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.

Key customers and partnerships

CarbonCure has partnered with numerous concrete producers and is licensed to over 800 concrete plants across 35 countries. 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 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. In November 2023, CarbonCure Technologies partnered with Deloitte Canada to provide carbon credits in a multi-year agreement for the latter's climate action strategy and expand CarbonCure’s technology globally.

Funding and financials

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.