CarbonCure Technologies

Canada-based CarbonCure Technologies uses captured carbon dioxide (CO2) to produce green concrete products. The company’s innovative technology injects captured CO2 into the concrete mix; the reaction forms a nano-sized mineral (calcium carbonate) that makes the concrete stronger. 

By September 2021, CarbonCure was used by nearly 300 concrete producers across construction projects globally. CarbonCure concrete was also deployed at several high-profile projects including Amazon’s HQ2 building in Virginia and General Motors’ steel plant in Tennessee. 

In August 2019, CarbonCure entered into a strategic partnership with Linde (a global industrial gas and chemicals company) to expand its geographical reach in 25 countries across Europe, Southeast Asia, and Oceania. In October 2022, CarbonCure entered into a five-year agreement with BMO Financial Group , a Canadian financial service provider, to supply carbon credits. CarbonCure has several high-profile investors including Amazon, Breakthrough Energy Ventures, Microsoft, Shopify, Mitsubishi Corporation, and Carbon Direct. In February 2023, the company partnered with Heirloom , a DAC company, to build carbon-removing concrete.

CarbonCure’s most recent funding was in July 2023, when it raised USD 80 million in a venture funding round led by Blue Earth Capital. The proceeds were utilized to scale up the company’s product roadmap and geographical footprint by further expanding its reach to more territories.