ClimateCrete, a Menlo Park, CA-based sustainable construction aggregates startup, raised $3.3M in Series A funding.
The round was led by Capital K, joined by KAUST Innovation Ventures, the venture arm of Saudi Arabia’s King Abdullah University of Science and Technology (KAUST).
The company intends to use the funds to expand operations and its business reach.
ClimateCrete is a startup that converts previously unusable local sand into a sustainable new aggregate for concrete manufacturing, making concrete production sustainable by enabling production locally with a much reduced carbon footprint. The company is delivering its first prototypes for concrete production to partners in Saudi Arabia, where more than $1.1 Trillion in real estate and infrastructure projects are in development.
The firm also announced the appointment of its first CEO, Peter Hadrovic.
FinSMEs
05/12/2023