What is Serious Materials?
Serious Materials is dedicated to developing and manufacturing sustainable building materials that aim to substantially reduce the environmental impact of the built environment. Their product line features advanced solutions such as Serious Windows, QuietRock® soundproof drywall designed for dense urban construction, and EcoRock, an eco-friendly alternative to standard drywall that significantly cuts production energy and CO2 emissions. The company has garnered considerable recognition, including being voted #1 at Cleantech Venture Forum XII and receiving accolades from TIME/CNN, Fortune, and Business Week for its commitment to innovation and environmental conservation.
How much funding has Serious Materials raised?
Serious Materials has raised a total of $129.8M across 3 funding rounds:
Series B
$50M
Series C
$60M
Series D
$19.8M
Series B (2007): $50M with participation from Foundation Capital, Rustic Canyon Partners, and New Enterprise Associates
Series C (2009): $60M led by Foundation Capital, Mesirow Financial, New Enterprise Associates, Rustic Canyon Partners, EnerTech Capital, and Navitas Capital
Series D (2010): $19.8M supported by Navitas Capital, EnerTech Capital, Mesirow Financial, VantagePoint Capital Partners, New Enterprise Associates, Rustic Canyon Partners, Staenberg Venture Partners, Cheyenne Capital, and Saints capital
Key Investors in Serious Materials
Foundation Capital
Foundation Capital is a venture capital firm that partners with bold founders building category-defining technology companies, supporting entrepreneurs from the earliest stages through long-term growth with deep operational and strategic expertise. With a history of backing transformative ideas, the firm focuses on innovation that reshapes industries, guided by a strong belief in conviction, collaboration, and a commitment to lasting impact.
New Enterprise Associates
Established in 1977 and headquartered in Menlo Park, California. New Enterprise Associates(NEA) is a venture capital firm focused on helping entrepreneurs build businesses.
Rustic Canyon Partners
Rustic Canyon Partners is an early stage venture capital firm that focuses on investing in exceptional entrepreneurs who are building transformational companies. The firm is currently not making new investments. Their intended clients are innovative startups and entrepreneurs seeking funding to grow their businesses. Located in Los Angeles, California, they aim to support the next generation of impactful companies.
What's next for Serious Materials?
The company's consistent access to substantial funding, including its recent major strategic investment, positions it for continued expansion and innovation in the green building materials market. This sustained financial backing suggests a focus on scaling production, further research and development into climate-friendly construction solutions, and potentially expanding its market reach. Serious Materials appears to be in a growth phase, leveraging its established reputation and award-winning products to solidify its position as a leader in sustainable construction technology.
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