Adaptavate lands £4M to bring carbon-storing wallboard to market
What's the deal? Bristol-based Adaptavate has raised £4 million to move its carbon-storing construction technology from development into commercial deployment. The package combines equity investment with grants from the European Innovation Council and Innovate UKDealroom has a profile for this one. Try Dealroom →'s Investor Partnerships Programme, with equity from new and existing shareholders including Low Carbon Innovation FundDealroom has a profile for this one. Try Dealroom → 3.
What's the endgame? The company develops technologies for lower-carbon construction materials, designed to run through existing manufacturing infrastructure and supply chains. The funding will support its commercial licensing strategy and international manufacturing partnerships, helping wallboard makers shift to carbon-storing production.
Why now? Adaptavate says commercial momentum is building. It has run pilot deployments with Legal & GeneralDealroom has a profile for this one. Try Dealroom → and Oxygen Asset ManagementDealroom has a profile for this one. Try Dealroom →, expanded engagement in Asian markets after launching at The GEAR in Singapore, and secured a licence option agreement with an international production partner.
What's next? A second close is open until the end of 2026, targeting a further £1.3 million.
"This is much more than a funding milestone," said Tom Robinson, chief executive officer and founder. "The wallboard industry doesn't simply need lower-carbon products; it needs commercially viable manufacturing solutions that existing producers can adopt and scale."
Ian Thomas, managing director at TurquoiseDealroom has a profile for this one. Try Dealroom →, fund manager of Low Carbon Innovation Fund 3, said the deal "matches LCIF3's mandate to back growth stage companies with proprietary technology that can deliver significant impact in key industries that urgently need to reduce their carbon footprint."
The signal: At roughly $5.3 million, the round sits in the upper third of early-stage deals by size — a notable vote of confidence for a firm betting that decarbonising construction depends less on new products than on making them cheap enough for existing manufacturers to adopt.
Read more: businesscloud.co.uk
Image credit: Adaptavate
