Fortera Secures $85M to Scale Low-Carbon Cement Technology
Slice of Construction Team
Aug 22, 2024
Key Highlights:
Quotes
“ “Due to the scale of the industry, we won’t have an impact on emissions unless we have an economic pathway to expand globally.” ”
Ryan Gilliam, CEO and Co-founder at Fortera
Our Take:
Fortera's successful $85 million funding round is a significant step towards reducing the cement industry’s carbon footprint, which is essential for meeting global climate goals. The company's innovative ReCarb process, which integrates seamlessly with existing infrastructure, positions it as a leader in the transition to sustainable construction. The backing from prominent investors underscores confidence in Fortera’s ability to scale rapidly and make a meaningful impact on reducing CO2 emissions in one of the most challenging industrial sectors.
