The company has raised at least US$11.19 million so far from grants and fundraising rounds, according to PitchBook, though it has not disclosed the amounts of several investments. The Halifax-based firm makes concrete with a reduced carbon footprint. (The Globe and Mail, The Logic)
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The company has raised at least US$11.19 million so far from grants and fundraising rounds, according to PitchBook, though it has not disclosed the amounts of several investments. The Halifax-based firm makes concrete with a reduced carbon footprint. (The Globe and Mail, The Logic)
Talking point: CarbonCure said it has garnered attention since two major announcements. In September 2020, the company was among the first recipients of Amazon’s US$2-billion climate-pledge fund. In April, CarbonCure was announced as one of two winners of the NRG Cosia Carbon Xprize, a global competition to turn carbon-dioxide emissions into usable products. CEO Rob Niven told The Globe the company “will be out in the market again early next year for an upcoming financing round” and, though there’s no current timeline, an IPO “would certainly be a probable outcome.” It also announced Monday that it co-signed Amazon’s climate pledge, promising to reach net-zero carbon emissions by 2040.
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