Concretene has raised £4.5m in the first close of a Series A round to scale up production of graphene for use in concrete. The round includes £2m from PXN Equity Finance, part of the Northern Powerhouse Investment Fund II, with additional investment from existing backers LocalGlobe and Molten Ventures. The funding will support industrial-scale admixture manufacturing, scaled concrete trials, and the Manchester graphene programme. Concretene's graphene admixture has demonstrated the potential to remove 10-20% of cement from concrete mixes without affecting strength or durability.
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Company Information
Company
Concretene
Location
Manchester, England, United Kingdom
About
Concretene is a Manchester-based nanomaterial technology company aiming to decarbonise the concrete industry. Founded by civil engineers Rob Hibberd and Alex McDermott, it develops a graphene-enhanced admixture intended to reduce the carbon footprint of concrete. The company collaborates with key industry partners and utilizes innovative technologies from research centers such as The University of Manchester’s Graphene Engineering Innovation Centre. With recent venture capital backing, Concretene is poised for rapid commercialization of its environmentally friendly products.
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