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CarbonCure raises $80m in a Series A funding round led by Prime Movers Lab to advance DAC installations for carbon removal.

PRIVATEMar 13, 2024

Amount Raised

$80 Million

Round Type

Series A

TorontoManufacturingConstructionBuilding MaintenanceBuilding Material

Investors

Siemens Financial ServicesAramco VenturesAmazon’s Climate Pledge FundPrime Movers Lab

Description

CarbonCure has successfully completed a $80 million Series A financing round to further technology development, supporting early installations, and pre-selling over $26 million in carbon removal credits to global firms. The round was led by Prime Movers Lab and included investment from Amazon’s Climate Pledge Fund, Aramco Ventures, and Siemens Financial Services.

Company Information

Company

CarbonCure Technologies

Location

Toronto, Ontario, Canada

About

CarbonCure Technologies focuses on innovative low-carbon concrete solutions by injecting captured CO2 into fresh concrete. The company aims to expand its global footprint while reducing emissions from construction materials. With a strong commitment to sustainability, CarbonCure is at the forefront of the building materials sector.

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Related People

1 contact
Verified contactsRobert N., Member Board of Directors hiddenSee plans and pricing
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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

CarbonCure Technologies raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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