# Neocrete

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

- Industry: Materials
- Headquarters: Auckland, New Zealand
- Website: www.neocrete.com
- Total disclosed funding: $7.5M
- Latest round: Seed (Aug 19, 2026)
- Investors on record: 4

## About

Based in Auckland, New Zealand, and founded in 2018 by CEO Zarina Bazoeva and Matt Kennedy-Good, Neocrete Ltd, a.k.a. Neocrete operates as a materials company that focuses on manufacturing carbon-negative concrete to help the construction industry be more sustainable. In August 2026, Neocrete Limited raised USD 3.5 million in seed funding led by Wavemaker Partners, with participation from C3H,Catalytic Capital for Climate and Health and Icehouse Ventures

The company provides D5 Green, an activator for materials, such as volcanic ash, that can replace cement in concrete without the carbon-intensive or costly manufacturing processes. D5 Green has been used in commercial, residential, and infrastructure projects in New Zealand, including schools, galleries, homes, precast panels for the City Rail Link, and major overseas projects from high rises to hydroelectric stations.

The company plans to use the August 2026 funding to expand into European and US markets and continue commercial deployment across Southeast Asia. It will also scale supply of its SCM performance additive in those markets.

## Funding rounds

- Seed, Aug 19, 2026, $3.5M — Wavemaker Partners, Icehouse Ventures, C3H,Catalytic Capital for Climate and Health
- Seed, Mar 26, 2024, $4M — Wavemaker Partners, Icehouse Ventures, New Zealand Green Investment Finance

## Investors

- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Seed
- Icehouse Ventures (https://capitalatlas.ai/funds/icehouse-ventures) — Seed
- New Zealand Green Investment Finance — Seed
- C3H,Catalytic Capital for Climate and Health — Seed