CarbonBuilt
CarbonBuilt Raises $45M in Series B
CarbonBuilt Raises $45M in Series B
CarbonBuilt has successfully raised $45M in a Series B at a $150M valuation led by Breakthrough Energy Ventures, Radicle Growth, Energy Impact Partners, The Engine.
Company Overview
CarbonBuilt is a Climate Tech company headquartered in Los Angeles, CA, founded in 2020 with 70+ employees.
Low-carbon concrete technology
Fundraising Details
- Amount Raised: $45M
- Round Type: Series B
- Valuation: $150M
- Date: 2024-08-17
- Investors: Breakthrough Energy Ventures, Radicle Growth, Energy Impact Partners, The Engine
About CarbonBuilt
Low-carbon concrete technology The company is positioned in the Climate Tech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Los Angeles, CA
- Founded: 2020
- Team Size: 70+
- Industry: Climate Tech
What This Means
This funding round demonstrates strong investor confidence in CarbonBuilt's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Climate Tech sector continues to attract significant investment as companies innovate to meet evolving market demands. CarbonBuilt's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $150M valuation marks an important milestone for CarbonBuilt, positioning the company among notable players in the Climate Tech industry.
Looking Ahead
With this new capital, CarbonBuilt is well-positioned to execute on its growth strategy and continue building innovative solutions in the Climate Tech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2024-08-17. For more information about CarbonBuilt, visit their headquarters at Los Angeles, CA.
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