Pangaea Ventures leads $3m investment in green concrete technology firm CarbonCure

CarbonCure Technologies,  a green technology company serving the concrete sector, has closed a $3 million Series C investment round.

The oversubscribed round was led by Pangaea Ventures, a world leader in advanced materials venture capital. The investment will be used to accelerate sales in the concrete masonry sector, and expand CarbonCure’s CO2 utilization technology platform into the ready mixed concrete sector.
 
Pangaea is joined by investors from the previous investment rounds including BDC Capital, as well as several new strategic investors from the construction, clean technology and industrial gas industries, including Power Generations, a Florida-based cleantech investment fund.
 
Investors from previous rounds are pleased with the ongoing growth the company is enjoying. “We continue to be impressed with CarbonCure’s progress creating value for concrete producers, architects and builders; now is the time for rapid commercial rollout, which this funding round will fuel,” said Tony Van Bommel, Partner at BDC Capital.
 
Pangaea invests in high-growth companies utilizing advanced materials technology to solve critical global challenges. “Pangaea has been following CarbonCure for several years now and we are delighted to now be partnered with this industry leading team. With a scalable, capital efficient business model and attractive customer economics, we see no reason why the company’s technology won’t be ubiquitous in the industry within a few years,” said Andrew Haughian, partner with Pangaea Ventures.

Source
 

(Visited 79 times, 1 visits today)

Get involved

Register

As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us

Jobs

Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs

Advertise

Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.