Overview
Cocoon Carbon, a UK-based company, has secured €13 million ($15 million) in a Series A funding round to develop scalable cement substitutes known as supplementary cementitious materials (SCMs). Co-led by 2150 and Brick & Mortar Ventures, the funding aims to address the growing demand for low-carbon construction materials by converting steel slag into high-performance SCMs. The company’s technology promises to reduce concrete's embodied CO2 by up to 40% while being cost-competitive, supporting the deployment of its first commercial demonstration facility in the U.S.
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Investors: 2150, Brick & Mortar Ventures
Cocoon Carbon, a UK-based company, has secured €13 million ($15 million) in a Series A funding round to develop scalable cement substitutes known as supplementary cementitious materials (SCMs). Co-led by 2150 and Brick & Mortar Ventures, the funding aims to address the growing demand for low-carbon construction materials by converting steel slag into high-performance SCMs. The company’s technology promises to reduce concrete's embodied CO2 by up to 40% while being cost-competitive, supporting the deployment of its first commercial demonstration facility in the U.S.