CURA Climate second financing tranche

Terms

Announced

17 Sept 2026

Instrument

Equity

Amount

US$10.0mReported as US$10m (about C$14m)

Source

betakit.com

Parties

Project developer

CURA Climate

Recipient type

Technology company

Country

Canada

Capital providers

Capital providers and the amount counted for each

Party	Role	Amount	Basis
Zacua Ventures	Lead investor	US$2.00m	Estimated: an even share, 1 of 5
Sandpiper Ventures	Investor	US$2.00m	Estimated: an even share, 1 of 5
Vantage Futures	Investor	US$2.00m	Estimated: an even share, 1 of 5
Amplify Capital	Investor	US$2.00m	Estimated: an even share, 1 of 5
UCeed	Investor	US$2.00m	Estimated: an even share, 1 of 5

Carbon

Pathway

Unresolved

Project type as recorded

Low-carbon cement

What happened

Second financing tranche for a Calgary startup founded in 2025 that makes low-carbon cement by an electrochemical process on limestone, which also separates CO2 from the material. Closing wording: the company "has closed a $10-million USD ($14-million CAD) fundraise". Led by Zacua Ventures, whose Juan Nieto joins the board, with Sandpiper Ventures, Vantage Futures, Amplify Capital and the University of Calgary's UCeed fund. The Mount Rundle Club and Sebastian Becker also invested; both are individuals or syndicates of individuals and take no provider row, so the round is credited across the five named institutional providers. The company claims emission reductions of 30 to 85 per cent against conventional cement, and states its cost target is to be met without carbon-pricing benefits. No round label is given by any source. The fate of the separated CO2, whether stored, used or sold, is not stated.

Kumo note

An electrochemical route to cement that separates CO2 from limestone rather than capturing it from a kiln flue. The company states its cost target is reached without relying on carbon pricing, which is unusual for cement decarbonisation and is the thing a financier should test.

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