Roads & Bridges
ECOncrete Tech secures $5M for construction market expansion
September 7, 2021 By Rock to Road Staff
ECOncrete Tech, a startup that has developed ecological concrete technologies used in bridges and other concrete marine infrastructure, has won over $5 million in funding in a Series A round.
The Israel-based ECOncrete’s solutions increase strength and durability for infrastructure while transforming it into the base for a thriving marine ecosystem and active carbon sink.
Chemical composition, complex surface textures, and nature-based 3D designs facilitate organisms such as oysters and kelp to encrust the infrastructure, making the material stronger and biodiversity-positive, says the company.
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,” says Dr. Ido Sella, co-founder and CEO of ECOncrete Tech, in a statement.
“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.”
The investment will enable rapid expansion into new markets and scaling operations into large-scale projects.
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