# Prometheus Materials

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/prometheus-materials

- Industry: Materials
- Headquarters: Niwot, US
- Website: www.prometheusmaterials.com
- Total disclosed funding: $4.1M
- Latest round: Series A (Mar 28, 2022)
- Investors on record: 4

## About

Based in Colorado, US, and founded in 2021 by CEO Loren Burnett, Jeffrey Cameron, Sherri Cook, Mija Hubler, and Wil V. Srubar III, Prometheus Materials, Inc., a.k.a. Prometheus operates as a developer of zero-carbon building materials that use decarbonized bio-composite and organic components to produce natural concrete. In March 2022, Prometheus Materials, Inc. raised USD 4.13 million in a Series A funding led by Sofinnova Partners, with participation from Autodesk Foundation, GAF, and Microsoft Climate Innovation Fund. The series A funding values Prometheus Materials, Inc. at USD 21 million post-money.

The company provides a zero-carbon bio-cement and bio-concrete by combining microalgae with other natural components. Prometheus Materials utilizes a photosynthetic bio-cementation process that combines microalgae with water, sunlight, and CO2 to create a bio-cement like the material that coral uses to build reefs and oysters use to generate their shells.

## Funding rounds

- Series A, Mar 28, 2022, $4.1M — Sofinnova Partners, GAF, Autodesk Foundation, Microsoft Climate Innovation Fund

## Investors

- Sofinnova Partners (https://capitalatlas.ai/funds/sofinnova-partners) — Series A
- GAF — Series A
- Autodesk Foundation — Series A
- Microsoft Climate Innovation Fund (https://capitalatlas.ai/funds/microsoft-climate-innovation-fund) — Series A