Material Evolution Secures £15M To Revolutionise Cement Industry’s Decarbonisation Efforts
Amount Raised
£15 Million
Round Type
Funding Round
TeessideManufacturingInformation TechnologyInvestors
Description
Now, Material Evolution has raised £15 million in Series A funding. The round was led by KOMPAS VC, an early-stage VC firm that invested in Prewave and Costance, with participation from Norrsken VC and CircleRock Capital. The round also saw participation from existing institutional investors, including Playfair Capital, At One Ventures, SkyRiver Ventures and HG Ventures. The oversubscribed round also attracted strategic investment from SigmaRoc, which Material Evolution has partnered with to develop a range of low-carbon concrete products.
Quick answer
Material Evolution raised £15 Million in a Funding Round round, dated June 29, 2023. Investors: Sigma Roc, HG Ventures, Sky River Ventures, At One Ventures, Playfair Capital, Circle Rock Capital, Norrsken VC and Kompas VC. Material Evolution is based in Teesside, England, United Kingdom.
- How much did Material Evolution raise?
- Material Evolution raised £15 Million in a Funding Round round on June 29, 2023.
- Who invested in Material Evolution?
- Sigma Roc, HG Ventures, Sky River Ventures, At One Ventures, Playfair Capital, Circle Rock Capital, Norrsken VC and Kompas VC are named as investors in this round.
- What does Material Evolution do?
- Material Evolution produces MevoCem, a high-performance, ultra-low carbon cement replacement - with an 85% reduction in emissions compared to traditional cement.
- Where is Material Evolution based and how big is it?
- Material Evolution is based in Teesside, England, United Kingdom. Fundz records about 28 employees.
- Who are the decision-makers at Material Evolution?
- Fundz holds 1 contact at Material Evolution. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Manufacturing around the same time
Companies in the same sectors as Material Evolution that raised within 45 days of this round, from Fundz verified event records.
- Electra Battery Materials Corporation raised $6.1M on August 11, 2023.
- Gently raised $20K (Pre-Seed) on August 11, 2023.
- Evrnu®, SPC raised $750K (Seed) on August 11, 2023.
- PO CAMPO, LLC raised $45K (Pre-Seed) on August 11, 2023.
- Olis Robotics raised $4M (Seed) on August 11, 2023.
- Boston Micro Fabrication raised $24M (Series D) on August 10, 2023.
Who to call at Material Evolution, and when
A new round usually means Material Evolution is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Material Evolution raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Material Evolution, from your own LinkedIn network
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