Avolta advised NeoCem on its €17m fundraising from Crédit Mutuel Impact
Avolta acted as exclusive advisor to NeoCem, a leading French deeptech company specializing in low-carbon hydraulic binders, on its €17m funding round. The round was led by the Fonds Révolution Environnementale et Solidaire, managed by Crédit Mutuel Impact. This transaction also includes continued support from NeoCem’s historical investors, including Rev3 Capital, Nord France Amorçage, Finorpa, and CB Green. This milestone marks a major step in NeoCem’s transition from technology validation to industrial-scale commercialization and mass deployment within the European construction market.
NeoCem
Founded in 2021 by Christophe Deboffe and Benjamin Constant, NeoCem develops innovative cementitious materials based on calcined clays. Its disruptive technology enables a CO₂ emission reduction of up to 90% compared to traditional clinker or standard cement, while ensuring equivalent technical performance and seamless economic competitiveness with no additional cost to the market.
The company’s differentiated approach relies on a circular and sovereign model, recycling clays derived from industrial waste or co-products (such as excavated soil from the Grand Paris Express project) that are abundantly available across Europe. Backed by over ten years of R&D, NeoCem’s platform has already validated hundreds of low-carbon formulations covering all traditional cementitious applications (ready-mix concrete, precast, road binders, and mortars).
Based between Lille (headquarters and laboratory) and Saint-Maximin (first operational industrial production unit), the team of 21 FTEs holds a strategic asset portfolio including 1 filed patent, 2 Soleau envelopes, and 1 exclusive worldwide process license. NeoCem launched commercialization in November 2025 to major construction and infrastructure players and has been recognized at the European level by the Innovation Fund and the European Union’s STEP Seal.
Transaction rationale
This €17m financing will support the acceleration of NeoCem’s commercial and industrial rollout. It will fund the scale-up of its existing industrial production site toward a target capacity of 200,000 tons per year and support a large-scale deployment model based on industrial partnerships and joint ventures both in France and internationally.
The transaction enables NeoCem to shift from a technology validation focus toward rapid industrial execution to meet growing regulatory pressures on the construction sector. The backing of Crédit Mutuel Impact, a committed long-term investor, reinforces NeoCem’s unique positioning as a future leading player in low-carbon cementitious materials in Europe.
Avolta
Avolta is a leading European tech investment bank with recognized expertise in software and Hard Tech transactions. By advising NeoCem on this sustainable €17m industrial fundraising, Avolta strengthens its position as a leading advisor to European deeptech, green industry, and ecological transition champions, having recently advised sector leaders such as:
• Quobly on its €115m Series A financing round from Bpifrance, SEALSQ, STMicroelectronics, the EIC Fund, Blast, ALIAD, and Innovacom.
• Heliup: on its growth investment from Supernova Invest, Starquest, BNP, Maif, Lita and others
• AI Verse: on its growth investment from Supernova Invest, Innovacom, Bpifrance and CA Créazur
• U-Space: on its growth investment from Blast, Bpifrance, Expansion and others
• LATTICE MEDICAL: on its growth investment from Bpifrance, Blast, EIC and others
• Space Cargo Unlimited: on its growth investment from Expansion, Eurazeo, European Innovation Council, European Investment Bank, Luxembourg Future Fund II and others
