Industry News

ECOncrete Secures $5 Million+ Series A Round to Scale Up Ecological Marine Construction

As climate change continues to worsen the frequency, intensity and impacts of extreme weather events, there is an increasing urgency to protect our coastal cities. A solution for ecological, carbon-storing marine construction is scaling up to meet this necessity. 

ECOncrete Tech, a pioneering start-up delivering high-performance ecological concrete technologies, has announced the closing of a $5 million+ Series A Round. The round was led by Impact investor Bridges Israel, with new investors including Barclays and a North American family office with an interest in ocean health.

“Ocean health and human health are entwined, and as such we need both resilient coastal structures and thriving marine ecosystems," stated Dr. Ido Sella, Co-Founder and CEO of ECOncrete Tech. "Our technologies bridge development and sustainability, creating value for stakeholders and the environment. We thank this strong group of investors for joining us as strategic partners and are excited for the next stages in our growth and entrance into new markets."

This investment will enable rapid expansion into new markets and scaling operations into large-scale projects. ECOncrete's solutions can be applied to any concrete marine infrastructure, such as breakwaters, ports and offshore structures, to increase strength and durability whilst transforming it into the base for a thriving marine ecosystem and active carbon sink.  

James Ferrier, Director, Principal Investments at Barclays, said: “ECOncrete is solving a key environmental challenge for the coastal and marine industries, materially improving the health and resilience of surrounding ocean life. We are thrilled to be supporting ECOncrete’s growth ambitions through our £175m Sustainable Impact Capital Initiative, designed to support innovative companies tackling environmental challenges, just like this.”

Sandrine Montsma, Managing Partner at Bridges Israel, said: “Our continued support for ECOncrete is aimed at scaling up the penetration of their unique, proven, IP protected, breakthrough technology into new markets such as offshore infrastructure. We believe their growth potential is huge, especially given the shift towards B2B and strategic partnerships.”

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