Friday, 23 August 2024

Investors funneling cash to clean concrete

Plus, Israel venture bounces back

August 23, 2024

Hi, Agen. With the goal of producing a green cement with 70% less carbon dioxide than ordinary varieties, Fortera raised an $85 million Series C. That round is just the latest in a long list of clean cement and concrete startups getting venture funding. Plus, venture funding to VC-backed companies in Israel picked back up in 2024’s second quarter.

👍 Investors still pouring cash into clean concrete

Companies in the clean concrete space have raised more than $750 million in mostly early-stage equity funding to date. And investment continues to flow, with Silicon Valley-based Fortera, closing this week on the year’s biggest round.

Related Crunchbase Pro list: Clean Concrete-Related Funded Companies

🇮🇱 Israel venture bounces back

Venture funding to Israel-based startups has bounced back significantly after nosediving less than a year ago after the Hamas attacks and the Israeli response, however, funding to the country’s VC-backed companies has picked back up — and even shows some signs of getting strong.

Related Crunchbase Pro lists:

• Funding To Israel-Based, VC-Backed Startups

• Funding To Israel-Based, VC-Backed Cybersecurity Startups

🧠 Put your startup savvy to the test with the Real Fake game

Crunchbase partnered with VC firm Felicis to build a daily web-based game called Real Fake, where you guess which companies are real and which are AI-generated. Play it and see how high you can score.

💰 AMD has been quite busy in the AI space

We may usually focus on the likes of Microsoft, Google and Nvidia when talking about Big Tech investing in AI, but AMD’s recent move shows it is no stranger to putting big money into the space.

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