Bahamas-Based Partanna Raises $12M for Carbon Negative Cement

Did you know that roughly 8% of the world’s emissions come from cement? That’s a huge chunk of the problem that isn’t getting as much attention as things like electrification or renewable energy.

Enter Partanna, a Bahamas-based startup that manufactures carbon negative cement. The company boasts having the world’s first building material that not only avoids emissions, but actually remove CO2 from the atmosphere.

Founded by former NBA player Rick Fox, the company just raised $12 million in their pre-seed round.

If this technology scales, it has the potential to not only dramatically decrease high emissions associated with buildings and infrastructure, but draw down excess carbon from the atmosphere. Imagine cities full of carbon-absorbing buildings!

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