C2CA Announces Seed Round and new CEO

Delft, NL  C2CA has announced the completion of a Seed Round of initial commercial financing and the hire of Thomas Petithuguenin as CEO.

TU Delft and GBN, a Dutch recycling company, who have incubated C2CA Technology since 2016, welcome Chyrsalix Venture Capital to guide the next stage of C2CA development.

“We are very pleased with Chrysalix’s investment. Their strategic knowledge, network of leading companies, and financial support give C2CA the power to accelerate. That gives us a lot of confidence for the future,” said Eric van Roekel, CEO at GBN.

Fred van Beuningen, Managing Partner at Chrysalix added, “The potential worldwide for more sustainable concrete recycling is enormous. C2CA Technology has shown in practice that demolition concrete can be fully used in new concrete, creating 100% circular concrete. In the Netherlands alone, 13 million tons per year of waste concrete are recyclable.”

In addition to this new investment, Chrysalix was also instrumental in securing a new CEO, Thomas Petithuguenin, and Independent Board Member, Carsten Riisberg Lund, for C2CA. These outstanding candidates were sourced from Chrysalix’s extensive global network and are a demonstration of the firm’s hands-on support in company building.

Thomas has carried his passion for sustainability throughout his career and has a proven track record of delivering innovative decarbonization solutions with commercial success. With six years of experience at FLSmidth, most recently leading the Research and Partnerships team, Thomas has a wealth of knowledge and expertise in cement decarbonization. He has a diverse background with previous positions at Airbus, Lawrence Berkeley National Labs, and the French Development Agency.

Welcome Chrysalix, Thomas and Carsten!