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Green concrete maker Hycrete has raised $15 million in a Series C round of funding, the company tells us this morning. The round was led by Mohr Davidow and the funds will be used for international expansion. Going international will be a capital-intensive endeavor for Hycrete […]

Green concrete maker Hycrete has raised $15 million in a Series C round of funding, the company tells us this morning. The round was led by Mohr Davidow and the funds will be used for international expansion. Going international will be a capital-intensive endeavor for Hycrete as the company doesn’t plan to license its proprietary concrete mix and will instead own and operate plants.

Hycrete’s plan to expand internationally will connect it with the huge demand abroad for construction materials. The fastest-growing concrete markets are scattered all over the Middle East, Eastern Europe and Asia as construction has exploded in the developing world. China alone accounted for 45 percent of the concrete production and use last year.

Hycrete has developed a hydrophobic cement that greatly increases the life of the cement as it won’t absorb water, which cause cracks. The company says their waterproofing cement doesn’t require any special manufacturing and can be made in existing cement factories. Simply add their special Hycrete Admixture to the mixer and you’ve got waterproof cement. This process saves time on the project site compared to other waterproofing techniques, thereby saving on construction costs, the company says.

This round brings Carlstadt, N.J.-based Hycrete’s funding total to $25 million, according to a company spokesman. Previous investors included RockPort Capital and NGEN Partners.

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By Craig Rubens
  1. [...] The company will use the funding to expand its operations overseas, particularly in fast-growing Asian and Middle Eastern markets. Hycrete does not plan on licensing its technology and says it is ready to expend a large amount of capital building and operating its own plants, reports Earth2Tech. [...]

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  2. [...] venture capitalists sniff an opportunity far from the clean-tech spotlights; Hycrete just landed another $15 million in series-C [...]

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  3. Great post! We are building an ICF home to maximize the energy benefits.

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  4. [...] concrete waterproof. To take advantage of growing demand, the Carlstadt, N.J.-based startup, which raised $15 million in a third round of venture funding last year, plans to open offices in two more U.S. states (Texas and Illinois) and is looking to expand into [...]

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