ECOncrete has completed a multi-million dollar fundraise to expand its global operations – bringing biodiversity, ecological enhancement and asset protection to coastal cities, ports and offshore infrastructure.
The company’s bio-enhancing technology can be applied in any type of concrete-based marine infrastructure to improve ecological uplift, while fully complying with high-performance construction standards. Its track record is based on scientific data and unrivalled expertise from more than 10 years of ecological monitoring of real-world installations which, in turn, guarantees predictable outcomes.
Now the company is set to accelerate its global growth after completing a USD $14m fundraise from major impact and institutional investors. The US-headquartered company has delivered high-profile projects around the world, from New York to New Zealand and many in between. Now, on the back of increasing global demand, ECOncrete is charting a course to expand its capacity to deliver more projects across sectors and geographies.
The latest funding is led by Builders Vision, the investment and philanthropy platform that invests innovative capital to accelerate promising solutions across food & agriculture, energy and oceans. Further investors in the round are Barclays Climate Ventures, which has now backed ECOncrete for five years; The Prince Albert II of Monaco Foundation and Monaco Asset Management’s ReOcean Fund; BDT & MSD Partners (“BDT & MSD”) through Oceans Catalyst, its impact investing vehicle; and DCP. In addition, Open Road Impact provided a financing facility.
Dr. Ido Sella, Co-Founder and CEO of ECOncrete said: “Our patented technology delivers both ecological and structural impact in a single solution. Ecology is built in, not bolted on, ensuring long-term enhancement of local biodiversity while strengthening coastal resilience. With this latest fundraise, alongside the support of our investors, we are well positioned to scale our ability to meet growing global demand and help shift the industry toward more responsible and accountable marine construction. This milestone marks a significant step in our growth trajectory as we expand into new markets and provides a strong platform for our rapid global expansion.”
Over the past 18 months alone, ECOncrete has delivered its bio-enhancing technology in more than 20 marine infrastructure projects globally, providing over 90,000m² of valuable habitat and achieving x3.4 in revenue growth.
ECOncrete’s technology is already embedded in iconic and strategically significant marine assets worldwide, lining the quay walls of Europe’s busiest port in Rotterdam, protecting coastlines in New York, Denmark and New Zealand, reinforcing subsea cable infrastructure in the Mediterranean and Atlantic, protecting pipelines in the Adriatic, and increasing biodiversity in ports including the Port of San Diego and Port of San Francisco.
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