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Furno Secures $6.5 Million Seed Funding to Cement a Carbon Neutral Future

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Furno, Energy Capital Ventures

Furno, a startup dedicated to decarbonizing the cement production industry, announced the close of an oversubscribed $6.5M seed funding round and introduced its revolutionary, end-to-end cement production unit, the Furno Brick. Furno’s oversubscribed round was led by Energy Capital Ventures (ECV) and joined by O’Shaughnessy Ventures, Cantos and Neotribe. Breakthrough Energy participated in earlier, non-dilutive funding of the company. This funding will enable the company to continue to scale its technology, provide more customers with samples to garner feedback and, perhaps most significantly, aid in the development of the Furno Brick.

Furno addresses the immediate need for change and innovation in the cement sector with the world’s first modular and carbon-neutral cement plant that scales on demand, drastically reducing the barrier to entry and unlocking local or small-scale cement production. The company’s novel kiln and combustion technology allows for efficient cement production using gas-based versus solid fuels, which dramatically reduces CO2 emissions and eliminates nitrogen oxides (NOx) and sulfur oxides (SOx) entirely. Furno’s innovative design also allows producers to build cement plants that are compact and cost-efficient, and enables them to add incremental capacity as needed.

Read more at Business Wire