Alcemy secures USD 10 million

USD 10 million for sustainable cement and concrete: GreenTech startup alcemy secures funding to decarbonize the industry

Berlin, July 5, 2024 - Berlin-based GreenTech startup alcemy has raised USD 10 million in a new financing round. The round was led by Norrsken VC, the largest European early stage impact fund from Stockholm. Other investors include Galvanize Climate Solutions, BitStone Capital and AENU. With this fresh capital, alcemy plans to further scale its AI-based platform and expand into additional markets.

Sustainable cement and concrete production

Concrete is the foundation of our society and at the same time one of the largest CO2 emitters. Alcemy enables the production of more sustainable cement and concrete on a large scale and thus makes an important contribution to decarbonization.

Fabian Heilemann, founder and CEO of AENU

Since its foundation, the start-up has been working on the vision of making the cement and concrete industry more sustainable. With the help of AI-supported software, the decarbonization of the industry is to be accelerated. Alcemy's platform enables the production of cements and concretes with up to 65% less CO2. With robust data and algorithms, the company provides insights along the entire value chain from grinding the cement to processing the concrete.

Alcemy was founded in 2018 by Leopold Spenner and Dr. Robert Meyer. The company uses machine learning and control technology to predict the quality properties of cement and concrete.

International expansion and scaling

The start-up plans to use the new capital to expand its market presence and implement its technology in six other European countries, the USA and Turkey. "Our vision is to work with customers and manufacturers to drive forward the decarbonization of the cement and concrete industry, which is responsible for 5-8% of CO2 emissions worldwide," explains Leopold Spenner, CEO and co-founder of alcemy.

Innovative technology for the construction industry

alcemy's AI-driven software shows remarkable consistency in the market and holds immense global potential.

Alexander Danielsson, Partner at Norrsken VC

Alcemy has become the market leader in Germany in the field of predictive quality control for cement and ready-mix concrete plants. Through close quality monitoring and the provision of forecasts and target values, the proportion of clinker in cement production can be gradually reduced. Ready-mix concrete manufacturers benefit from a tool that enables the production of sophisticated CO2-reduced concretes.

The technology is already being used in a third of all German cement plants and in over 40 ready-mix concrete plants. Customers include well-known manufacturers such as Rohrdorfer, Märker, Dyckerhoff, Spenner, Max Bögl and Valet+Ott.