Material Evolution
Latest round
- Series A
Last raised
- Jun 2023
Total raised
- $21M
Investors
- 11
About Material Evolution
Material.Founded in 2017 in Belfast, Ireland, Material. Evolution Ltd. is dedicated to revolutionizing the cement industry with its flagship product, MevoCem. In June 2025, Material Evolution Ltd.Material Evolution focuses on producing its flagship product, MevoCem, an ultra-low carbon cement solution that significantly reduces CO2 emissions compared to traditional Ordinary Portland Cement (OPC).5N with a reduced binder content. This innovative cement integrates seamlessly into existing construction workflows, catering primarily to the sustainable construction sector. The company employs an alkali fusion process that allows for the creation of a clinker-like material at ambient temperatures, enhancing its environmental appeal.Material Evolution's revenue model is structured around B2B transactions, focusing on partnerships with construction firms, manufacturers, and developers committed to sustainability. These transactions typically involve bulk supply agreements for MevoCem, enabling clients to incorporate eco-friendly cement into their projects. Given the adoption of MevoCem in high-volume construction applications, the company engages in direct partnerships or supply contracts tailored to specific project needs, fostering long-term relationships with its clients. Pricing structures reflect the premium nature of sustainable products, with potential tiered pricing based on order volume or project scale. The revenue streams are bolstered by ongoing collaborations aimed at increasing the production scale and efficiency of their compact factory model, which allows for sustainable, high-volume output. Material Evolution Ltd.
Who invested in Material Evolution
11 investors across 2 rounds
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Questions about Material Evolution
Who invested in Material Evolution?
Material Evolution has 11 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Material Evolution raised?
Material Evolution has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Material Evolution last raise money?
Material Evolution's most recent round on record is a Series A, in Jun 2023.
What does Material Evolution do?
Material Evolution is a materials company.
Where is Material Evolution headquartered?
Material Evolution is headquartered in Belfast, Ireland.
Which VCs invest in companies like Material Evolution?
Among active investors with capital left to deploy, Mundi Ventures, Partech Partners, Mirova and Anterra Capital back materials companies at Material Evolution's stage. Their profiles are linked below.
VCs backing materials startups at Series A
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