Rick Fox's tech startup has secured $12M in pre-seed funding from investors.

Rick Fox raises $12 mil for tech startup to fight climate crisis.

July 20th 2023.

Rick Fox's tech startup has secured $12M in pre-seed funding from investors.
Rick Fox is a star in every sense of the word. After 13 successful years playing in the NBA, he's moved on to a successful acting career, and now, tech.
In 2021, Fox partnered with architect Sam Marshall to co-found Partanna, a carbon-negative concrete company. By May 2023, they raised $12 million in pre-seed funding and are now valued at $190 million.
Partanna is joining companies such as Sylvera and Impossible Foods in the fight against climate change. As stated on their website, their mission is to "delink development from pollution and build a sustainable future for all".

The idea for Partanna came to Fox during the COVID-19 pandemic, when he witnessed the devastation Hurricane Dorian had caused in the Bahamas, his current home. "It got me to a point of thinking about a bigger crisis," Fox said. "The consistent impact of the climate and the storms that were happening on a yearly basis at a different level than what I grew up with."

For Fox, this project is more meaningful than any of his previous accomplishments. He said that nothing has been more rewarding "than to be a part of this team where we’re leaving something behind." Working on this project has a greater purpose, as it will benefit not only his life but also future generations.

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