Trusscore, a Kitchener, Ontario, Canada-based material science company that makes sustainable, improved alternatives for traditional building products, raised CDN$26m in Series A funding.
The round was led by Round13 Capital from its newly created Earth Tech Fund that will back companies with complementary environmental and commercial mandates.
The company intends to use the funds to accelerate its growth by building out its research and development and sales and marketing capabilities and drive additional manufacturing capacity.
Led by CEO Dave Caputo, Trusscore leverages advanced nanotechnology and material science to create new building products, including its innovative Trusscore Wall&CeilingBoard, a high-strength polymer alternative for drywall that aims to divert some of the millions of tons of drywall that end up in landfill each year.
During the past 18 months, the company has extended its reach in the agricultural and commercial sectors to the residential market, where its products have been used as an alternative to drywall in spaces like basements, garages and any household area.
Trusscore’s marketing and R&D teams are based at the Communitech Hub in Kitchener with manufacturing plants in Calgary, Alberta, Palmerston, Ontario., and Dayton, Ohio.
FinSMEs
15/10/2021