Adaptavate raises over £2m to scale the future of carbon negative building materials.
Summary
Adaptavate have also secured a grant from Innovate UK in excess of \xa3800,000.This strong consortium of climate investors comes together to accelerate carbon removal through one of the few carbon utilisation pathways capable of durable sequestration in the gigatons of CO2e by mid-century construction.Tom Robinson, Managing Director and Founder of Adaptavate said This investment will enable us to revolutionise the way construction materials are made without forcing any change on end users. Were using industrial carbon absorbing processes to produce a healthier, high performance product that is better for the health of people and planet and a genuine drop-in replacement for gypsum plasterboard. They develop and commercialise industrial processes to make carbon absorbing construction products that are drop-in to standard materials like plasterboard and plaster. The combination between large scale industrial processes and widely used products results in the potential for significant carbon removal on a global scale.LCIF2 is managed by Turquoise and is a venture capital fund investing in eligible small to medium sized businesses based in England, particularly the areas covered by its local government backers, developing products and services which will have a beneficial environmental impact. Counteract gives engineer, scientist and business-model entrepreneurs the financial and strategic support to turn fresh ideas into self-sustaining businesses with the potential to capture or store greenhouse gases at gigaton scale.