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SigmaRoc PLC on Friday announced it has partnered with Adaptavate to scale low-carbon technology within the global construction industry.
The London-based building materials company said the deal is part of Adaptavate’s £2.7 million pre-Series A funding round, which included participation from SigmaRoc’s Skreenhouse Ventures.
‘We are proud to support Adaptavate in its mission to transform the built environment through circular, low-carbon construction solutions. Together, we are driving the next wave of sustainable construction,’ said Fons Vermorken, group executive committee member at Innovate, SigmaRoc.
‘By leveraging SigmaRoc’s position as a leading limestone player in Europe, we bring industrial strength, infrastructure, and market reach to help scale Adaptavate’s innovations globally.’
Adaptavate Founder & Chief Executive Officer Tom Robinson said: ‘Over the past decade, we have developed an industrial process to manufacture construction materials that are circular, regenerative and carbon absorbing. Now, our agreement with SigmaRoc is a key milestone in our mission to scale this technology widely. SigmaRoc brings deep industrial expertise and a leading decarbonisation strategy-which will be of great help on our path to global impact.’
SigmaRoc shares were 0.2% higher at 87.00 pence each on Friday morning in London.
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