Solidia Technologies, a Piscataway, N.J.-based low-carbon cement and concrete company, raised $78m in funding.
The round was led by Imperative Ventures and Zero Carbon Partners, joined by new investors Canada Pension Plan Investment Board (CPP Investments), Breakthrough Energy Ventures, Prelude Ventures, and PIVA Capital, as well as existing investors John Doerr, BP, OGCI Climate Investments, Bill Joy, Kleiner Perkins, BASF Venture Capital, LafargeHolcim, Total Carbon Neutrality Ventures, Air Liquide Venture Capital, and others.
The company intends to use the funds for the continued development and deployment of its technologies to accelerate the decarbonization of critical building materials industries.
Led by newly named CEO Bryan Kalbfleisch, Solidia provides manufacturers with low-carbon cement and concrete products to produce superior building and construction materials.
Kalbfleisch brings over two decades of experience leading manufacturing operations producing concrete, asphalt, and other building materials. He comes to Solidia from Summit Materials, an aggregates-based construction materials company, where he served as president of both its Texas Region and Houston-based Alleyton Resource. Kalbfleisch also previously served as president of Fayetteville, Ark.-based APAC Central for Oldcastle (CRH), North America’s largest manufacturer of building products and materials. His career was launched in the ready-mix concrete division of Central Pre-Mix Concrete Company, a Spokane, Wash.-based firm that was sold to Oldcastle in 1997.
FinSMEs
30/04/2021