Aaand set! New Zealand’s Neocrete develops an additive to make low-carbon concrete at a low cost. Now, they’ve just raised $3.5M!

Investor check. Wavemaker Ventures led the round, with Icehouse Ventures and Catalytic Capital for Climate and Health joining.

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🫸🏼 The ABCs of Neocrete

Did you know? Around 8% of the world’s total carbon dioxide emissions come from the cement manufacturing industry.

Founded in 2018, Neocrete has developed a proprietary additive that enables manufacturers to replace 30 to 50% of conventional cement with low-quality materials such as fly ash and volcanic ash. 

• This reduces both the cost and carbon emissions of cement without affecting its performance.

• They work with cement and ready-mix concrete producers to help more companies transition to low-carbon building materials.

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In real life. Their tech is currently being used in SEA through Readymix Brunei, where their cement solution is being used in the redevelopment of the Muara Port. 

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👣 Their next steps

With the fresh capital, Neocrete will deepen its deployment in SEA. 

• They’ll also expand into the European and US markets.