# ECOncrete

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

- Industry: Environmental Services
- Headquarters: New York, US
- Website: www.econcretetech.com
- Total disclosed funding: $5M
- Latest round: Series A (Jun 9, 2020)
- Investors on record: 2

## About

ECOncrete Tech Ltd. is a company focused on innovative, nature-inclusive solutions for marine construction, enhancing biodiversity while ensuring structural integrity through patented concrete technologies.ECOncrete Tech Ltd. specializes in developing solutions for marine infrastructure that improve ecological performance. Founded in 2010, the company is headquartered in Tel Aviv-Yafo, Israel. CEO Ido Sella leads the team, which has secured a total of USD 5.00 mn in funding through 2 deals, the most recent being a Series A round on June 9, 2020, led by Bridges Israel, with participation from Goldacre.ECOncrete specializes in developing innovative, nature-inclusive solutions for marine construction, focusing on enhancing biodiversity while providing robust structural integrity. Their core product offerings include patented technologies designed to modify concrete's chemical composition and surface features, thus promoting biological recruitment and improving the ecological performance of marine infrastructure. These solutions cater to a wide range of applications, including coastal protection, waterfronts, and offshore structures. ECOncrete's technology is currently utilized in over 40 projects across various international markets, including the United States, the Netherlands, and Spain, serving clients such as government entities and private developers in the marine construction sector.ECOncrete generates revenue through direct business-to-business transactions with clients in the marine construction industry, including engineers, architects, and asset owners. Their business model involves project-based contracts where clients engage ECOncrete for specific marine infrastructure endeavors that incorporate their patented technologies. The pricing structure is tailored to each project, reflecting the complexity and scale of the solutions provided, particularly their flagship product, COASTALOCK. Existing partnerships with organizations like the US Nature Conservancy and governmental recommendations further facilitate revenue generation, as these relationships enhance client trust and help expand their market reach.ECOncrete plans to utilize the recent funding of USD 5.00 mn from the Series A round to accelerate the development of new products and expand into new geographic markets. The company is currently designing enhanced marine construction solutions expected to launch in the next 12-18 months. Additionally, ECOncrete aims to increase its presence in European markets and expand further into Asia by 2022, leveraging strategic partnerships to enhance their market reach.

## Funding rounds

- Series A, Jun 9, 2020, $5M — Bridges Israel, Goldacre

## Investors

- Bridges Israel (https://capitalatlas.ai/funds/bridges-israel) — Series A
- Goldacre — Series A