NeoCem raises €17M to scale low-carbon cement tech
What's the deal? French company NeoCem has raised €17 million in a Series B round from Crédit Mutuel ImpactDealroom has a profile for this one. Try Dealroom →. The money will fund the industrial rollout of its low-carbon binders for the construction sector.
What's the endgame? NeoCem develops and produces low-carbon binders for the cement and construction industry, aiming to help decarbonise the sector.
Why now? The company has opened its first production unit near Chantilly, in France's Oise region. It is now ramping up toward a target capacity of 200,000 tonnes per year.
The signal: At €17 million, the round sits in the top 11.4% of deals by size — a notable ticket for a sector where scaling production, not just proving the tech, is the hard part.
Read more: Finyear
