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Venture Capital News: Fortera Pulls In $85M Series C Round

2024-08-20
SAN JOSE, CA, To meet the growing demand to lower the cement industry's carbon emissions, advanced materials manufacturer Fortera secured $85 million in Series C funding.
Fortera has secured $85 million in Series C funding to scale the deployment of its low-carbon cement technology that integrates with existing infrastructure. The round included participation from previous investors Khosla Ventures and Temasek, and first-time investments from Wollemi Capital, NOVA by Saint-Gobain, Presidio Ventures, and Alumni Ventures. With operations at the company's Redding ReCarb Plant underway, Fortera is positioned to move forward with additional plants that will produce ReAct® green cement, which has 70% less carbon dioxide (CO2) per ton than ordinary cement.

Fortera is a pioneering materials technology company paving the way to zero CO2 cement. Drawing on more than ten years of real-world product demonstration and 100+ patents, Fortera is now operating its first ReCarb® Plant in Redding, California. The plant utilizes the ReCarb process, a groundbreaking method to manufacture low-carbon cement within the existing production infrastructure. This transformative bolt-on technology seamlessly integrates with current cement facilities, leveraging the entire production framework, from machinery to feedstocks, to ensure a globally scalable solution for sustainable cement manufacturing. The resulting product, Fortera's ReAct® green cement, is market-ready, meets regulatory standards, and can be blended with or used in place of traditional cement.
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