What is Fortera?
Headquartered in Los Gatos, California, Fortera specializes in advanced carbon capture and utilization (CCU) solutions. The company's core technology focuses on capturing CO2 directly from stationary emitters, such as power plants and cement manufacturing facilities. Unlike traditional sequestration methods that store carbon underground, Fortera permanently converts captured CO2 into mineral forms, effectively creating sustainable, cementitious materials. This dual-purpose approach not only mitigates industrial greenhouse gas emissions but also provides a circular economy solution for the construction industry, which is historically one of the most carbon-intensive sectors globally.
How much funding has Fortera raised?
Fortera has raised a total of $130.8M across 5 funding rounds:
Unspecified
$15M
Unspecified
$19.9M
Unspecified
$10.6M
Debt
$350K
Series C
$85M
Unspecified (2010): $15M with participation from Peabody Energy
Unspecified (2010): $19.9M led by U.S. Department of Energy
Unspecified (2011): $10.6M, investors not publicly disclosed
Debt (2020): $350K featuring PPP
Series C (2024): $85M backed by Khosla Ventures and Temasek
Key Investors in Fortera
Temasek
Founded in 1974, Temasek is a global investment company headquartered in Singapore. We are a generational investor, seeking to make a difference always with tomorrow in mind.
U.S. Department of Energy
The Department of Energy operates as a Cabinet-level federal agency responsible for formulating and implementing comprehensive energy policy while managing critical national security interests.
Peabody Energy
Founded in 1883, Peabody Energy engages in coal mining business and supplies coal primarily to electricity generators, industrial facilities, and steel manufacturers.
What's next for Fortera?
With the successful closure of this major strategic investment, Fortera is poised to accelerate the commercial deployment of its mineralization technology. The capital will likely be directed toward scaling manufacturing capacity and expanding pilot programs to demonstrate the viability of its carbon-negative building materials at an industrial scale. As regulatory pressures on heavy industry intensify, Fortera's ability to integrate seamlessly into existing supply chains provides a distinct competitive advantage. Future strategic initiatives will likely focus on forming partnerships with global cement producers to integrate its mineralization process into standard production workflows, thereby establishing a new standard for low-carbon construction materials.
See full Fortera company page
