Kenoteq raises £900K to scale recycled-brick production

What's the deal? Scottish sustainable construction firm KenoteqDealroom has a profile for this one. Try Dealroom → has raised almost £900,000 in early-stage funding, led by Kelvin CapitalDealroom has a profile for this one. Try Dealroom → alongside the Scottish Enterprise Co-Investment FundDealroom has a profile for this one. Try Dealroom → and several existing backers.

Where's the money going? The first tranche will support increased production capacity for the K-Briq®, made from almost 100% recycled construction and demolition waste, and accelerate delivery across healthcare, hospitality and commercial projects. Kenoteq is targeting a total raise of £2 million, with the round still open.

What they're saying: Kelvin Capital director John McNicol said the investment reflects Kenoteq's proven technology and commercial strategy. Chief executive Andrew HoltDealroom has a profile for this one. Try Dealroom → said the funding will help the company increase production and support further commercial growth.

The signal: The raise marks Kenoteq's transition from product innovation towards commercial deployment, as its recycled masonry products are specified for healthcare, hospitality and commercial developments.

Read more: Architecture Magazine

Image credit: seier+seier