News Summary

Terra CO2, a startup based in Golden, Colorado, has raised $124.5 million in a Series B funding round to advance its low-carbon cement alternative. The company’s innovative supplementary cementitious materials (SCM) aim to reduce the carbon footprint of traditional Portland cement, which accounts for about 8% of global carbon emissions. Terra CO2’s SCM can currently replace up to 40% of Portland cement in concrete, with plans to develop a product that can fully replace traditional cement. The funding will be used to construct a large facility near Dallas, capable of producing 240,000 tons of SCM annually. The funding round was co-led by Breakthrough Energy Ventures, Eagle Materials, GenZero, and Just Climate, with participation from Barclays Climate Ventures, Cemex, Prologis, and Siemens Financial Services.