CarbonCure

CarbonCure Raises $80M in Series D

CarbonCure has successfully raised $80M in a Series D at a $300M valuation led by Amazon Climate Pledge Fund, Microsoft Climate Innovation Fund, Breakthrough Energy Ventures, BDC Capital.

Company Overview

CarbonCure is a Climate Tech company headquartered in 24 Trider Crescent, Dartmouth, NS B3B 1R6, Canada, founded in 2007 with 120+ employees.

Carbon utilization in concrete

Fundraising Details

• Amount Raised: $80M
• Round Type: Series D
• Valuation: $300M
• Date: 2024-06-23
• Investors: Amazon Climate Pledge Fund, Microsoft Climate Innovation Fund, Breakthrough Energy Ventures, BDC Capital

About CarbonCure

Carbon utilization in concrete The company is positioned in the Climate Tech sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: 24 Trider Crescent, Dartmouth, NS B3B 1R6, Canada
• Founded: 2007
• Team Size: 120+
• Industry: Climate Tech

What This Means

This funding round demonstrates strong investor confidence in CarbonCure'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. CarbonCure's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $300M valuation marks an important milestone for CarbonCure, positioning the company among notable players in the Climate Tech industry.

Looking Ahead

With this new capital, CarbonCure 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 2024-06-23. For more information about CarbonCure, visit their headquarters at 24 Trider Crescent, Dartmouth, NS B3B 1R6, Canada.