# Fortera Corporation

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

- Industry: Materials
- Headquarters: San Jose, US
- Website: www.forteraglobal.com
- Total disclosed funding: $115M
- Latest round: Series C (Aug 20, 2024)
- Investors on record: 5

## About

Founded in 2019 by co-founders Ryan Gilliam, Ryan Gilliam and Lauren (Ray) Smith and based in California, US, Fortera Corporation is a developer of an environmental solution that converts CO2 into a ready-to-use cement solution that helps reduce the harmful effects of the substance in the environment. In August 2024, Fortera Corporation raised USD 85 million in series C funding from Khosla Ventures and Temasek Holdings, Wollemi Capital Group, Presidio Ventures, Saint-Gobain Group, and Alumni Ventures Group.

Fortera's flagship product, ReAct, is a precipitated calcium carbonate polymorph designed to be blended into various cement formulations. This product is derived from the company's proprietary ReCarb Process Plant, which transforms traditional cement manufacturing into a low-carbon process.  ReAct is offered in two primary forms: pure and blend. Pure is a binder based on the transformation of vaterite to aragonite or calcite, while Blend is engineered to enhance packing efficiency, accelerate cement hydration, and improve workability. These products are suitable for a wide range of applications, including binary and ternary blended cements, technical dry mortars, flooring solutions, cast-in-place concrete, precast elements, and tile backer boards.

## Funding rounds

- Series C, Aug 20, 2024, $85M — Temasek Holdings, Khosla Ventures, Presidio Ventures, Alumni Ventures Group, Wollemi Capital
- Series B, Jun 29, 2021, $30M — Khosla Ventures, Temasek Holdings

## Investors

- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series B, Series C
- Temasek Holdings — Series B, Series C
- Presidio Ventures (https://capitalatlas.ai/funds/presidio-ventures) — Series C
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series C
- Wollemi Capital (https://capitalatlas.ai/funds/wollemi-capital) — Series C