05/10/2022

Holland & Hart Represents Brimstone in $55M Series A Financing

Holland & Hart represented Brimstone, a venture-backed manufacturer which uses proprietary technology to produce the world’s only carbon-negative Ordinary Portland Cement and supplementary cementitious materials, in its $55 million Series A financing round. Brimstone will use this funding to build a pilot plant capable of making the first building-scale Ordinary Portland Cement ever made from a calcium silicate rock.

The financing round was co-led by existing investors Breakthrough Energy Ventures and DCVC, with participation from other existing investors, including Collaborative Fund and AccelR8. New investors include Amazon’s Climate Pledge Fund and Fifth Wall Climate Tech whose limited partners represent the global real estate industry. Other investors include Impact Science Ventures, S2G Ventures, Gatemore Capital Management, Osage University Partners, and SystemIQ.

The Holland & Hart transactional team was led by corporate partner Sam Edwards, with assistance from attorneys Nicki Cerasoli, Allen Paxton, and Morgan Thompson and paralegal Andrew Murray.

For more information, please see Brimstone’s press release.

Holland & Hart’s Corporate attorneys have extensive experience advising clients from start-ups to public companies, at all stages of development, in a diverse range of industries including energy and resources, technology, finance, healthcare, gaming, outdoor recreation, animal health, construction and building materials, aerospace, and food, beverage, and consumer products industries.

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