Participated · Equity · Jul 2023

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.

Led · Seed · Nov 2017

Gridics, based in Miami, FL, develops Zonar, a map-based zoning code application and proprietary rules engine that shows 3D, by-right development potential for specific parcels. The platform lets users customize usage scenarios such as residential, mixed-use, office, hotel, or commercial. Gridics launched Zonar.City to expedite assessment of development potential and to streamline plan review workflows. Led by CEO Jason Doyle, the company secured a contract with the City of Miami in April 2017 to use the Zonar.City platform for development plan reviews. Gridics is expanding nationwide, beginning with all five boroughs of New York City in Q1 2018. The company recently raised seed funding to support its growth and rollout. Gridics, founded in 2015 by CEO Jason Doyle, combines disparate real estate data sets into a single hyper-local data platform. From that platform the company creates software applications that help users make smarter investment and development decisions while streamlining fractured processes in the real estate world. Its patent-pending Zonar.City application aims to enable cities to improve zoning and planning analysis and to automate development feasibility analysis and development plan approval processes for architects, developers and attorneys. Gridics recently announced the beta launch of a Market Intelligence application, which allows real estate professionals to conduct hyper-local market analysis across the Gridics database. The company is focused on further strengthening its product and driving adoption of Zonar.City. Financially, Gridics has raised over $2M of development capital to date.