CarbonCure, a Halifax, Canada-based provider of carbon removal technologies, raised $80M USD in Equity funding.
The round was led by Blue Earth Capital, with participation from existing shareholders, including Breakthrough Energy Ventures, Taronga Ventures, Amazon’s Climate Pledge Fund, Microsoft Climate Innovation Fund and 2150. New strategic investors included BH3 Growth Equity (BH3) and Samsung Ventures (Corporate VC fund backed by Samsung C&T).
The company intends to use the funds to boost the global scale of its carbon removal technologies across the concrete industry and expand its supply of carbon credits.
Led by CEO Robert Niven, CarbonCure Technologies is a carbon dioxide removal tech company that has developed solutions enabling concrete producers to use captured carbon dioxide to make low carbon concrete mixes. Its technologies have already been used to produce nearly five million truckloads of lower carbon concrete, saving 290,000 metric tons of carbon dioxide, equivalent to taking 64,000 gas-powered cars off the road for a year.
FinSMEs
11/07/2023