Low Carbon Materials (LCM), a pioneer in construction decarbonisation, has secured a significant £3m investment to support its expansion. The funding round, led by notable investors, aims to accelerate the development of LCM’s carbon-negative aggregates.
The Seaham-based company’s innovative solutions are designed to replace traditional construction materials, thereby reducing the industry’s carbon footprint. With this new investment, LCM is poised for rapid growth and greater impact in the construction sector.
LCM’s recent £3m investment round was spearheaded by Ada Ventures, with participation from Green Angel Ventures, Northstar Ventures, and an Innovate UK grant. Additionally, Deloitte has provided sponsorship and skills support. The funding is crucial for LCM’s growth trajectory, enabling it to scale its innovative solutions effectively.
The product is designed to provide the strength and stability required in construction, without the high carbon emissions typically associated with conventional materials. This makes OSTO an attractive option for environmentally conscious construction projects.
LCM employs approximately 18 people, all dedicated to advancing the company’s sustainability goals. The team’s expertise in material science is the driving force behind LCM’s groundbreaking products.
The global construction industry is under pressure to adopt greener practices. LCM’s scalable technologies offer a practical solution, enabling large construction firms to reduce their CO2 emissions effectively.
Deloitte’s chief sustainability officer, Smruti Naik-Jones, praised LCM’s efforts as part of a broader strategy to achieve net zero. Deloitte’s support extends beyond financial investment to providing strategic guidance, leveraging its expertise to help LCM scale its solutions.
LCM is focused on continuous innovation, seeking to develop new products that can further reduce the environmental impact of construction. The company’s long-term goal is to become a leader in the industry, setting new standards for sustainability.
The £3m investment marks a significant milestone for LCM, providing the resources needed to accelerate its growth. The company’s innovative solutions have the potential to transform the construction industry, making it more sustainable and environmentally friendly.
LCM is committed to pushing the boundaries of material science to create a more sustainable future. With strong backing from investors and strategic partners, the company is well-positioned to lead the way in the decarbonisation of construction.
LCM’s recent funding success underscores the importance of innovation in the battle against climate change. With new resources at hand, LCM is set to make significant strides in reducing carbon emissions within the construction industry.
The company’s visionary approach and robust support from investors signal a promising future for sustainable construction solutions. As LCM continues to grow, its impact on the environment and the industry is expected to be profound.