# Hycrete

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

- Industry: Consumer Services
- Headquarters: Carlstadt, US
- Website: www.hycrete.com
- Total disclosed funding: $15M
- Latest round: Series C (Jul 11, 2008)
- Investors on record: 4

## About

Hycrete Inc. specializes in innovative concrete protection solutions, focusing on waterproofing and corrosion resistance to enhance the durability of concrete structures across various sectors.Hycrete Inc. is a company that provides advanced concrete protection solutions, particularly known for its flagship product, Hycrete360. Founded in Carlstadt, US, the company underwent a strategic pivot and was acquired by Broadview Technologies in April 2012. The company has received a total funding amount of USD 15.00 mn, with the latest round being a Series C led by Mohr Davidow Ventures. Hycrete has successfully completed four funding deals to date.Hycrete specializes in advanced concrete protection solutions, primarily offering products designed to enhance concrete's waterproofing and corrosion resistance properties. Their flagship offering, Hycrete360, provides an integral waterproofing solution that allows concrete to be mixed, poured, and delivered with built-in protection against water damage and deterioration from environmental factors. This innovative admixture simplifies the construction process by eliminating the need for external membranes and contributes to a longer lifecycle for concrete structures. Hycrete's products are utilized across various sectors, including wastewater treatment plants, commercial infrastructure, and residential construction, serving a diverse client base that includes general contractors, design professionals, and developers. The company markets its solutions in North America and various international markets, addressing the growing demand for sustainable construction practices in urban environments.Hycrete's revenue model is structured around direct transactions with commercial clients, including municipalities and private operators. The company typically engages in business-to-business agreements, providing its waterproofing and concrete protection products to contractors and construction firms involved in large-scale infrastructure projects. Transactions may include bulk purchases of their flagship product, Hycrete360, which is competitively priced against traditional waterproofing membranes, allowing for both immediate and long-term cost savings for clients. Additionally, Hycrete offers customized project reviews and consultations, ensuring that their solutions are tailored to meet specific client needs. This approach fosters ongoing partnerships with clients, contributing to steady revenue generation as they work on new construction and modernization projects across diverse geographical markets.Looking ahead, Hycrete plans to leverage its recent funding from the Series C round to expand its product offerings and market reach. The company is focusing on developing new products that enhance the performance of concrete in challenging environments, with plans to launch these innovations by the end of 2023. Additionally, Hycrete aims to expand its presence in international markets, particularly targeting Europe and Asia by 2024. The funding received will be instrumental in supporting product development and marketing efforts, enabling Hycrete to meet the increasing demand for sustainable construction solutions.

## Funding rounds

- Series C, Jul 11, 2008, $15M — Mohr Davidow Ventures, NGEN Partners, RockPort Capital Partners
- Series B, Aug 16, 2006 — NGEN Partners, Tech Council Ventures, RockPort Capital Partners
- Series A, Apr 1, 2004 — Tech Council Ventures

## Investors

- Tech Council Ventures (https://capitalatlas.ai/funds/tech-council-ventures) — Series A, Series B
- NGEN Partners (https://capitalatlas.ai/funds/ngen-partners) — Series B, Series C
- RockPort Capital Partners (https://capitalatlas.ai/funds/rockport-capital-partners) — Series B, Series C
- Mohr Davidow Ventures (https://capitalatlas.ai/funds/mohr-davidow-ventures) — Series C