TLDR:
- Cemvision, a green cement startup, raised €10 million in a seed funding round to provide sustainable and resource-efficient cement.
- The company’s innovative approach involves using recycled materials and green electricity to significantly lower carbon emissions.
In a recent announcement, climate tech startup Cemvision revealed that it has secured €10 million in a seed funding round to further develop its high-performance, ultra-low CO2 footprint cement. Founded by Paul Sandberg, Claes Kollberg, and Marcus Olsson in 2020, Cemvision aims to offer an alternative to traditional Portland cement by utilizing recycled materials from industrial waste and employing kilns powered by green electricity at lower temperatures, resulting in a 95% lower carbon footprint.
Building materials, particularly cement, are a major contributor to global greenhouse gas emissions, accounting for approximately 8% of total CO2 emissions. With the production of traditional cement generating over 900 kg of CO2 emissions for every 1000 kg of material produced, Cemvision’s sustainable approach holds significant promise for reducing the environmental impact of construction projects.
The recent seed funding round, led by Sweden-based investors BackingMinds and Polar Structure, with participation from Zacua Ventures, reflects growing interest in sustainable solutions within the construction industry. Cemvision’s success in pilot production of fossil-free cement and securing a green cement supply agreement in Sweden has positioned the company as a leader in the global sustainable construction market.
CEO Oscar Hållén expressed excitement about the investment, emphasizing the company’s commitment to advancing sustainable practices in the industry. BackingMinds founding partner, Susanne Najafi, praised Cemvision’s alignment with environmental and regulatory needs, highlighting the company’s potential to catalyze change in the sector.
With a focus on innovation and sustainability, Cemvision’s €10 million funding boost signifies a significant step towards achieving its mission of providing eco-friendly, high-performance cement solutions for the construction industry.
