A major investment by Blue Earth Capital of Switzerland, concurrent with a broader collaborative funding round north of $80 million, positions CarbonCure Technologies to accelerate a plant process and information technology roadmap driving carbon dioxide utilization and sequestration in concrete. The capital infusion was announced days after Nova Scotia-based CarbonCure surpassed 750 CO2 metering and dosing equipment installations at concrete plants in North America and 25-plus overseas countries.
“The backing of this special syndicate is an exciting endorsement of our company as a go-to solution for low embodied carbon concrete, a leader in carbon removal technologies, and a provider of the highest quality credits in the voluntary carbon market,” says CarbonCure CEO Robert Niven. “This latest investment underscores the growing appetite across the public and private sectors for proven solutions and the most impactful strategies to advance industrial decarbonization and accelerate carbon removal pathways that are immediate, permanent and verifiable.”
“As part of our Climate Growth Strategy, we look to support promising companies enabling the redesign or supplementation of major industrial processes by using lower carbon-intensive materials and/or enabling raw materials to be reused,” observes Blue Earth Capital Head of Private Equity Kayode Akinola. “CarbonCure’s technologies achieve both, on the one hand enabling concrete production with less carbon-intensive cement and on the other creating less solid waste and using less fresh water.”
Joining his firm in the latest funding round are existing CarbonCure shareholders Breakthrough Energy Ventures, Taronga Ventures, Amazon Climate Pledge Fund, Microsoft Climate Innovation Fund and 2150, plus new investors BH3 Growth Equity and Samsung Ventures (Corporate VC fund backed by Samsung C&T).