LOS ANGELES (October 6, 2021) CarbonBuilt has raised $10 million in Series A funding, led by Grantham Environmental Trust’s Neglected Climate Opportunities, with participation from Tony Pritzker, Lime Street Ventures, Climate Capital, YouWeb IV: Impact, Foundamental and others. This injection of capital will be used to expand the CarbonBuilt team, further enhance its ReversaTM technology, and develop its first commercial projects.
“We are honored to have such stellar investors standing behind the company,” said Rahul Shendure, CEO of CarbonBuilt. “They share our conviction that carbon dioxide utilization has a critical near-term role to play in humanity’s path towards a zero carbon future. Enabled by CarbonBuilt’s technology, the concrete products industry is uniquely positioned to deliver on this promise.”