StageSeries B | Alive
Last Raised$30M | 2 yrs ago
Fortera develops carbon-negative cement and aims to reverse global warming and ocean acidification by trapping the greenhouse gas and carbon dioxide in the built environment. The Fortera Recarb process re-carbonates Calcium Oxide without losing its cementitious properties. The result is a cementitious mineral that is rich in CO2.
Missing: Fortera's Product Demo & Case Studies
Promote your product offering to tech buyers.
Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.
ESPs containing Fortera
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
These companies are focused on developing low-carbon, energy-efficient materials for manufacturing.
Fortera named as Leader among 5 other companies, including Ecovative Design, Viridi Parente, and Augmenta.
Missing: Fortera's Product & Differentiators
Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).
Research containing Fortera
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Fortera in 2 CB Insights research briefs, most recently on Mar 16, 2022.
Expert Collections containing Fortera
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Fortera is included in 4 Expert Collections, including Construction Tech.
Companies using technology to improve processes in the construction industry.
Startups developing new or improved materials (chemicals, alloys, etc.) that provide physical or functional advantages to basic materials.
Carbon Capture, Utilization, and Storage (CCUS)
Companies innovating in the carbon capture, utilization, and storage (CCUS) space. Also includes emissions tracking tools, carbon offset marketplaces, and startups reinventing manufacturing processes to eliminate emissions.
Companies focused on the technologies to increase manufacturing productivity, ranging from automation & robotics to AR/VR to factory analytics & AI, plus many more.
Fortera has filed 92 patents.
The 3 most popular patent topics include:
- Chemical processes
- Commodity chemicals
Electrochemistry, Fuel cells, Electrolysis, Chemical processes, Hydrogen production
Electrochemistry, Fuel cells, Electrolysis, Chemical processes, Hydrogen production
Latest Fortera News
Jan 5, 2023
News provided by Share this article Share this article SAN JOSE, Calif., Jan. 4, 2023 /PRNewswire/ -- The addition of a senior leader from the financial energy sector to the Fortera team will hone strategy and promote the various value streams present in the portfolio of CO2 reduction solutions available from Fortera. Fortera's new Chief Financial Officer, Scott Healy "Fortera's mission is to meaningfully reduce the CO2 impact in the production of cement. To accomplish this goal, the company has embarked on an ambitious plan to build commercial plants globally. Adding Scott to the team is the needed catalyst to fund this commercial roll-out. I am excited to be able to work alongside and learn from a proven leader in the sustainable space", said Dr. Ryan Gilliam, CEO and Co-Founder of Fortera. Fortera has developed a new process to capture cement kiln emissions and convert them into a cementitious product. The technology is a plant upgrade that offers economic savings compared to Portland cement, while reducing CO₂ emissions by over 60% for every ton of material produced. "I am thrilled to be joining Fortera and being a part of realizing its revolutionary mission as a market and technology leader in the global effort to lower cement and concrete emissions." said Scott Healy, Fortera's New Chief Financial Officer. During his distinguished 30-year career in clean energy, Scott has helped build market leading companies in the wind, solar, renewable natural gas, plastic recycling, and energy industries. Among his accomplishments, he has financed, acquired, or developed over 8,000 MW of clean energy generation projects, the largest plastic recycling plant in the world and one of the largest renewable natural gas portfolios. Scott brings to Fortera, a proven history of successfully completing complex, finance and strategic transactions in clean energy, including over $4 billion in mergers, acquisitions and sales, over $1.3 billion in private equity financings, over $1.25 billion in tax equity commitments, over $1.3 billion in project and corporate debt financings, and $100 million in public offerings. In addition, he has had senior level management responsibility with other energy companies which ultimately went public or were successfully sold for material premiums over actual investment. Along with his responsibilities with other energy companies, he was also responsible for raising the financing of a private renewable company that has financial interests in approximately 1,100 MW of operating renewable energy projects. He has also previously held four professional securities and accounting licenses. About Fortera: Fortera is a materials technology company developing low-carbon cement using a proprietary process inspired by nature. Fortera's cement is less expensive to manufacture than traditional cement, reduces CO2 emissions by 60% per ton, and meets existing global industry performance criteria. Fortera is backed by leading cleantech investors and guided by veterans of the global cement industry. Helping cement producers and consumers achieve their decarbonization goals, the company is quickly becoming one of Silicon Valley's fastest-growing materials science companies. Fortera's first manufacturing plant is nearing completion and will fulfill product sales in early 2023. For more information, visit forterausa.com Contact:
Fortera Frequently Asked Questions (FAQ)
When was Fortera founded?
Fortera was founded in 2007.
Where is Fortera's headquarters?
Fortera's headquarters is located at 251 E Hacienda Ave, Los Gatos.
What is Fortera's latest funding round?
Fortera's latest funding round is Series B.
How much did Fortera raise?
Fortera raised a total of $90.51M.
Who are the investors of Fortera?
Investors of Fortera include Khosla Ventures, Temasek, U.S. Department of Energy, Hercules Capital, Peabody Energy and 3 more.
Who are Fortera's competitors?
Competitors of Fortera include Svante and 2 more.
Compare Fortera to Competitors
Hycrete enables the construction community to save time, money, and the environment through innovative waterproofing solutions. Integrating our proprietary technology ensures greater durability and structural service life while advancing the concrete industry through environmentally intelligent solutions. Hycrete, Inc. seeks to be a provider of sustainable concrete materials and solutions for green buildings.
Blue Planet offers carbon capture & mineralization technology for CO2 mitigation. Its technology uses waste CO2 as a raw material to produce carbon-negative building materials. The firm was founded in 2013 and is based in Los Gatos, California.
Newlight Technologies has developed and commercialized large-scale polymerization technology capable of converting air and greenhouse gasses (such as methane and carbon dioxide from sources such as wastewater treatment plants, landfills, and energy production facilities) into biodegradable plastics that can out-compete oil-based plastics on price and performance.
Carbon Engineering operates as a clean energy company. It develops technology that captures carbon dioxide directly from the atmosphere and synthesizes it into transportation fuels. The company's direct air capture technology removes carbon dioxide directly from the atmosphere, and air-to fuels technology can reduce the carbon footprint of transportation by creating clean synthetic fuels, made from air. Carbon Engineering was founded in 2009 and is based in Vancouver, Canada.
Global Thermostat develops and commercializes technology for the direct capture of carbon dioxide from the atmosphere and other sources. Its technology works by pulling ordinary air over a highly porous substrate coated with materials that bind to carbon dioxide. The company was founded in 2010 and is based in Brighton, Colorado.
Carbon Upcycling Technologies sequesters CO2 in solids and produces high-quality nanoparticles. Carbon Upcycling Technologies was founded in 2013 and is based in Calgary, Alberta.
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.