Headquarters: Nova Scotia, Canada
Countries of operation: Over 25 countries
450+ thousand
tonnes of CO₂ saved
7+ million
truckloads delivered with CarbonCure concrete
800+
systems sold
2021 Carbon XPRIZE
grand prize winner
“Since its first investment in CarbonCure in 2020, Taronga Ventures has been a phenomenal champion for our technologies, collaborator with our team and key industry partner to enable our market entry and accelerate our scale across Asia, Australia and the Middle East. We are incredibly grateful for the shared vision for innovation and unwavering commitment to sustainability from Avi, Jonathan and the entire Taronga Ventures team. They have been a driving force in our success to date.”
Robert Niven,
CEO & Founder, CarbonCure
Before investment
Prior to Taronga Ventures investment in 2020, CarbonCure had fewer than 300 installations and was largely focused on the North American market.
Taronga Ventures strategic support
CarbonCure was part of Taronga Ventures’ ESG Impact innovation program cohort in 2022 which was backed by 9 corporate partners.
Taronga Ventures supported the geographic expansion of the company with implementations across strategic partners in Asia, Australia and the Middle East.
Value created
CarbonCure’s installations have nearly tripled since the initial investment in 2020 and its geographic footprint has expanded from the US to over 30 countries.
With the rapid revenue growth and geographic expansion, the company successfully raised US$80 million including new institutional investors Blue Earth Capital, BH3 and Samsung Ventures.
About CarbonCure
CarbonCure is a technology for the concrete industry to permanently embed CO2 into concrete to reduce the carbon footprint without compromising performance. For more information, visit https://carboncure.com/.
Source: CarbonCure, July 2024
