UK’s Converge raises €20M from Amsterdam’s Move Energy, ABN AMRO, others to clean up concrete’s carbon footprint

London-based Converge, a company specialised in AI-driven concrete management and decarbonisation technologies, has secured €20M in the latest funding round.

The round was led by ABN AMRO Sustainable Impact Fund (SIF) and included returning investor Climate Investment (CI).

ABN AMRO Sustainable Impact Fund (SIF) is a €500M investment fund backed by ABN AMRO Bank.

New backers PI Impact and J-Impact also joined, alongside other existing investors.

Amsterdam’s Move Energy joins in

Amsterdam-based Move Energy, an early-stage VC firm dedicated to supporting early-stage companies pioneering hardware and software solutions, also joined the round.

Move Energy is backed by InvestNL, the European Investment Fund, family offices, and private investors.

Mirjam Terhorst, partner at Move Energy, says, “Converge aligns well with our investment strategy. At Move Energy, we invest in European ventures that contribute to decarbonising the built environment. Converge’s product suite, ConcreteDNA, helps contractors and producers reduce their carbon footprint by optimizing the concrete operations and mix designs, whilst simultaneously reducing cost. We look forward to working together with Coverge’s excellent team.”

The funding will help the UK company to accelerate its commercial expansion and technological innovation.

Converge: Decarbonising construction companies

Led by Raphael Scheps, Converge is a London-based construction technology company that leverages its powerful AI models, proprietary sensor data, and advanced software capabilities to optimise concrete usage and production, reducing carbon emissions.

The company’s mission is to help the construction sector build a net-zero future more efficiently through AI, sensors, and data.

The company’s flagship platform, ConcreteDNA, combines real-time monitoring, AI-powered mix optimisation, and advanced data analytics.

This suite enables contractors and producers to make quicker, smarter decisions that reduce embodied carbon and operational waste, supporting both cost efficiency and sustainability targets on the job site.

Raphael, Converge CEO & Co-founder, says, “This investment round, led by ABN and supported by a consortium of leading impact investors, will empower Converge to accelerate decarbonisation across the concrete industry. Converge is driving groundbreaking advancements in generative and predictive AI models for material optimisation.” 

“This new capital raise will enable us to rapidly develop and scale these technologies globally. We’re excited to enter this new chapter in our journey toward building a safer, more efficient, and more sustainable future for concrete,” adds Raphael.