Accelerace helped Abeo attract necessary investor

CCC has helped Abeo, a small entrepreneurial company specialized in patented Super-Light Structures, to bridge the gap between idea and commercialization and attract further funding from SEED Capital.

Accelerace, run by CCC partner Symbion, made a difference for Abeo, a company recognized for products with great potential for construction and architects worldwide. Abeo A/S is a small entrepreneurial company with a unique product: Super lightweight concrete. The invention of lightweight concrete entails a reduction in material use (including steel reinforcement) which leads to significant costs and CO2 reductions.

The Accelerace program was a valuable help for the Abeo-team in turning the invention of super lightweight concrete into a business with true commercial potential. This was recently acknowledged by the venture capital company SEED Capital which invested 1.5 million € to develop Abeo further. The money will be used for up scaling the business including the hire of two new employees.

"The Accelerace program has provided a solid ground for us to transform invention into commercial potential and triggered Abeo A/S as a professional and ambitious player in our segment. The ability to attract capital is crucial for a company like ours to enable us to penetrate the very well established, existing market for concrete. With SEED capital we increase the probability of realizing our vision of entering the market internationally," says Mads Løntoft, Abeo A/S.

Vast potential

Abeo's potential is vast given the fact that concrete is used more than any other man-made material in the world. Abeo's goal is to make Super-Lightweight Structures the first and natural choice for builders and contractors as well as engineers and architects. Abeo was last year named the world's most promising cleantech business by "World Cleantech", held in Silicon Valley, USA.

"Abeo is a strong proof of what Accelerace can do for start-up companies. It is crucial for the Danish economy and the climate and environment in general that start-up companies get the appropriate help to move onwards from the brilliant ideas they are based on," says Peter Torstensen, CEO of Symbion.

Abeo A/S was founded in June 2010 to commercialize the patented building technology Super-Light Structures invented by Kristian Hertz, Professor at The Technical University of Denmark (DTU).