How much funding has Material Evolution raised?

Material Evolution has raised $40.4M in total funding, most recently a Series B round.

Who are Material Evolution's investors?

Material Evolution's investors include Playfair Capital, Kompas VC, At One Ventures, SkyRiver Ventures, HG Ventures, Norrsken VC.

When was Material Evolution founded?

Material Evolution was founded in 2020.

Where is Material Evolution headquartered?

Material Evolution is headquartered in Belfast, United Kingdom.

What industry is Material Evolution in?

Material Evolution operates in Climate Tech.

How many employees does Material Evolution have?

Material Evolution has 11-50 employees.

Material Evolution

Ultra-Low Carbon Cement Solutions

Belfast, United Kingdom · Founded 2020 · $40.4M raised

Climate Tech

Headquarters: Belfast
Employees: 11–50
Founded: 2020
Business Model: B2B

Website: materialevolution.co.uk
Total Funding: $40.4M
Last Round: $19.7M Series BJun 2025
Rounds: 3

About

Material Evolution develops ultra-low-carbon cement using a proprietary Alkali Fusion process and AI-powered material selection, replacing traditional energy-intensive kilns. Their MevoCem product emits 80% less CO2 than ordinary Portland cement, transforming industrial byproducts and waste into high-performance sustainable construction materials.

Summary

Material Evolution is a Climate Tech company based in Belfast, United Kingdom, founded in 2020. It has raised $40.4M in total across 3 rounds, most recently a $19.7M Series B round in Jun 2025. Investors include Playfair Capital, Kompas VC and At One Ventures.