CarbiCrete, Montreal developer of a mix design and curing methodology capturing up to 150 kg (330 lbs.) of carbon dioxide emissions for every metric ton of concrete produced, has secured $12 million at the first close of its Series A financing round. Leader FS Investors, a private entity based in La Jolla, Calif., was joined in the round by ARC…
Read More
Sources: CarbiCrete, Montreal; CP staff CarbiCrete, developer of a mix design and curing methodology capturing up to 150 kg (330 lbs.) of carbon dioxide emissions for every metric ton of manufactured concrete produced, has secured $12 million at the first close of its Series A financing round, with a second close anticipated in the coming weeks. Round leader FS Investors,…
Read MoreMontreal-based CarbiCrete continues to ramp up commercialization efforts of its carbon-negative process for manufactured concrete production through an industrial-scale pilot project in partnership with Quebec hardscape manufacturer Patio Drummond. The cleantech company plans to produce up to 25,000 concrete masonry units (CMUs) daily at the Drummondville, Quebec plant when production begins in August 2020.
Read More