GOLDEN, CO, Terra CO2, a leading low-carbon building materials company, announced it has signed Series B equity commitments for $82 million from a mix of financial and strategic investors.
Co-led by Just Climate (established by Generation Investment Management), Eagle Materials, and GenZero, the round has also attracted interest from several industrial partners with formal announcements forthcoming. Seed and Series A lead investor Breakthrough Energy Ventures (BEV) also participated in this round, reaffirming its commitment to Terra's mission.
Terra enables their partners to unlock low-carbon cement from source to deployment. As the critical component in creating concrete, the foundation of modern infrastructure, cement is responsible for 8% of the world's CO2 emissions. The CO2 and NOx emissions associated with cement make finding an alternative to current solutions a climate imperative.
Unique to Terra is their capability to work across a diverse range of silicate rock mineralogy, not constrained by feedstock availability. Terra's technology allows the company to create sustainable construction materials with the most abundant and accessible raw materials on earth from already approved and open mines.
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