Manchester-based Concretene snaps £3M for carbon-saving construction tech
10/14/24, 7:27 AM
Location
manchesterMoney raised
£3 million
Industry
biotechnology
manufacturing
Investors
Local Globe, Molten Ventures
Manchester-based nanotechnology firm Concretene has secured £3M investment to bring its graphene-enhanced concrete admixture to market, a revolutionary solution aimed at reducing carbon emissions in construction. Molten Ventures led the venture capital funding round, with additional backing from LocalGlobe, which previously supported Concretene in building its core team.
Company Info
Location
manchester, england, united kingdom
Additional Info
Concretene is a Manchester-based nanomaterial technology company aiming to decarbonise the concrete industry. Founded by civil engineers Rob Hibberd and Alex McDermott, it develops a graphene-enhanced admixture intended to reduce the carbon footprint of concrete. The company collaborates with key industry partners and utilizes innovative technologies from research centers such as The University of Manchester’s Graphene Engineering Innovation Centre. With recent venture capital backing, Concretene is poised for rapid commercialization of its environmentally friendly products.