Adaptavate Raises £2.7m to Expand Low-Carbon Building Tech
- Developing more sustainable products for the building industry and expanding supply chains of such products.
- Raised £9 million so far; almost close to the goal of low-carbon construction.
Adaptavate, a UK-based company developing carbon-negative construction materials, has recently raised £2.7 million in funding through a pre-Series A investment round to scale up their low-carbon building technology.
The funding round saw top investors from Asia and Europe and some existing investors participating, reinforcing trust in the company's climate change mitigating technology.
The proceeds will support Adaptavate’s "Project Crystal," an initiative to build an industrial demonstration facility. Through the facility, their objective is to show how low-carbon construction technology can be used on a larger scale and expedite the production and use of Breathboard, a top product of theirs, which is an alternative to traditional plasterboard.
This product is more sustainable, reduces carbon emissions by up to 4kg per square metre compared to regular plasterboard, adheres to circular economy principles, and is healthier for indoor spaces.
READ MORE: GBCA and Partners Launch Circular Construction Practical Guide
The company has also partnered with SigmaRoc, a leading investor in the latest financing round, to establish a strong supply chain for expanding Breathaboard across Europe and testing it on major commercial construction sites in the UK. So far, Adaptavate has raised about £9 million to support planet-positive construction.
Tom Robinson, CEO and founder of Adaptavate said: "This latest funding round marks another major step towards our vision of making planet-positive construction products an industrial and international reality. With Undivided Ventures’ expertise and insights into the fast-growing South Asian market, alongside SigmaRoc’s deep industrial knowledge and leading decarbonisation strategy, we are well-positioned to accelerate our impact.
"We are also deeply grateful for the continued support of our existing investors, who have stood by us through key milestones on this journey. Project Crystal will demonstrate how the construction sector can transition from a major source of emissions to a net carbon sink, capturing and repurposing carbon to support global climate goals."
Ends/
Are you looking for climate technology experts like Adaptavate? We are here to help with our extensive network of ESG and sustainability providers, offering a wide choice of services.
Follow KnowESG's Technology News for regular news and views.
Check out our latest ESG Event updates
Source: Adaptavate
