Adaptavate, a company specialising in the development of low-carbon and carbon-negative construction materials, has successfully raised £2.7m ($3.6m) in a pre-Series A funding round.
The round saw significant contributions from Asia-based Undivided Ventures and Skreenhouse Ventures by SigmaRoc, along with other industry stakeholders and existing investors.
Adaptavate's partnership with SigmaRoc, established as part of this funding round, is set to create a supply chain for calcium carbonate-based wallboards.
The collaboration will also explore opportunities for producing and distributing Adaptavate's products throughout Europe.
This financial boost is expected to accelerate 'Project Crystal', Adaptavate's industrial demonstrator facility, which aims to scale up the production of its low-carbon technology.
The investment will bolster the company's efforts to industrialise and globally adopt their products, including the flagship Breathaboard.
Adaptavate's proprietary technology is stated to transform the construction industry by introducing circular and healthier building materials.
The company's Breathaboard, a sustainable plasterboard alternative, is claimed to have the potential to reduce carbon emissions by up to 4kg per square metre.
Stated to meet international wallboard standards, Breathaboard is currently undergoing trials at UK commercial sites in collaboration with partners such as British Land, Royal London Asset Management Property, and Overbury.
According to Adaptavate, it has garnered nearly £9m through investments and public grants.
Adaptavate CEO and founder Tom Robinson said: “This latest funding round marks another major step towards our vision of making planet-positive construction products an industrial and international reality. With Undivided Ventures' expertise and insights into the fast-growing South Asian market, alongside SigmaRoc's deep industrial knowledge and leading decarbonisation strategy, we are well-positioned to accelerate our impact.
“We are also deeply grateful for the continued support of our existing investors, who have stood by us through key milestones on this journey. Project Crystal will demonstrate how the construction sector can transition from a major source of emissions to a net carbon sink, capturing and repurposing carbon to support global climate goals.”
