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ecoLocked raises €4M in seed funding led by Matterwave Ventures and Climentum Capital for biochar carbon removal

PRIVATEJun 05, 2024•about 2 years ago

Amount Raised

€4 Million

Round Type

Seed

GermanyConstruction

Investors

VoyagersSabanci Building SolutionsSfoCounteractClimentum CapitalMatterwave Ventures

Description

ecoLocked, a Berlin-based biochar carbon removal (BCR) company, has raised €4 million in a seed funding round led by Matterwave Ventures and Climentum Capital, with participation from existing investors Counteract, SFO, Sabanci Building Solutions, and Voyagers. The funding will enable ecoLocked to expand its production facilities, introduce new product lines, enhance demand for its products, grow its R&D team, and further develop its AI-driven platform to optimize raw material variability and ensure high-quality product output.

Company Information

Company

ecoLocked

Location

Germany

About

ecoLocked is a Berlin-based biochar carbon removal (BCR) company, founded in 2021, focusing on reducing the carbon footprint of the construction industry through carbon-negative building materials. They operate with a diverse team of 18 employees from 13 nations, specializing in sustainability, materials science, construction, and economics.

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