The Technology team advised Cocoon Carbon, Inc. on the closing of a $15 million Series A round. The investment was co-led by 2150 and Brick & Mortar Ventures, investors in the built environment and construction sectors. The round included participation from TVC (The Venture Collective) and continued support from existing investors Wireframe Ventures, Celsius Industries, Gigascale Capital, and SOSV.
Cocoon unlocks a new, scalable supply of a cost-competitive cement replacement — helping producers meet rising infrastructure demand quickly without raising costs. As data center construction booms and global infrastructure doubles over the next 40 years, the widening supply gap of widely used, low-cost supplementary cementitious materials has made it a critical material. Cocoon's low-capex, modular process converts electric arc furnace byproducts from growing, clean steel production into a cost-competitive cement replacement that lowers the carbon intensity of concrete production.
The Goodwin team was led by Andrew Sparks, Jason Goldfarb, Ben Rosales, Ashley Smith, Joyce Chang, Meg Thering, Ora Grinberg, Garrett Gaughan, Brittany Fayette, Gabby D'Souza, Alex Fisher, Emma Randall, Gretchen Scott, James Taylor, Alexandra Mulligan, Hakyung Lee, and Dulcie Daly.
For more information on the deal, please read the press release.