Trusscore, an Ontario-based material science startup, has raised $21 million (26 million CAD) in Series A Funding to reduce the construction industry’s environmental footprint.
The funding round was led by Round13 Capital via its Earth Tech Fund, which focuses on investing in Environmental, Social, and Corporate Governance initiatives. Investors like Garage Capital, Carol Leaman of Axonify, and John Baker of D2L also participated. The round brings the total funding raised by the startup to over $25 million (31 million CAD). Craig Strong, Round13 Capital General Partner, referred to the round by stating:
“Our new Earth Tech Fund is our first environmental, social, and corporate governance (ESG) fund. We created it specifically to accelerate the growth of companies that have made a commitment to the environment and have sustainability as a strategic business imperative. As a company that is disrupting the status quo in a legacy industry that causes millions of tons of waste annually, Trusscore is the perfect first investment to launch this fund. With Dave at the helm, and his vision for both the company and the overall construction industry, Trusscore is very well positioned for success.”
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