CalStar Products, Inc., a Newark, CA-based producer of eco-friendly and green bricks, has closed a $15m equity investment.
Nth Power, a venture capital fund focused on energy and cleantech investing, led the equity round that includes new investors The Westly Group and Clearpoint Capital as well as continuing investors Foundation Capital and EnerTech Capital.
The capital infusion will enable the company to fund the growth and expansion of its green building materials business.
CalStar Products develops and manufactures building products that allow green architects and specifiers to dramatically reduce the energy and CO2 footprint of their projects and incorporate significant recycled materials, without compromising building performance or budgets.
CalStar’s revolutionary facing brick and hardscape pavers require 85% less energy and generate 85% less carbon dioxide in their manufacturing as a result of CalStar’s proprietary recipe and process.
In January, the company opened its first manufacturing plant in Caledonia, Wisconsin.
CalStar has assembled a network of 29 brick dealers across the U.S. to serve the significant demand for these products from architects and builders for their LEED building and sustainable hardscape projects.