ECOncrete

Company Overview

Snapshot

Founded in May 2012 by Ido Sella and Shimrit Perkol-Finkel, ECOncrete has 11–50 employees. The company has raised $10.6 million across 5 funding rounds from 4 investors. In February 2024, ECOncrete's innovative concrete technology, designed to enhance marine biodiversity and capture carbon, was highlighted for its potential to expand into Africa and Latin America.

Business overview

ECOncrete develops nature-positive concrete technology for marine infrastructure, enabling the construction of ports, piers, breakwaters, and subsea structures that promote and restore biodiversity. Their proprietary 3-tiered technology allows marine life to encrust on concrete, providing ecosystem services, improving structural durability, and acting as a carbon sink. The company operates in the Industrial Technologies sector, focusing on green construction and sustainable materials within the broader Climate Tech industry, serving markets such as transportation infrastructure (ports and harbors), utilities (electricity, wind), and government entities.

Strategic signal

In February 2024, ECOncrete's innovative concrete, which enhances marine biodiversity and captures carbon, was recognized for its potential to expand into new markets like Africa and Latin America. This signals strong growth potential and validates the company's technology as a scalable solution for sustainable marine infrastructure globally, attracting further interest from investors and partners in the environmental and construction sectors.

Company Intelligence Q&A

What is ECOncrete's core technology?

ECOncrete develops a 3-tiered concrete technology that promotes the growth of marine life on infrastructure. This bio-enhancing material reduces the carbon footprint of structures, encourages fauna and flora growth, and provides ecosystem services, improving durability and acting as a carbon sink.

What significant project did ECOncrete participate in during May 2023?

In May 2023, ECOncrete's bio-enhancing concrete technology was used to protect a 14.5 km subsea cable for Red Eléctrica's interconnector project between Lanzarote and Fuerteventura, enhancing biodiversity along its route.

What was a key partnership for ECOncrete in September 2022?

In September 2022, ECOncrete partnered with Etermar to deploy the first blue Tetrapods at the Port of Leixões in Portugal, integrating ECOncrete's technology to enhance coastal infrastructure and provide habitat for marine biodiversity.

Which investors participated in ECOncrete's funding round in June 2020?

In June 2020, ECOncrete raised a Series A funding round with participation from Bridges Israel and Goldacre.

What was the outcome of ECOncrete's participation in the EU H2020 program?

In June 2021, ECOncrete was selected by the European Commission to lead the.