Terra CO2, a Golden-based company focused on low-carbon building materials, has raised $124.5 million in Series B funding to expand its sustainable cement production capabilities. The funding round was co-led by Breakthrough Energy Ventures, Eagle Materials, GenZero and Just Climate, with significant contributions from Barclays Climate Ventures and other strategic investors including Prologis, Cemex and Siemens Financial Services.
In addition to the equity funding, Terra also secured a credit facility through Silicon Valley Bank and Stifel Bank, enhancing its financial flexibility. This influx of capital will enable the company to advance its first commercial facility in the Dallas-Fort Worth area, capable of producing 240,000 tons per year.
Terra aims to deliver cementitious materials that are competitively priced and high-performing, regardless of carbon benefits. CEO Bill Yearsley emphasized that as government support for climate initiatives declines, cost-competitive solutions are essential for existing industries. The new funding will also allow Terra to expand its workforce and develop additional projects.
Terra’s process offers a sustainable alternative to traditional cement, utilizing local and abundant resources while significantly lowering carbon emissions. Their second product is currently undergoing concrete trials and aims to replace traditional Portland cement entirely.
