BDC Capital leads $3.5 mln Series B financing of CarbonCure

CarbonCure Technologies Inc, a Halifax, Nova Scotia-based developer of clean technologies that convert waste CO2 into stone within concrete, has secured a $3.5 million Series B funding round. The deal was led by BDC Venture Capital Energy-Cleantech Fund, with the participation of Eagle Cliff Partners, Innovacorp, 350 Capital, and several strategic investors. Proceeds of the investment will go toward accelerating the company’s technology growth, and further increasing its customer base across North America. Tony Van Bommel, senior managing partner with the BDC Venture Capital Energy-Cleantech Fund, was recently added to CarbonCure’s board of directors. Founded in 2007, CarbonCure has been venture-backed since 2011.

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