CarbonCure builds easy‑to‑adopt technologies that inject captured carbon dioxide into concrete mixes to reduce embodied carbon and differentiate producers in a growing market for greener building materials. The company reports roughly 750 systems sold across more than 30 countries and says its technology has produced nearly five million truckloads of lower‑carbon concrete. CarbonCure estimates those volumes have avoided about 290,000 metric tons of CO2. The business positions its solutions for both decarbonizing cement use and reducing solid waste and water use in production. The new funding is intended to support CarbonCure’s growth plans and accelerate its product roadmap. The company has received recognition including the Carbon XPRIZE Grand Prize and placement on the 2022 CNBC Disruptor 50 list. CarbonCure Technologies develops technologies that store CO₂ and recycle waste within concrete production to lower water, cement and carbon intensity. The company’s commercial technology enables production of concrete with reduced carbon and material use. CarbonCure’s stated mission is to reduce embodied carbon in the built environment by 500 million tonnes annually by 2030. The company completed its final Carbon XPRIZE technology demonstration in Alberta in 2020 after being one of 38 shortlisted contenders in 2015. CarbonCure has received recognition including Breakthrough Energy Solutions Canada and inclusion on the 2021 Narwhal List, and has sold carbon offsets to Shopify. The company plans to use recent prize funds to accelerate its mission and invest in social equity initiatives. Headquartered in Halifax, Nova Scotia, CarbonCure develops a retrofit technology that enables concrete producers to use waste carbon dioxide to produce stronger, lower‑embodied‑carbon concrete. The company is used by nearly 300 concrete producers and supplies projects ranging from highways to high‑rises and airports. CarbonCure says its solutions allow producers to deliver low embodied carbon concrete in an efficient, non‑disruptive, and profitable way. The company intends to use the new capital to accelerate its product roadmap and geographical expansion. CarbonCure has set a goal of removing 500 megatonnes of CO2 annually from the concrete industry by 2030.

Total raised

$88M

Funding rounds

3

Latest round

Equity

Latest activity

Jul 2023