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Innovation in drywall isn’t necessarily something that springs to mind when you think about clean tech. But Sunnyvale, Calif. based green building material startup Serious Materials is in the process of raising a whopping $50 million series B round to deliver more earth-friendly drywall. The company’s […]

Innovation in drywall isn’t necessarily something that springs to mind when you think about clean tech. But Sunnyvale, Calif. based green building material startup Serious Materials is in the process of raising a whopping $50 million series B round to deliver more earth-friendly drywall. The company’s CEO Kevin Surace confirmed the fundraising with us this morning, which was first reported by Venture Wire. Surace expects the round to close over the next 3 months.

The company founded in 2002 previously raised $5 million from Rustic Canyon Partners. Surace wouldn’t disclose a list of potential investors but said that Rustic will likely participate in the upcoming round. Surace said the new funds would go toward opening a new plant in Stockton, Calif., and to work on getting its new green dry wall product to market next year called EcoRock. The company says EcoRock can drastically reduce energy consumption and carbon emissions from drywall production.

  1. [...] am in Startups We already covered the news that Sunnyvale,Calif.-based Serious Materials was in the process of raising a whopping $50 million Series B round. Well the company confirmed today that it has closed that $50 million investment, which was led by [...]

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  2. [...] already covered the news that Sunnyvale,Calif.-based Serious Materials was in the process of raising a whopping $50 million Series B round. Well the company confirmed today that it has closed that $50 million investment, which was led by [...]

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  3. [...] capitalize on the opportunity to reduce the massive emissions caused by construction. Products like Serious Materials’ eco drywall, Hycretes’ greener concrete, and XtremeHomes’ prefab homes are hitting the [...]

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  4. [...] Materials also sells eco dry-wall and raised $50 million from New Enterprise Associates (NEA), Foundation Capital and Rustic Canyon Partners to get its dry [...]

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  5. [...] Materials also sells eco dry-wall and raised $50 million from New Enterprise Associates (NEA), Foundation Capital and Rustic Canyon Partners to get its dry [...]

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  6. [...] Materials also sells eco dry-wall and raised $50 million from New Enterprise Associates (NEA), Foundation Capital and Rustic Canyon Partners to get its dry [...]

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  7. [...] Materials also sells eco-drywall and raised $50 million from New Enterprise Associates (NEA), Foundation Capital and Rustic Canyon Partners to get its [...]

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