ABN AMRO Sustainable Impact Fund leads investment in Converge

This strategic investment will accelerate Converge’s commercial growth and facilitate the development of its innovative solutions, supporting ABN AMRO’s ambition to transition towards a more sustainable society with our clients.

Concrete production accounts for approximately 8% of global CO₂ emissions, making it a key focus for decarbonisation. Converge is at the forefront of integrating advanced technologies into the construction industry. With a global presence, its flagship platform, ConcreteDNA, offers a suite of solutions for generative and predictive AI-based mix insights, real-time concrete monitoring and data management. These innovations empower contractors to make faster, data-driven decisions, reduce embodied carbon and minimise resource waste – tackling both inefficiencies and environmental challenges in construction.

Gaetano Giuffrè, ABN AMRO SIF Investment Manager: “Converge is driving concrete efficiency, smarter optimisation and lower carbon emissions in one of the most traditional and high-impact industries. We’re excited to support Raphael, Gideon, and the team on their growth journey as they scale their impact and accelerate the decarbonisation of the built environment.”

Raphael, Converge CEO and Co-founder: "This investment round, led by ABN AMRO 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 towards building a safer, more efficient, and more sustainable future for concrete."

This investment marks a shared commitment by ABN AMRO and Converge to accelerate the adoption of smart, low-carbon technologies across the construction industry, increasing efficiency and helping to create a more sustainable built environment.

About Converge

Converge is a London-based construction technology company founded in 2014. It 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.

ConcreteDNA, Converge’s flagship platform, integrates generative and predictive AI models, sensor-based concrete monitoring and real-time data management to track and simulate concrete performance, optimise mix designs, and minimise inefficiencies – saving valuable time and emissions.

About ABN AMRO Sustainable Impact Fund

ABN AMRO Sustainable Impact Fund (SIF) is a EUR 500 million investment fund backed by ABN AMRO Bank. It invests in companies with a proven track record of driving positive impact, with the goal of accelerating the transition to a sustainable, low-carbon economy while generating financial returns.

About Move Energy

Move Energy is an early-stage venture capital firm dedicated to supporting early-stage companies pioneering hardware and software solutions to decarbonise the power, transport, and buildings sectors. With a focus on impact-driven investments, Move Energy aims to support the next generation of transformative ventures contributing to a more sustainable world. Move Energy is headquartered in Amsterdam and is backed by InvestNL, the European Investment Fund, family offices, and private investors.

About PI Impact

PI Impact is a Dutch single-family office belonging to the ProDelta group. PI Impact supports impact-driven founders who create measurable social, environmental and financial returns, with the ambition to accelerate the transition to a more sustainable and inclusive world. Investments are done both directly into promising ventures, and through other impact-driven investment funds.

About J-Impact

J-Impact is a U.S.-based early-stage venture fund and part of the J-Ventures group, a global community of investors, founders, and industry leaders. The fund backs bold, mission-driven founders addressing climate and health challenges through scalable solutions. With a global base of hundreds of investors—including senior executives across finance and operations—J-Impact delivers deep operational support, a hands-on founder-first approach, and a focus on technologies that can improve millions of lives while generating venture-level returns.