GigaCrete, a Scottsdale, Arizona company that offers environmentally friendly cementious building products, has raised $5 million in a round of financing.
Craton Equity Partners, a Los Angeles clean-technology private equity fund, said it committed $3.5 million of the funding.
See the statement here.
It is just the latest of several companies targeting this market, which include Quiet Solution and California Cement. GigaCrete’s Web site says it uses less water than other concrete producers
5:57 pm
Arxx Building Products raises $5M for green building materials » VentureBeat said:
[...] Materials (coverage here) is a direct, well-funded competitor to Arxx, while GigaCrete (coverage here) makes environmentally friendly cement. The $5 million funding was provided by MMV Financial, [...]
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Shaky housing market fails to make a dent in growing green building sector » VentureBeat said:
[...] and Serious Materials, two other green building startups we’ve written about before, also stand to make a mint from businesses’ growing focus on energy efficiency. [...]