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Concretene, a University of Manchester spin-out, raises £4.5m Series A to scale graphene production for concrete applications.

PRIVATEOct 26, 2026

Amount Raised

£4.5 Million

Round Type

Series A

ManchesterManufacturingBiotechnology

Investors

Molten VenturesLocalglobePXN VenturesPXN Equity Finance

Description

Concretene has raised £4.5m in the first close of a Series A round to scale up production of graphene for use in concrete. The round includes £2m from PXN Equity Finance, part of the Northern Powerhouse Investment Fund II, with additional investment from existing backers LocalGlobe and Molten Ventures. The funding will support industrial-scale admixture manufacturing, scaled concrete trials, and the Manchester graphene programme. Concretene's graphene admixture has demonstrated the potential to remove 10-20% of cement from concrete mixes without affecting strength or durability.

Quick answer

Concretene raised £4.5 Million in a Series A round, dated October 24, 2026. Investors: Molten Ventures, Localglobe, PXN Ventures and PXN Equity Finance. Concretene is based in Manchester, England, United Kingdom.

How much did Concretene raise?
Concretene raised £4.5 Million in a Series A round on October 24, 2026.
Who invested in Concretene?
Molten Ventures, Localglobe, PXN Ventures and PXN Equity Finance are named as investors in this round.
What does Concretene do?
Concretene is a Manchester-based nanomaterial technology company aiming to decarbonise the concrete industry.
Where is Concretene based and how big is it?
Concretene is based in Manchester, England, United Kingdom. Fundz records about 17 employees.
Who are the decision-makers at Concretene?
Fundz holds 1 contact at Concretene. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Manufacturing and Biotechnology around the same time

Companies in the same sectors as Concretene that raised within 45 days of this round, from Fundz verified event records.

  • XTPL raised $6.5M on November 13, 2026.
  • Biomatter raised $18M (Series A) on November 12, 2026.
  • Mosaic Intelligence Labs raised $47M (Seed) on November 10, 2026.
  • FluoRok raised $30M (Series A) on November 5, 2026.
  • altM raised $10M (Series A) on November 5, 2026.
  • Alt Material Innovations Private Limited raised $318K (Series A) on November 4, 2026.

Who to call at Concretene, and when

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Company Information

Company

Concretene

Location

Manchester, England, United Kingdom

About

Concretene is a Manchester-based nanomaterial technology company aiming to decarbonise the concrete industry. Founded by civil engineers Rob Hibberd and Alex McDermott, it develops a graphene-enhanced admixture intended to reduce the carbon footprint of concrete. The company collaborates with key industry partners and utilizes innovative technologies from research centers such as The University of Manchester’s Graphene Engineering Innovation Centre. With recent venture capital backing, Concretene is poised for rapid commercialization of its environmentally friendly products.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Concretene raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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