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Carbicrete

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The cement-free, carbon-negative concrete solution

Montreal, CanadaFounded 2016Energy
Valuation $25–50M Last recorded · 2022
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Carbicrete

Carbicrete is a Montreal-based company operating in the clean technology sector, specifically focused on decarbonizing the construction industry. The company was co-founded in 2016 by Mehrdad Mahoutian, who serves as the Chief Technology Officer, and Chris Stern. The foundational technology was developed by Mahoutian during his PhD studies in Civil Engineering at McGill University, where he sought a method to use waste materials to create carbon-sequestering construction products. Stern, a cleantech entrepreneur with a background in renewable energy, connected with Mahoutian through McGill's technology transfer office in 2015 to commercialize the innovation. In February 2024, Jacob Homiller took over as CEO to spearhead international growth, with Stern transitioning to a strategic advisor role.

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Carbicrete has developed a patented process for manufacturing cement-free, carbon-negative concrete. The technology addresses the significant carbon footprint of traditional concrete production, which is responsible for approximately 8% of global CO2 emissions, largely due to its reliance on cement. Carbicrete's process replaces cement entirely with ground steel slag, a by-product of the steel industry that is often sent to landfills. This steel slag is mixed with aggregates, formed into products like concrete masonry units (CMUs) or pavers using standard equipment, and then cured in a specialized chamber. Instead of the conventional heat and steam curing, Carbicrete injects captured carbon dioxide into the chamber, which reacts with the slag to strengthen the concrete. This carbonation process permanently mineralizes the CO2 within the concrete, resulting in a final product that is carbon-negative.

The company's business model is centered on licensing its technology to precast concrete manufacturers. Carbicrete provides the process, materials, and technical support required to retrofit existing manufacturing plants. This allows producers to create higher-quality, lower-cost concrete products that are more durable, with higher compressive strength and better freeze-thaw resistance than their cement-based counterparts. Revenue is generated through these licensing fees and also through the sale of carbon credits earned from the sequestration of CO2. Carbicrete's target clients are concrete producers and, by extension, developers, architects, and designers seeking sustainable building materials. The company has established key partnerships with manufacturers like Patio Drummond in Quebec and Canal Block in Ontario to bring its products to market. A significant milestone was achieved in September 2023 when its products became commercially available through Patio Drummond. The company is also expanding into Europe, with a partnership with French firm POINT.P, a subsidiary of Saint-Gobain, set to launch a production line in France in 2026.

Source: Dealroom company data

At a glance

Founded
2016
Headquarters
Montreal, Canada
Sector
Energy

Investors

12 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed5 investors entered at this stage

  • Sustainable Development Technology Canada
  • Government of Quebec
  • Natural Resources Canada
  • Innovation, Science and Economic Development Canada
  • National Research Council Canada

Series A1 investor entered at this stage

Series B and later6 investors entered at this stage

  • SQN Venture Partners
  • FS Investors
  • ARC Financial
  • Innovobot
  • New Climate Ventures
  • Something Good Ventures
Team profiled 7 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
3 countries with
team presence
🇨🇦 Canada88.5%
🇺🇸 United States7.7%
🇬🇧 United Kingdom3.9%
3 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Carbicrete on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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