ECOncrete

Company Overview

Snapshot

Founded in May 2012 by Ido Sella and Shimrit Perkol-Finkel, ECOncrete operates with 11–50 employees. The company has raised $10.6 million across five funding rounds from four investors. In February 2024, ECOncrete was highlighted for its development of 'concrete for the future' that can be used in both land and water-based infrastructure.

Business overview

ECOncrete develops nature-positive concrete technology for marine infrastructure, promoting and restoring biodiversity in projects such as ports, piers, breakwaters, and subsea installations. Their solutions integrate into concrete structures, fostering marine life like tubeworms, oysters, and barnacles. This biogenic layer enhances structural durability, acts as a carbon sink, and reduces maintenance needs. The company's technology is manufactured by local construction providers, offers seamless integration, and supports permit acceleration, serving markets that include communication services, energy, utilities, waste management, transportation, and government sectors.

Strategic signal

In February 2024, ECOncrete was featured for its innovative 'concrete for the future,' capable of building infrastructure on land and in water while enhancing marine ecosystems. This signals a significant advancement in sustainable construction materials, demonstrating the company's potential to address environmental challenges in infrastructure development and offering a compelling value proposition for investors seeking climate-tech solutions with tangible ecological and economic benefits.

Company Intelligence Q&A

What is ECOncrete's core technology?

ECOncrete develops nature-positive concrete technology that enables marine infrastructure to become encrusted in rich marine life, such as tubeworms, oysters, and barnacles. This living layer provides ecosystem services, improves structural durability, and acts as a carbon sink.

When was ECOncrete founded and by whom?

ECOncrete was founded in May 2012 by Ido Sella and Shimrit Perkol-Finkel.

What significant recognition did ECOncrete receive in 2019?

In December 2019, ECOncrete was recognized by Time magazine as one of the '100 Best Inventions of 2019' for its innovative concrete technology.

What was a notable project involving ECOncrete in May 2023?

In May 2023, a sub-sea power cable project between Lanzarote and Fuerteventura was highlighted for enhancing biodiversity through the use of ECOncrete's technology.