Ecolocked receives 1.8 million euros

This is the first financing round for the young Berlin start-up. The money comes from British venture capitalist Counteract, among others.

The carbon tech start-up Ecolocked has raised 1.8 million euros in its first round of financing. The round is led by British venture capitalist Counteract, which specializes in carbon reduction start-ups. Money also comes from the business angel club Better Ventures - Gwen Schröter (Golzern VC), Christoph Behn (Kartenmacherei), Anne, and Stefan Lemcke (Ankerkraut) invested via the network.

Ecolocked is working on the development and marketing of CO2-optimized formulas for concrete based on biochar. The start-up intends to use the money to carry out initial pilot projects and accelerate the market launch of its first CO2-reduced formulas planned for the first half of 2023. "A massive increase in CO2 capture through biochar production in the coming years is essential," says Mario Schmitt, CEO of Ecolocked. Without this, the goal of limiting global warming to 1.5 degrees can no longer be achieved. Schmitt founded the start-up together with CTO Micheil Gordon and CCO Stefanie Gerhart in September 2021.

"Concrete is responsible for almost eight percent of all emissions. We are therefore delighted to be able to support Ecolocked," says Tina Dreimann, co-founder and Managing Director of Better Ventures. "Their solution will not only revolutionize the construction industry, but can play an important role in achieving our climate goals."