Cocoon Carbon announced it raised $5.4 Million in an initial filing from an offering of $5.45 Million

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Cocoon is a London-based climate technology startup focused on decarbonizing steel and concrete industries. Their innovative modular technology repurposes slag, a by-product of steel manufacturing, to create a low-carbon alternative for cement. The company aims to reduce the environmental impact of construction materials while providing new revenue streams for steel producers. Cocoon's efforts address urgent climate goals in the construction sector by integrating green materials into existing supply chains.