What is ecoLocked?
ecoLocked is pioneering the use of biochar, a product of Biochar Carbon Removal (BCR) technology, to permanently sequester carbon. The company's initial product offerings are biochar-based concrete admix materials. These materials not only sequester captured carbon within the built environment but also reduce the reliance on traditional raw materials like cement and sand. Each ecoLocked product is meticulously engineered to meet or exceed specific concrete performance characteristics, including enhanced strength, reduced weight, improved durability, better insulation, and advanced pollution filtration capabilities. This dual focus on carbon sequestration and material enhancement positions ecoLocked as a key player in sustainable construction.
How much funding has ecoLocked raised?
ecoLocked has raised a total of $4.3M across 1 funding round:
Angel/Seed
$4.3M
Angel/Seed (2024): $4.4M with participation from Matterwave Ventures, Haci Omer Sabanci Holding, VOYAGERS.io, and Climentum Capital
Key Investors in ecoLocked
Matterwave Ventures
Matterwave Ventures is a European venture capital firm specializing in early-stage hardware and software companies within the Industrial Technologies sector, focusing on climate tech and industrial transformation.
Haci Omer Sabanci Holding
Haci Omer Sabanci Holding A.S. is a major Turkish industrial and financial conglomerate with diverse business units, including cement, energy, and automotive, indicating a strategic interest in foundational industries.
VOYAGERS.io
VOYAGERS.io is a global community of impact-driven individuals and investment funds focused on early-stage climate-tech and health-tech startups, supporting collaborative efforts to address global challenges.
What's next for ecoLocked?
With this major strategic investment, ecoLocked is poised for significant scaling and further product development. The company's focus on biochar-based concrete admix materials addresses critical environmental concerns within the construction industry, a sector known for its substantial carbon footprint. Future endeavors will likely involve expanding production capacity, forging new partnerships within the construction and materials science sectors, and potentially exploring new applications for their carbon-sequestering technology. The enterprise-level backing suggests a trajectory towards broader market adoption and a strengthened position in the climate tech landscape.
See full ecoLocked company page
