On July 2, 2025, Terra CO2 (Terra), a leading U.S.-based low-carbon building materials company, announced its Series B funding, securing $124.5 million in new equity capital. In addition to the Series B co-leads Breakthrough Energy Ventures, Eagle Materials, GenZero, and Just Climate, the round included major investment from Barclays Climate Ventures. Additional strategic investors to join the round included Prologis, Cemex, and Siemens Financial Services. In addition to the equity raise, Silicon Valley Bank, a division of First Citizens Bank, and Stifel Bank co-led the provision of a credit facility furnishing Terra additional financial flexibility. The funding will also support expanding Terra’s offices and industrial facilities. Wilson Sonsini Goodrich & Rosati advised Siemens Financial Services on the transaction. 

Terra provides high-performance, cost-competitive, and environmentally friendly solutions for the global construction materials market. Terra's technology allows the company to create sustainable construction materials with the most abundant and accessible raw materials on earth from already approved and open mines. 

The Wilson Sonsini team that advised Siemens Financial Services on the transaction includes Scott Zimmerman, TJ Tingjie Li, and Max Learner.   

For more information, please see Terra’s news release. Additional coverage can be found on TechCrunch.