• Sustainable materials company secures £1.9m funding

    Sustainable materials company secures £1.9m funding

    County Durham-based sustainable materials firm Sphera has secured £1.9m in funding in a round led by Green Angel Syndicate (GAS).

    Sphera works within the construction industry and has created a carbon negative aggregate for concrete, aimed at tackling the carbon footprint of traditional concrete which makes up eight per cent of global carbon emissions.

    Its products are geared towards construction companies looking to reduce their environmental impact.

    The round, which also involves other VC groups, including Northstar Ventures and individuals with experience in the construction sector, follows a successful year for the company which recently became an advisory board member for the UKGBC’s Innovative Start-Up Forum.

    Source: Insider Media