Companhia Siderúrgica Nacional
Assembly Line
EnviCore Successfully Closes Seed Round to Scale Low-Carbon Cementitious Technology
EnviCore, a Calgary-based leader in sustainable materials technology, announced the successful closing of its seed funding round, raising C$4.2 million. The round was led by prominent industry investors, including CSN Inova Ventures (the corporate venture capital arm of Companhia Siderúrgica Nacional, Brazil’s largest fully integrated steel producer), Heidelberg Materials, Techstars, Hillside Ventures, and Angel Investor Mark and Faye McGregor.
The funding will accelerate EnviCore’s mission to transform the cement industry by scaling the production of low-carbon supplementary cementitious materials (SCMs). EnviCore’s innovative technology reduces the carbon footprint of cement production by up to 30%, using recycled mineral feedstock. These SCMs can replace up to 35% of Portland cement in concrete, contributing to global sustainability and decarbonization efforts.