# EcoLocked

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ecolocked

- Industry: Materials
- Headquarters: Berlin, Germany
- Website: www.ecolocked.com
- Total disclosed funding: $6.1M
- Latest round: Seed (Apr 24, 2024)
- Investors on record: 9

## About

Based in Berlin, Germany, and founded in 2021 by Mario Schmitt (CEO), Steff Gerhart (CCO), and Micheil Gordon (CTO), EcoLocked creates bio-based compounds that reduce the embodied emissions in the concrete and other materials used in the construction industries. In September 2022, EcoLocked raised EUR 1.80 million in venture funding led by Counteract, with participation from better ventures and SFO.

The firm uses technology to offer a portfolio of carbon dioxide negative and performance-optimized concrete recipes and concrete admixes which are integrated directly at concrete plants to help reduce the Carbon footprint caused by cement and construction industries while improving the functional performance of cement and offering insulation and other features.

The company intends to use the September 2022 funding to deliver its first pilot projects and to accelerate the 2023 market launch of its first CO2-reduced formulations for biochar-based precast concrete products.

## Funding rounds

- Seed, Apr 24, 2024, $4.3M — VOYAGERS, Counteract, Matterwave Ventures Management, Climentum Capital, Sabanci Ventures, SFO
- Seed, Aug 10, 2022, $1.9M — Lorenz GmbH, F.A. Neuman GmbH & Co.KG, VOYAGERS, Vidia Equity, SFO

## Investors

- Lorenz GmbH — Seed
- F.A. Neuman GmbH & Co.KG — Seed
- VOYAGERS (https://capitalatlas.ai/funds/voyagers) — Seed
- Vidia Equity (https://capitalatlas.ai/funds/vidia-equity) — Seed
- SFO — Seed
- Counteract (https://capitalatlas.ai/funds/counteract) — Seed
- Matterwave Ventures Management (https://capitalatlas.ai/funds/matterwave-ventures-management) — Seed
- Climentum Capital (https://capitalatlas.ai/funds/climentum-capital) — Seed
- Sabanci Ventures (https://capitalatlas.ai/funds/sabanci-ventures) — Seed