What is CarbonBuilt?
CarbonBuilt is a Los Angeles-based building materials company revolutionizing concrete production. The company has developed a proprietary process that injects carbon dioxide emissions from industrial sources, such as power plants, directly into concrete. This innovative approach not only offers a sustainable alternative for construction but also provides a valuable pathway for industrial carbon capture and utilization, positioning CarbonBuilt at the intersection of environmental technology and essential industry.
How much funding has CarbonBuilt raised?
CarbonBuilt has raised a total of $10M across 1 funding round:
Series A
$10M
Series A (2021): $10M with participation from Tony Pritzker, Lime Street Ventures, Grantham Environmental Trust's Neglected Climate Opportunities, and Climate Capital
Key Investors in CarbonBuilt
Lime Street Ventures
Lime Street Ventures is a venture capital firm that focuses on early-stage technology and life science companies, particularly within the Boston and Cambridge innovation hubs. They invest in startups with disruptive potential.
Climate Capital
Climate Capital is an investment firm specializing in renewable energy projects, with a focus on behind-the-meter solutions for commercial and industrial partners. They manage renewable energy assets and offer sustainable investment opportunities.
Grantham Environmental Trust's Neglected Climate Opportunities
Grantham Environmental Trust's Neglected Climate Opportunities is an initiative focused on supporting innovative solutions for climate change mitigation. Their investment targets areas with significant potential for environmental impact.
What's next for CarbonBuilt?
The recent major strategic investment signifies a pivotal moment for CarbonBuilt, likely enabling the company to scale its operations, expand its technological reach, and further commercialize its carbon-negative concrete solutions. This backing is expected to accelerate the company's growth trajectory, allowing it to capture a larger share of the building materials market while making a substantial impact on industrial emissions reduction. Future developments may include strategic partnerships for broader adoption and continued research into advanced material science.
See full CarbonBuilt company page
