OGCI Climate Investments (OGCI CI), a specialist decarbonisation investor, has today led an investment round of over £15 million for Converge alongside participation from existing investors.

Converge is a technology company accelerating decarbonisation in the construction sector with its intelligence platform fusing physical and construction data.

OGCI CI’s Series A preferred stock financing will support further product development, allowing Converge to build an independent, objectively-verifiable data model of construction and become the digital enabler for decarbonisation of the entire sector.
  
Converge's ambition is to reduce average cement content in concrete by ~15%.
 
The broader construction industry represents close to 11% of global GHG emissions. Converge (converge.io) is expanding its suite of modules to include the optimization of construction logistics and structural health, further preventing waste and reducing cost.