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§ Private Profile · London, England, United Kingdom
Climate technology company that converts steel waste into low-carbon SCM for cement and steel industries, focused on decarbonization.
Based in London, United Kingdom, Cocoon is a climate technology company that develops low-carbon construction materials by converting steel production waste into supplementary cementitious material for traditional concrete manufacturing. The enterprise utilizes a modular, shipping container-sized system to reconnect the steel and concrete supply chains, aiming to deliver 11 million tonnes of material and mitigate 10 million tonnes of carbon dioxide annually by 2032. The organization has secured a $5.4 million pre-seed funding round and a subsequent $15 million Series A financing backed by institutional investors including Wireframe Ventures, Gigascale Capital, and SOSV. This capital directly supports the construction of a new commercial demonstration facility in the United States and follows the company's recent selection for CRH's Sustainable Building Materials Accelerator. Cocoon was officially founded in May 2023 by Eliot Brooks, Dr. William Knapp, and Freddie Scott.
Cocoon has raised $5.4M across 1 funding round.
Cocoon has raised $5.4M in total across 1 funding round.
Cocoon has raised $5.4M across 1 funding round. Most recently, it raised $5.4M Pre-Seed in August 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 8, 2024 | $5.4M Pre Seed | — | Celsius Industries, Michael Schroepfer, SOSV, Lily Bernicker | Announced |
Cocoon has raised $5.4M in total across 1 funding round.
Cocoon's investors include Celsius Industries, Michael Schroepfer, SOSV, Lily Bernicker.