Milan-based DMAT, a deeptech company, has secured €3.87M to advance its concrete technology.
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Milan-based DMAT, a deeptech company aiming to transform the construction sector, has secured $4.5M (nearly €3.87M) in funding led by Primo Capital SGR S.p.A. through its Primo Climate fund.
The round also saw participation from international investors. These include US venture fund Safar Partners, PeopleFund, a private holding company, Deep Future, founded by inventor Pablos Holman, and Corbites, a European VC fund.
Arunas Chesonis, Managing Partner & Investment Committee Member of Safar Partners, says, “Safar Partners is excited to support DMAT and its innovative technology, which will help to reshape one of the world’s strategic industries – construction. DMAT’s approach – combining sustainability with superior economic performance – will be critical to driving the global transformation of hard industries.”
Capital utilisation
DMAT looks to advance the deployment of its concrete and mortar technology. The company claims that its technology extends infrastructure lifespan and reduces CO2 emissions by up to 60 per cent.
The funds will support the commercialisation and wider adoption of DMAT’s technology, which is certified in Europe and used in highway infrastructure and precast concrete projects.
Paolo Sabatini, CEO and co-founder of DMAT, says, “Following an intensive R&D journey, DMAT is proud to be present in the Italian and Swiss markets with a breakthrough technology that delivers an unmatched mix of durability, sustainability, and performance. The trust of world-class investors will enable us to build strategic partnerships across the industry and to activate our production in the United States.”
A concrete technology company
DMAT was co-founded in Boston with Admir Masic, Associate Professor at the Massachusetts Institute of Technology (MIT) Department of Civil and Environmental Engineering.
The company has developed technology that extends the lifespan of concrete and mortar through self-healing of cracks and resistance to carbonation, the main causes of structural degradation.
By reducing cement content and extending service life, DMAT lowers both carbon emissions and maintenance costs. The company aims to transform the construction sector through solutions for the production of concrete with lower environmental impact while maintaining performance and durability.
“We are committed to making innovative materials and mixes accessible to the 180,000 concrete producers worldwide without the costs of converting plants and supply chains,” says DMAT.
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