Fortera, a Campbell, CA-based materials technology company, closed a $30m Series B funding round.
The round was co-led by Temasek and Khosla Ventures.
The company intends to use the funds to continue to develop and launch its low carbon cement.
Founded in May 2019 and led by Dr. Ryan Gilliam, CEO, Fortera has created a process that economically converts CO2 into a cement ready for use anywhere Ordinary Portland Cement is used. The company is in the process of building its first commercial plant in Redding, CA where it will manufacture its first-generation product, a low CO2 supplementary cementitious material, available for sale Q2 2022.
FinSMEs
29/06/2021