New York-based ECOncrete announced that it has raised $14 million in a new funding round, with proceeds from the financing aimed at scaling its technology to improve the ecological sustainability of marine infrastructure.
Founded in 2012, ECOncrete develops nature-inclusive concrete solutions designed to enhance biodiversity and climate resilience in coastal and offshore infrastructure projects, including seawalls, breakwaters, ports, waterfronts, offshore wind projects, bridges and subsea infrastructure.
According to ECOncrete, its bio-enhancing technology can be integrated into concrete-based marine infrastructure projects to improve ecological outcomes while meeting high-performance construction standards, enabling biodiversity, ecological enhancement and asset protection to coastal cities, ports and offshore infrastructure.
The company said that over the past 18 months, it has deployed its technology across more than 20 marine infrastructure projects globally, creating more than 90,000 square meters of marine habitat and achieving 3.4x revenue growth.
ECOncrete added that its technology is currently being used in significant marine projects worldwide, including lining the quay walls of the Port of Rotterdam, preserving coastlines in New York, Denmark and New Zealand, reinforcing subsea cable infrastructure in the Mediterranean and Atlantic, protecting pipelines in the Adriatic, and increasing biodiversity in the Port of San Diego and Port of San Francisco.
With the new capital, ECOncrete said that it is looking to expand its capacity to deliver more projects across sectors and geographies, to meet growing global demand.
Dr. Ido Sella, Co-Founder and CEO of ECOncrete said:
“Our patented technology delivers both ecological and structural impact in a single solution. Ecology is built in, not bolted on, ensuring long-term enhancement of local biodiversity while strengthening coastal resilience. With this latest fundraise, alongside the support of our investors, we are well positioned to scale our ability to meet growing global demand and help shift the industry toward more responsible and accountable marine construction.”
The funding round was led by Builders Vision, and included participation from existing investor Barclays Climate Ventures, alongside new investors Prince Albert II of Monaco Foundation and Monaco Asset Management’s ReOcean Fund, BDT & MSD Partners through its impact investment platform Oceans Catalyst, and DCP. In addition, Open Road Impact provided a financing facility.
Cristin Pacifico, Vice President, Investments at Builders Vision said:
“With increasing investment in coastal protection, offshore wind and cables, ports and other forms of shoreline infrastructure, the market for high-performance, adaptive materials is expanding rapidly. ECOncrete is well-positioned to meet this demand, delivering technology that strengthens critical infrastructure while simultaneously protecting marine biodiversity.”
