as well as several new strategic investors from the construction, clean technology and industrial gas industries, including Power Generations, a Florida-based cleantech investment fund.
Investors from previous rounds are said to be pleased with the ongoing growth the company is enjoying. “We continue to be impressed with CarbonCure’s progress creating value for concrete producers, architects and builders; now is the time for rapid commercial rollout, which this funding round will fuel,” said Tony Van Bommel, Partner at BDC Capital.
Pangaea invests in high-growth companies utilising advanced materials technology to solve critical global challenges.
