Fund Backed By Gates, Bloomberg, Bezos Invests In CarbonCure
CarbonCure Technologies has landed a funding round from an investment group comprising Bill Gates and some of the world’s richest people, and will use the money to expand internationally.
The Dartmouth-based company said in a statement today that it has received a Series C round of investment, led by Breakthrough Energy Ventures, one of the world’s most sought-after clean technology investment partners. The investment group is chaired by Microsoft Co-Founder Gates, and the investors include multi-billionaires Michael Bloomberg, Jack Ma, Prince Alwaleed Bin Talal, Jeff Bezos and Richard Branson.
CarbonCure would not place a dollar amount on the round, but in an interview CEO and Co-Founder Robert Niven said it was the largest round yet for the company that has raised a total of about $10 million in several rounds. The other investors in the latest round include Toronto-based GreenSoil Building Innovation Fund and previous investor BDC Venture Capital.
What the world’s richest people are investing in is a technology that cures concrete by injecting it with CO2 that would otherwise be emitted into the atmosphere. The technology, which is being used in 105 concrete plants in the U.S. and Canada, reduces builders’ costs while producing a strong concrete.
Read more about this story in Entrevestor.