Vateris, previously known as Concrete4Change, has announced a successful US$10 million funding round. The investment was led by new strategic partners Holcim MaQer Ventures and Kiilto Ventures, with participation from existing supporters such as Goldbeck and Zacua Ventures. This capital injection will enable Vateris to transition from pilot project validation to full industrial-scale deployment of its carbon-to-materials technology.
The rebranding to Vateris highlights the company’s focus on vaterite, a carbon-negative form of calcium carbonate. When added to concrete, vaterite improves the material’s performance, reduces costs, and lowers its carbon footprint. Vateris has also expanded its commercial team by hiring experienced professionals from the global building materials and fertilizer industries.
The partnerships with Holcim, which provides global reach, and Kiilto, which offers European market expertise, will allow Vateris to integrate its CO2 mineralisation technology into established construction value chains. Vateris has already demonstrated its technology’s effectiveness in a UK pilot project with Holcim and is now moving toward commercial deployment through further industrial collaborations.
These collaborations will focus on incorporating Vateris’ mineralisation process within Holcim’s cement and concrete production facilities. The goal is to scale up the production of engineered calcium carbonate additives and explore joint development opportunities across Holcim’s worldwide operations.
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